Summary of Key Points Core Viewpoint - Swire Properties A has been actively repurchasing its shares, indicating a strategy to support its stock price amidst recent declines [2][3]. Share Buyback Activity - The company repurchased 210,000 shares on April 29 at prices ranging from HKD 65.700 to HKD 66.750, totaling HKD 13.9023 million [2]. - Since March 13, the company has conducted buybacks for 31 consecutive days, acquiring a total of 10.9975 million shares for a cumulative amount of HKD 733 million [2]. - The stock has experienced a cumulative decline of 6.73% during this buyback period [2]. Year-to-Date Buyback Summary - Year-to-date, Swire Properties A has completed 76 buyback transactions, acquiring a total of 22.298 million shares for a total expenditure of HKD 1.482 billion [3]. - The buyback details include various dates, share quantities, and price ranges, reflecting a consistent effort to stabilize the stock price [3][4][5].

Financial Performance - The company's return on equity decreased to 1.6% in 2024 from 11.0% in 2023, a decline of 9.4 percentage points[14]. - The total profit attributable to shareholders fell to HKD 4,321 million in 2024, down 85% from HKD 28,853 million in 2023[14]. - Revenue decreased by 14% to HKD 81,969 million in 2024, compared to HKD 94,823 million in 2023[14]. - The basic earnings per share for 'A' shares dropped to HKD 3.06 in 2024, an 85% decrease from HKD 19.96 in 2023[14]. - The net debt increased by 28% to HKD 70,563 million in 2024, up from HKD 55,136 million in 2023[14]. - The consolidated profit attributable to shareholders for 2024 was HKD 43.21 billion, down from HKD 288.53 billion in 2023[16]. - The basic profit attributable to shareholders, excluding losses from fair value changes of investment properties, was HKD 10.47 billion in 2024, compared to HKD 36.17 billion in 2023[16]. - The recurring basic profit, excluding fair value changes and significant non-recurring items, was HKD 9.28 billion in 2024, down from HKD 10.44 billion in 2023[16]. - The operating cash flow from operations was HKD 12,580 million in 2024, a decrease of 13% from HKD 14,479 million in 2023[14]. - The company reported a total operating profit of HKD 1,716 million for 2024, significantly down from HKD 5,141 million in 2023, a decline of 66.66%[76]. - The basic profit attributable to shareholders for 2024 is HKD 6,713 million, compared to HKD 11,531 million in 2023, a decrease of 41.56%[77]. - The investment property fair value loss for 2024 is HKD 5,974 million, compared to HKD 2,860 million in 2023, indicating a significant increase in losses[76]. - The recurring basic profit for 2024, excluding asset sale profits, was HKD 5.727 billion, down from HKD 5.942 billion in 2023[99]. - The rental income from the Hong Kong office property portfolio for 2024 was HKD 5.109 billion, a decrease of 7% compared to 2023, with a rental occupancy rate of 89% as of December 31, 2024[106]. Dividends and Share Buybacks - The company reported a 70% reduction in the 'A' share dividend to HKD 3.35 in 2024, down from HKD 11.32 in 2023[14]. - The board announced a second interim dividend of HKD 2.10 per 'A' share and HKD 0.42 per 'B' share, resulting in a total annual dividend of HKD 3.35 per 'A' share and HKD 0.67 per 'B' share, a 5% increase from 2023[29]. - The group plans to continue its share buyback program with a maximum amount of HKD 6 billion, having repurchased 50,091,000 'A' shares and 54,547,500 'B' shares in 2024[29]. Sustainability and Environmental Impact - The greenhouse gas emissions from direct business operations decreased by 11% to 645 thousand tons of CO2 equivalent in 2024[15]. - Swire Coca-Cola utilized 42% renewable energy in its major operations by the end of 2024, with all eight bottling plants in mainland China using 100% renewable energy[32]. - The group continues to focus on sustainable development through its SwireTHRIVE strategy, achieving recognition in various sustainability indices[31]. - The company aims to achieve its sustainability goals by 2030, integrating these objectives into its business planning and decision-making processes[189]. Business Expansion and Investments - The company aims to expand its business in healthcare, particularly in major urban areas in mainland China and Southeast Asia[13]. - Swire Properties has committed approximately 67% of its HKD 100 billion investment plan, with HKD 50 billion allocated for major retail-led projects in mainland China[19]. - The company is focusing on a HKD 100 billion investment plan, particularly in the Greater Bay Area, to enhance shareholder value by 2025[33]. - The company plans to expand its hotel management business into Tokyo, Japan, and several cities in mainland China, including Beijing, Shenzhen, Shanghai, and Xi'an[62]. - The company is also expanding its residential property transactions in Hong Kong, mainland China, Miami, and Southeast Asia[103]. Market Conditions and Outlook - The Hong Kong office market is expected to remain weak, but the company's properties like Taikoo Place and Taikoo Square are well-positioned for recovery[33]. - Retail sales growth in mainland China is anticipated to accelerate due to improved domestic demand and recent economic stimulus measures[33]. - The hotel business outlook in Hong Kong is cautiously optimistic, depending on the recovery of international and business travelers[169]. - The overall market sentiment for residential properties in Hong Kong has slightly improved due to interest rate cuts, indicating signs of slow recovery[86]. - The residential market in Hong Kong is seeing increased sales due to interest rate cuts, with expectations for improved demand in the medium to long term[168]. Operational Performance - The overall performance of Swire Coca-Cola remained robust in 2024 despite industry and economic challenges faced by Swire Properties[23]. - Swire Coca-Cola recorded a recurring profit of HKD 1.388 billion in 2024, down from HKD 2.394 billion in 2023, with a 20% increase in recurring profit when excluding the impact of the sale of US Swire Coca-Cola[25]. - The recurring profit from mainland China operations increased by 11% due to revenue growth and lower raw material costs[26]. - The company produced and distributed 41 beverage brands in its operating regions, while the U.S. Swire Coca-Cola managed 36 beverage brands with a population coverage of 31.5 million[176]. Acquisitions and Joint Ventures - Swire Coca-Cola agreed to acquire over 55.6% of ThaiNamthip Corporation for approximately THB 42.61 billion (about HKD 9.47 billion) in two phases, completing the first phase in February 2024[21]. - The group completed the acquisition of a controlling stake in Dada Healthcare in April 2024, marking its first major investment in the healthcare sector[28]. - Swire Properties increased its stake in Beijing Taikoo Li from 35% to 49.895% through a transaction valued at approximately RMB 8.91 billion and RMB 29.84 billion[105]. - The company completed the acquisition of the remaining 30% of LCCB's issued share capital by December 27, 2024, further consolidating its market position[175]. Property Development and Projects - Swire Properties is set to complete the redevelopment of Taikoo Place in November 2024, marking a significant milestone in its flagship commercial development[19]. - The total area of completed properties in Hong Kong is 13.4 million square feet, slightly up from 13.2 million square feet in 2023[74]. - The total area of the upcoming Xi'an Taikoo Li project is projected to be 2,896,119 square feet, pending approval[136]. - The total area of the Chengdu Taikoo Li shopping center is 1,314,237 square feet, with additional developments in the Lujiazui area totaling 1,539,252 square feet[135]. - The total area of the Beijing East Corner office project under development is 2,809,103 square feet[127]. Retail Performance - Retail sales in mainland China decreased by 7% in 2024, but increased by 55% compared to 2019 pre-pandemic levels[111]. - Total rental income from retail properties in mainland China increased by 7% to HKD 4.4889 billion in 2024, with a 4% increase excluding currency fluctuations[112]. - Beijing Sanlitun Taikoo Li recorded a record rental income increase of 12% in 2024, with a rental rate of 98% as of December 31, 2024[113]. - The retail property rental income in Hong Kong for 2024 was HKD 2.369 billion, down 3% from 2023, with overall retail sales in the Hong Kong market declining by 7%[108].

