Report
Phillip Zhong
EUR 100.00 For Business Accounts Only

In-Line Interim for Swire, With Modest Rental Growth Offsetting Lower Property Trading Earnings

For interim 2018, Swire Properties reported adjusted core earnings of HKD 3.7 billion, down 19% year on year due to a lower contribution from property trading. The interim core earnings were in line at about 47% of our full-year estimate. The company booked a gain of HKD 2.5 billion on the finalization of the disposal of the Kowloon East office project. Adjusted underlying earnings per share amounted to HKD 0.64, down 19% from the year-ago period. The company declared an interim dividend of HKD ...
Underlying
Swire Properties Limited

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Phillip Zhong

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