Report
Phillip Zhong

Swire Properties in Discussions to Dispose of Two Cityplaza Office Towers; FVE Unchanged

Swire Properties announced in an exchange filing that it is in discussions for the disposal of two office towers, Cityplaza Three and Cityplaza Four. The market reacted positively to the news, pushing up its share price near 5%. Given the tight office market and recent record en-bloc transactions, Hong Kong landlords have been able to disposal assets into the private market at very attractive valuations. However, such a transaction may also affect the company’s ability to effectively manage near...
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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