Brief: Swire Properties Declared 2022 Interim Dividend Of HK$0.68 Per Share

Swire Properties

09/03/2023 04:14

March 9 (Reuters) - Swire Properties  1972.HK :
    * FY REVENUE HK$13,826 MILLION VERSUS HK$16,318 MILLION
    * DECLARED A SECOND INTERIM DIVIDEND FOR 2022 OF HK$0.68 PER
SHARE
    * OFFICE MARKET IN HONG KONG IS EXPECTED TO REMAIN WEAK IN
2023
    * EXPECT TO SEE SOME STABILITY IN NEAR TERM FOR HONG KONG
RETAIL
MARKET
    * REMAIN CONFIDENT IN LONG‐TERM PROSPECTS FOR HONG KONG
OFFICE
MARKET, AND ANTICIPATE INCREASE IN DEMAND FOR GRADE‐A OFFICE
SPACE
    * ANTICIPATE THAT FOOTFALL AND RETAIL SALES WILL GRADUALLY
IMPROVE
ACROSS OUR HONG KONG MALLS IN 2023
    * LOOKING TO INCREASE THE SCALE OF INVESTMENTS IN THE
CHINESE
MAINLAND
    * REOPENING OF THE BORDER WILL HAVE A POSITIVE IMPACT ON
BUSINESS
& WE EXPECT TO SEE MODERATE TO STRONG DEMAND FROM RETAILERS
    * CHALLENGES STILL LIE AHEAD BUT REMAIN CONFIDENT IN OUR
CORE
MARKETS IN HONG KONG AND THE CHINESE MAINLAND

Further company coverage:  1972.HK 

 ((Reuters.Briefs@thomsonreuters.com;))