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<Research>CLSA Lifts SWIRE PACIFIC A's TP to $70; Valuation Still Reasonable
Recommend 7 Positive 5 Negative 4 |
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According to a report from CLSA, SWIRE PACIFIC A (00019.HK) has surged by around 13% over the past month. Investors are concerned about whether this uptrend can continue. Considering the current price's discount to the net asset value (NAV) per share and the dividend yield, the broker estimated that the existing share buyback program will not be extended after it concludes in May 2025, and that the upside potential for the stock price will be limited. However, the broker emphasized that SWIRE PACIFIC A's current valuation remains at a reasonable level, and the likelihood of the company reducing dividends in the future is extremely low. The broker raised its target price for SWIRE PACIFIC A from $67 to $70 and kept the Hold rating unchanged. AAStocks Financial News |
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