Group 1 - On March 19, 14 Hong Kong-listed companies conducted share buybacks, totaling 5.0381 million shares and an amount of 88.7304 million HKD [1] - The company Swire Properties A repurchased 550,000 shares for 38.3268 million HKD, with a highest price of 69.900 HKD and a lowest price of 69.000 HKD, accumulating a total buyback amount of 941 million HKD for the year [1][2] - Samsonite repurchased 1.9161 million shares for 36.3028 million HKD, with a highest price of 19.100 HKD and a lowest price of 18.820 HKD, accumulating a total buyback amount of 234 million HKD for the year [1] - J&T Express-W repurchased 640,000 shares for 3.8959 million HKD, with a highest price of 6.140 HKD and a lowest price of 6.020 HKD, accumulating a total buyback amount of 52.3266 million HKD for the year [1] Group 2 - The highest buyback amount on March 19 was from Swire Properties A at 38.3268 million HKD, followed by Samsonite at 36.3028 million HKD [1] - In terms of share quantity, Samsonite had the highest buyback volume on March 19 with 1.9161 million shares, followed by J&T Express-W with 640,000 shares and Swire Properties A with 550,000 shares [1]

Group 1 - The core point of the article is that Swire Pacific Company A has been actively repurchasing its shares, indicating a strategy to support its stock price amidst recent declines [1] - On March 19, the company repurchased 550,000 shares at a price range of HKD 69.000 to HKD 69.900, totaling HKD 38.3268 million [1] - The stock closed at HKD 69.550 on the same day, reflecting a slight decrease of 0.22% with a total trading volume of HKD 1.42 billion [1] Group 2 - Since March 13, the company has conducted share buybacks for five consecutive days, accumulating a total of 2.781 million shares repurchased and a total expenditure of HKD 192 million [1] - During this period, the stock has experienced a cumulative decline of 4.99% [1] - Year-to-date, the company has executed 50 buyback transactions, repurchasing a total of 14.0815 million shares for a total amount of HKD 941 million [1]

