[ET Net News Agency, 23 July 2024] UBS lowered the target price for Swire Properties
(01972) to HKD17.2 from HKD23.3 and maintained the "buy" rating.
The research house said it lowers price target 26% to reflect (1) 6% lower NAV estimate;
(2) widening NAV discount (from 50% to 60%). (rc)