Swire Properties falls on weak HK retail sales

Swire Properties

11/11/2019 04:33

** Shares of Swire Properties Ltd  1972.HK , the mall
operation and property development arm of Swire Pacific Ltd
 0019.HK , fall as much as 4.2% to HK$24, their lowest since
Oct. 29 
    ** Swire Properties says retail sales of its shopping mall
in Hong Kong's Pacific Place fell 11.8% in Jan-Sept period,
Cityplaza eased 0.8%, and Citygate Outlets slid 3.1%, while
malls in China and in the U.S. grew 8.7-72.4% (https://bit.ly/2CxtQpk)
    ** Parent Swire Pacific says Hong Kong protests have
affected retail sales at its shopping malls in Hong Kong, and
reduced airline Cathay Pacific's  0293.HK  passenger traffic
 urn:newsml:reuters.com:*:nFWN27N0HK
    ** Swire Pacific is the biggest shareholder in Cathay
Pacific
    ** Swire Pacific says it no longer expects Cathay Pacific
will achieve better results in the second half of 2019 than the
first half
    ** Stock of Swire Pacific falls as much as 4.5% to HK$73.20,
the lowest since Oct. 31
    ** Shares of Cathay Pacific slide 1.8% to HK$9.98
    ** The Hong Kong benchmark index  .HSI  falls 2.1%

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)