Group 1 - On March 17, 13 Hong Kong-listed companies conducted share buybacks, totaling 8.0448 million shares and an amount of 107 million HKD [1][2] - Swire Pacific A repurchased 566,000 shares for 38.5918 million HKD, with a highest price of 69.200 HKD and a lowest price of 67.450 HKD, accumulating a total buyback amount of 863 million HKD for the year [1][2] - Samsonite repurchased 1.8222 million shares for 34.9626 million HKD, with a highest price of 19.440 HKD and a lowest price of 18.880 HKD, accumulating a total buyback amount of 160 million HKD for the year [1][2] Group 2 - Swire Properties repurchased 600,000 shares for 10.1519 million HKD, with a highest price of 17.000 HKD and a lowest price of 16.820 HKD, accumulating a total buyback amount of 453 million HKD for the year [1][2] - The highest buyback amount on March 17 was from Swire Pacific A at 38.5918 million HKD, followed by Samsonite at 34.9626 million HKD [1][2] - The largest number of shares repurchased on March 17 was by Pacific Basin Shipping, with a buyback of 2.505 million shares, followed by Samsonite and Sinopec Engineering with 1.8222 million shares and 101,500 shares respectively [1][2]

Swire Pacific (00019) H2 2024 Earnings Call March 13, 2025 12:35 PM ET Company Participants Guy Bradley - Executive ChairmanMartin Murray - Executive Director - FinanceKaren So - Managing Director of Swire Coca-ColaRaymond Liu - DirectorJohn Lam - Managing Director Conference Call Participants None - AnalystPraveen Choudhary - Analyst Operator twenty twenty four annual results analyst briefing. Joining us at the briefing today are mister Guy Bradley, chairman of Sky Pacific, mister Martin Murray, finance di ...

Financial Performance - The company's equity return decreased to 1.6% in 2024 from 11.0% in 2023, a decline of 9.4 percentage points[4]. - The basic profit attributable to shareholders fell by 85% to HKD 4,321 million in 2024 from HKD 28,853 million in 2023[4]. - Revenue decreased by 14% to HKD 81,969 million in 2024 compared to HKD 94,823 million in 2023[4]. - The group reported a loss attributable to shareholders of HKD 751 million, compared to a profit of HKD 2,599 million in 2023[49]. - Basic profit attributable to shareholders was HKD 6,713 million, down 41.5% from HKD 11,531 million in 2023[49]. - The total revenue decreased by 27% to HKD 37.932 billion, with a volume decline of 7% to 1.796 billion standard cases[134]. - The company recorded a profit attributable to shareholders of HKD 2.039 billion in 2024, including non-recurring income of HKD 650 million[133]. - The operating profit for Cathay Pacific Group was HKD 40 million in 2024, a decrease of 82.1% from HKD 224 million in 2023[160]. Debt and Liquidity - The net debt increased by 28% to HKD 70,563 million in 2024 from HKD 55,136 million in 2023[4]. - The group maintained a strong financial position with available liquidity of HKD 43.1 billion and a net debt-to-capital ratio of 22.1% as of the end of 2024[30]. Dividends and Shareholder Returns - The company reported a 70% reduction in 'A' share dividends to HKD 3.35 in 2024 from HKD 11.32 in 2023[4]. - The board announced a progressive dividend policy, with total dividends for 2024 amounting to HKD 3.35 per 'A' share, a 5% increase from 2023[29]. Investment and Expansion Plans - The company plans to continue seeking investment opportunities in the private healthcare sector, particularly in major urban areas in mainland China and Southeast Asia[12]. - Swire Properties has committed approximately 67% of its HKD 100 billion investment plan, with HKD 50 billion allocated for major retail-led projects in mainland China[17]. - The group plans to launch its first residential development project in Shanghai, with strong sales performance reported[19]. - Swire Properties plans to continue its HKD 100 billion investment program, focusing on core markets and expanding business opportunities, particularly in the Greater Bay Area[34]. - The company is expanding its hotel management business into Tokyo and several cities in mainland China, including Beijing and Shenzhen[39]. Operational Performance - Cathay Pacific and its subsidiaries operated a total of 236 aircraft by the end of 2024, providing passenger services to 88 destinations globally[12]. - Cathay Pacific Group achieved a profit of HKD 9.89 billion in 2024, including special income of HKD 750 million, compared to HKD 9.79 billion in 2023, driven by strong travel demand and cargo performance[26]. - The group completed the acquisition of a controlling stake in Dada Healthcare in April 2024, marking its first major investment in the healthcare sector[28]. Sustainability and Environmental Impact - The company's sustainable development performance showed a 12% reduction in greenhouse gas emissions to 638 thousand tons in 2024 from 723 thousand tons in 2023[4]. - Swire Coca-Cola utilized 42% renewable energy in its major operations by the end of 2024, with all eight bottling plants in mainland China using 100% renewable energy[33]. - The company has set sustainability goals for 2030, integrating them into its business planning[126]. Market Conditions and Challenges - The Hong Kong office market is expected to remain weak, but Swire's office portfolio in Taikoo Place is well-positioned for recovery[34]. - The hotel business in Hong Kong is recovering slower than expected, while the performance of hotels in mainland China remains stable[60]. - The competitive landscape in Thailand and Laos remains challenging, with potential adverse financial impacts from further sugar tax legislation[151]. Revenue and Profitability by Segment - In 2024, the beverage segment reported revenues of HKD 36,609 million, a decrease of 29.3% from HKD 51,844 million in 2023[127]. - The hotel segment reported an operating loss of HKD 154 million, compared to a loss of HKD 103 million in 2023[46]. - The recurring basic profit attributable to the property investment segment decreased to HKD 5.727 billion in 2024 from HKD 5.942 billion in 2023, reflecting a decline in rental income from Hong Kong office properties[60]. Employee and Workforce - The company employs over 87,000 people globally, with more than 40,000 in Hong Kong and over 36,000 in mainland China[13]. - The group employed over 30,100 staff as of December 31, 2024, with approximately 84% based in Hong Kong[155].

