Core Viewpoint - Swire Properties A has been actively repurchasing its shares, indicating a strategy to support its stock price amidst recent declines [1] Group 1: Share Buyback Activity - On February 26, Swire Properties A repurchased 410,000 shares at a price range of HKD 65.350 to HKD 66.350, totaling HKD 27.0389 million [1] - Since January 2, the company has conducted share buybacks for 37 consecutive days, acquiring a total of 8.397 million shares with an aggregate amount of HKD 555 million [1] - During this buyback period, the stock has experienced a cumulative decline of 6.67% [1] Group 2: Stock Performance - The stock closed at HKD 65.750 on the day of the latest buyback, reflecting an increase of 1.39% [1] - The total trading volume for the day was HKD 101 million [1]

Summary of Key Points Core Viewpoint - On February 25, 18 Hong Kong-listed companies conducted share buybacks, totaling 17.63 million shares and an aggregate amount of HKD 81.29 million [1][2]. Group 1: Buyback Details - Swire Pacific A repurchased 300,000 shares for HKD 19.46 million, with a highest price of HKD 65.20 and a lowest price of HKD 64.35, accumulating HKD 528 million in buybacks for the year [1][2]. - Bosideng repurchased 5 million shares for HKD 19.05 million, with a highest price of HKD 3.83 and a lowest price of HKD 3.77, accumulating HKD 164 million in buybacks for the year [1][2]. - AAC Technologies repurchased 291,500 shares for HKD 13.86 million, with a highest price of HKD 48.35 and a lowest price of HKD 46.35, accumulating HKD 227 million in buybacks for the year [1][2]. Group 2: Buyback Rankings - The highest buyback amount on February 25 was Swire Pacific A at HKD 19.46 million, followed by Bosideng at HKD 19.05 million [1][2]. - In terms of share quantity, Bosideng led with 5 million shares repurchased, followed by China Eastern Airlines with 250,000 shares and Guoquan with 240,040 shares [1][2].

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 recent decline [1] - On February 20, the company repurchased 311,000 shares at a price range of HKD 63.050 to HKD 64.000, totaling HKD 19.7651 million [1] - Since January 2, the company has conducted share buybacks for 33 consecutive days, acquiring a total of 6.897 million shares for a cumulative amount of HKD 458 million [1] Group 2 - The stock closed at HKD 63.500 on the day of the buyback, with a total trading volume of HKD 77.9122 million [1] - During the buyback period, the stock has experienced a cumulative decline of 9.87% [1]

其间该股累计下跌6.60%。 证券时报•数据宝统计，太古股份公司A在港交所公告显示，2月17日以每股65.200港元至66.300港元的 价格回购32.00万股，回购金额达2107.07万港元。 该股当日收盘价65.800港元，上涨0.92%，全天成交额6738.72万港元。 自1月2日以来公司已连续30日进行回购，合计回购584.60万股，累计回购金额3.92亿港元。 （数据宝） 太古股份公司A回购明细 ...

其间该股累计下跌10.79%。 （数据宝） 太古股份公司A回购明细 该股当日收盘价62.850港元，下跌0.87%，全天成交额2.25亿港元。 自1月2日以来公司已连续27日进行回购，合计回购486.60万股，累计回购金额3.28亿港元。 证券时报•数据宝统计，太古股份公司A在港交所公告显示，2月12日以每股62.650港元至63.500港元的 价格回购29.00万股，回购金额达1831.58万港元。 ...

Group 1 - The core point of the article is that Swire Properties A has been actively repurchasing its shares, indicating a strategy to support its stock price amidst recent declines [1] - On January 27, the company repurchased 90,000 shares at a price range of HKD 68.650 to HKD 69.600, totaling HKD 6.2081 million [1] - The stock closed at HKD 68.700 on the same day, reflecting a slight increase of 0.15% with a total trading volume of HKD 57.6276 million [1] Group 2 - Since January 2, the company has conducted share buybacks for 18 consecutive days, accumulating a total of 2.929 million shares repurchased [1] - The total amount spent on share repurchases has reached HKD 201 million [1] - During this period, the stock has experienced a cumulative decline of 2.48% [1]

