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Swire Properties Ltd (1972.HK)

1972.HK on Hong Kong Stock

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Latest Key Developments (Source: Significant Developments)

Swire Properties says HY net profit was HK$ 14,763 million
Thursday, 17 Aug 2017 12:05am EDT 

Aug 17 (Reuters) - Swire Properties Ltd <1972.HK>::HY net profit HK$ 14,763 million versus HK$5,334 million.HY revenue HK$ 11,525mln versus HK$7,886 million.In the central district of Hong Kong, high occupancy and limited supply will continue to exert upward pressure on office rents.Declared first interim dividend of HK$0.25 per share for the year ending 31st December 2017..Office rents in Guangzhou and Shanghai are expected to be stable in the second half of 2017.Office rents in Beijing are expected to be weak in the second half of 2017.In mainland China, retail sales are expected to grow satisfactorily in second half of 2017 in cities where group has shopping malls."retail rental income in the second half of 2017 is expected to be affected by the continued adjustments to the tenant mix".In U.S.A., retail sales of apparel continue to be weak and have made fashion retailers cautious about expansion.In Hong Kong, rental demand for residential investment properties is expected to be stable in the second half of 2017."In Miami, strength of US dollar against other major currencies has adversely affected demand, in particular from South America..Trading conditions for existing hotels are expected to be stable in the second half of 2017.Hotels in Shanghai are expected to open by the end of 2017."In H22017, property trading profits are expected to be recognised on further sales of units at Whitesands Development in Hong Kong & Miami".  Full Article

Swire Properties HY reported net profit HK$ 5.33 bln vs HK$8.49 bln<1972.HK>
Thursday, 18 Aug 2016 12:01am EDT 

Swire Properties Ltd <1972.HK>: 2016 interim results <1972.HK> . HY reported net profit hk$ 5.33 billion versus hk$8.49 billion year ago . HY revenue hk$ 7.89 billion versus hk$9.39 billion year ago . Demand for office space in Hong Kong is likely to be subdued in the second half of the year . First interim dividend of hk$ 0.23 per share . Fall in retail sales in hong kong has made retailers more cautious . In H2, property trading profits are expected to continue to be recognised on sales of residential units in Miami and in Hong Kong . Residential leasing market is expected to be stable in the second half of 2016." . Hotels are expected to continue to face difficult conditions in the second half of 2016" . Regarding office space, high occupancy in properties is likely to underpin rents .  Full Article

Fitch Affirms Wanda at 'BBB', Maintains Negative Outlook

(The following statement was released by the rating agency) HONG KONG, August 30 (Fitch) Fitch Ratings has affirmed Dalian Wanda Commercial Property Co. Ltd.'s (Wanda) Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB' and the Outlook remains Negative. A full list of rating actions is at the end of this commentary. The rating affirmation reflects Fitch's expectation that Wanda's credit profile will show greater improvement as a result of the group's ongoing execution of its asset-li