---
title: "Citigroup raises SWIRE PROPERTIES target price to HKD 97.5 with a \"Buy\" rating"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/278973032.md"
description: "Citi raised the target price for SWIRE PACIFIC A to HKD 97.5 and maintained a \"Buy\" rating. It is expected that the earnings per share dividend will grow by 13% in the fiscal year 2025, exceeding the 5% increase in recurring basic profit. Management expressed satisfaction with the dividend policy and anticipates a mid-single-digit growth in future earnings per share dividends. There is room for margin improvement in the beverage business, which plans to achieve this through revenue growth and specific channel packaging. Swire successfully reduced its debt ratio to 20.6%"
datetime: "2026-03-13T02:19:33.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/278973032.md)
  - [en](https://longbridge.com/en/news/278973032.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/278973032.md)
---

# Citigroup raises SWIRE PROPERTIES target price to HKD 97.5 with a "Buy" rating

Citi published a research report indicating that Swire Pacific A (00019.HK) will see a 13% year-on-year increase in its earnings per share dividend for the fiscal year 2025, surpassing the 5% year-on-year growth of recurring underlying profit, reflecting management's satisfaction with its progressive dividend policy. Management expects "future" earnings per share dividends to achieve mid-single-digit growth. They believe there is room for margin improvement in the beverage business and plan to achieve this through revenue growth and targeted packaging for specific channels, as competition from delivery platforms normalizes.

Supported by capital cycle efforts, Swire successfully reduced its debt ratio by 1.5 percentage points year-on-year to 20.6% by the end of 2025, reflecting the latest market value and operational trends of Swire's listed subsidiaries.

The bank raised the target price for Swire Pacific A from HKD 85 to HKD 97.5, maintaining a "Buy" rating

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