Elevator Pitch
I maintain a Neutral rating for Hong Kong-listed property company Swire Properties Limited (OTCPK:SWPFF) (OTCPK:SWROY) [1972:HK].
This is an update of my prior article on Swire Properties published on March 30, 2020. Swire Properties' share price has declined by -3% from HK$21.00 as of March 27, 2020 to HK$20.40 as of September 10, 2020, since my last update. Swire Properties trades at 0.42 times P/B, and it offers a consensus forward FY 2021 dividend yield of 4.5%.
Swire Properties' interim dividend per share increased +3% YoY to HK$0.30 in