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Research Report

06/12/2023 14:16

{I-bank focus}BofA upgrades Swire Pacific A (00019) to "buy"

[ET Net News Agency, 6 December 2023] BofA upgraded its rating of Swire Pacific A
(00019) to "buy" from "neutral" with unchanged target prcice of HKD62.
The research house said it expects the surprise HKD6bn share repurchase programme
through May 2024 (8.7% of market cap), announced after market close on Tuesday, to be the
catalyst to narrow its NAV discount and unlock value. (RC)

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