Core Viewpoint - On March 3, 11 Hong Kong-listed companies conducted share buybacks totaling 8.8395 million shares, with a total buyback amount of 62.163 million HKD [1] Group 1: Buyback Details - Swire Pacific Company A repurchased 335,000 shares for 21.9503 million HKD, with a highest price of 66.000 HKD and a lowest price of 65.150 HKD, accumulating a total buyback amount of 630 million HKD for the year [1] - Bosideng repurchased 4 million shares for 14.80 million HKD, with a highest price of 3.700 HKD, accumulating a total buyback amount of 192 million HKD for the year [1] - Swire Properties repurchased 600,000 shares for 9.3573 million HKD, with a highest price of 15.780 HKD and a lowest price of 15.440 HKD, accumulating a total buyback amount of 361 million HKD for the year [1] Group 2: Buyback Rankings - The highest buyback amount on March 3 was Swire Pacific Company A at 21.9503 million HKD, followed by Bosideng at 14.80 million HKD [1] - In terms of buyback quantity, Bosideng led with 4 million shares, followed by Maple Leaf Education and Jieli Trading with 1.64 million shares and 852,000 shares respectively [1]

Group 1 - The core point of the article is that Swire Pacific Company A has been actively repurchasing its shares, indicating a strategy to support its stock price amidst a decline [1] - On February 28, the company repurchased 440,000 shares at a price range of HKD 64.100 to HKD 64.950, totaling HKD 28.4249 million [1] - The stock closed at HKD 64.550 on the same day, reflecting a decrease of 1.15%, with a total trading volume of HKD 224 million [1] Group 2 - Since January 2, the company has conducted share buybacks for 39 consecutive days, accumulating a total of 9.2175 million shares repurchased [1] - The total amount spent on share repurchases has reached HKD 609 million [1] - During this period, the stock has experienced a cumulative decline of 8.37% [1]

Summary of Key Points Core Viewpoint - On February 27, 13 Hong Kong-listed companies conducted share buybacks, totaling 6.1571 million shares and an aggregate amount of 58.7722 million HKD [1][2]. Group 1: Buyback Details - Swire Pacific A repurchased 380,500 shares for 24.8841 million HKD, with a highest price of 65.900 HKD and a lowest price of 65.000 HKD, accumulating a total buyback amount of 580 million HKD for the year [1][2]. - AAC Technologies repurchased 330,500 shares for 15.6365 million HKD, with a highest price of 48.700 HKD and a lowest price of 46.550 HKD, accumulating a total buyback amount of 253 million HKD for the year [1][2]. - Swire Properties repurchased 600,000 shares for 9.3511 million HKD, with a highest price of 15.680 HKD and a lowest price of 15.480 HKD, accumulating a total buyback amount of 343 million HKD for the year [1][2]. Group 2: Buyback Rankings - The highest buyback amount on February 27 was Swire Pacific A at 24.8841 million HKD, followed by AAC Technologies at 15.6365 million HKD, and Swire Properties among the top [1][2]. - In terms of share quantity, Maple Leaf Education had the highest buyback volume with 1.588 million shares, followed by HYPEBEAST and Jieli Trading with 1.0472 million shares and 728,000 shares respectively [1][2].