HK's Swire Pacific set for best day in 7 months on profit surge

Swire Properties

10/03/2022 06:26

** Shares of Swire Pacific Ltd  0019.HK  surge as much as 7%
to HK$45.20, set for their biggest daily percentage climb since
Aug 13, if gains hold
    ** Stock hits the highest since Feb 24; the biggest
percentage gainer in Hang Seng Composite Index  .HSCIC , which
tracks conglomerates     
    ** The property-to-aviation conglomerate says its 2021 net
profit amounted to HK$3.364 bln ($430.20 mln), versus HK$10.999
bln loss in 2020, with revenue increasing 15% to HK$92.403 bln
 urn:newsml:reuters.com:*:nFWN2VC18X
    ** Its real estate unit Swire Properties  1972.HK , which
posted a 74% jump in reported profit attributable to
shareholders in 2021, rises 2.8%  urn:newsml:reuters.com:*:nFWN2VC16M 
    ** Hang Seng Commerce & Industry Index  .HSNC  gains 0.2%
and Hang Seng Composite Index, which tracks conglomerates
 .HSCIC , surges 2.2%
    ** The Hang Seng Composite Index  .HSCI  rises 1% and the
benchmark Hang Seng Index  .HSI  gains 0.8%

    ($1 = 7.8196 Hong Kong dollars)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))