Added to YB: 2024-02-23
Pitch date: 2024-02-21
SWRAY [bullish]
Swire Pacific Limited
+15.7%
current return
Author Info
No bio for this author
Company Info
Swire Pacific Limited engages in property, aviation, beverages, marine, and trading and industrial businesses in Hong Kong, Mainland China, Taiwan, rest of Asia, the United States, and internationally.
Market Cap
HKD 85.5B
Pitch Price
HKD 56.78
Price Target
N/A
Dividend
4.87%
EV/EBITDA
11.13
P/E
25.17
EV/Sales
2.74
Sector
Industrial Conglomerates
Category
special_situation
Third Avenue International Real Estate Value Fund Portfolio Holding - Swire Pacific Limited
$SWRAY 80% high-quality HK/China real estate. Sold non-core assets & bought back shares: 22% TSR in '23 vs HSI bear. Sold 12 floors at 3.3% cap for $700M, new buyback at 25% book. 40% returned to shareholders in 18mo while maintaining BVPS. Strong capital allocation, streamlining.
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