HK's Swire Properties hits record high on talks to sell office towers stake

Swire Properties

11/05/2018 03:15

** Swire Properties  1972.HK  rises as much as 4.5 pct to
all-time high of HK$30
    ** The property arm of conglomerate Swire Pacific Ltd
 0019.HK  says it is in talks to sell its interests in office
towers, Cityplaza Three and Cityplaza Four, on Hong Kong island
 urn:newsml:reuters.com:*:nFWN1SH0FP
    ** As of 0204 GMT, about 1.51 mln shares change hands,
compared with 30-day moving average volume of 1.87 mln
    ** Among the 15 analysts that cover Swire Properties, the
current average rating on the shares is "buy"; the breakdown of
recommendations is 14 "strong buy" or "buy", one "hold". The
analysts' mean price target is HK$31.8.
    ** Stocks of Swire Pacific gain 1.2 pct
    ** Benchmark index  .HSI  rises 0.8 pct

 (RM: donny.kwok.thomsonreuters.com@reuters.net)