Group 1 - The core point of the news is that Swire Properties A has conducted a share buyback, purchasing 100,500 shares at a price range of HKD 69.000 to HKD 70.000, totaling HKD 6.9924 million [1] - On the day of the buyback, the closing price of the stock was HKD 69.550, reflecting a decrease of 1.28% [2] - The total trading volume for the day was HKD 29.5735 million [2]

Financial Performance - The company's profit attributable to shareholders decreased by 7% to HKD 3,914 million for the six months ended June 30, 2024, compared to HKD 4,221 million in the same period last year[6]. - Revenue fell by 23% to HKD 39,563 million, down from HKD 51,544 million year-on-year[6]. - Operating profit decreased by 3% to HKD 4,945 million, compared to HKD 5,079 million in the previous year[6]. - The company's consolidated profit attributable to shareholders for the first half of 2024 was HKD 3.914 billion, compared to HKD 4.221 billion in the same period of 2023, reflecting a decrease of approximately 7.3%[8]. - The recurring basic profit, excluding changes in investment property values, was HKD 5.576 billion for the first half of 2024, slightly down from HKD 5.594 billion in the same period of 2023[8]. - The attributable profit for the first half of 2024 was HKD 1,795 million, down from HKD 2,222 million in the same period of 2023, representing a decrease of 19.2%[19]. - The total profit for the period was HKD 15,044 million, down from HKD 19,208 million, reflecting a decline of 21.3%[97]. - The net profit for the period was HKD 4,579 million, a decrease of 5.9% from HKD 4,867 million in the previous year[97]. Dividends and Earnings Per Share - Basic earnings per share for 'A' shares was HKD 3.90, a slight increase from HKD 3.86 in the previous year[6]. - The company declared an interim dividend of HKD 1.25 per 'A' share, up from HKD 1.20 in the previous year[6]. - The first interim dividend announced for 2024 is HKD 1.25 per 'A' share and HKD 0.25 per 'B' share, compared to HKD 1.20 and HKD 0.24 respectively in 2023[123]. - The total amount of the first interim dividend for 2024 is HKD 1,754 million, slightly up from HKD 1,730 million in 2023[124]. - The basic earnings attributable to shareholders for the six months ended June 30, 2024, were HKD 3,914 million, down from HKD 4,221 million in the same period of 2023, a decrease of 7.3%[125]. Debt and Financial Position - The net debt decreased by 5% to HKD 63,479 million, down from HKD 66,915 million[6]. - The capital net debt ratio (excluding lease liabilities) improved to 19.8%, down from 21.4%[6]. - The total borrowings and bonds as of June 30, 2024, amounted to HKD 80,225 million, an increase from HKD 69,218 million at the end of 2023[81]. - The weighted average debt maturity is 2.8 years, with a weighted average cost of debt at 4.0%[83]. - The total available committed financing as of June 30, 2024, is HKD 119.960 billion, with HKD 39.427 billion undrawn[85]. - The net debt-to-equity ratio is 19.8% as of June 30, 2024, compared to 21.4% in the previous year[89]. - The interest coverage ratio is 4.4 times, down from 4.8 times in the previous year[89]. Investment and Development - The company is committed to a ten-year investment plan of HKD 100 billion, with 65% of the funds allocated to property development projects in core markets as of August 2, 2024[8]. - The company signed an agreement in February 2024 to acquire over 50% of ThaiNamthip Corporation Ltd. for a total consideration of approximately THB 42.657 billion (approximately HKD 9.497 billion)[7]. - The new intelligent green production base in Guangdong, with a total investment of RMB 1.25 billion, officially commenced construction in May 2024, aiming to be the largest green intelligent diversified factory in the domestic market[7]. - The company is actively seeking opportunities to sell assets in the United States as part of its capital recycling strategy[30]. - The company plans to expand its market presence in Southeast Asia, with a revenue contribution of HKD 4,504 million from this region[105]. Sector Performance - The beverage division recorded a recurring profit of HKD 878 million in the first half of 2024, down from HKD 1.627 billion in the same period of 2023, primarily due to the sale of American Swire Coca-Cola[10]. - The property division's recurring basic profit for the first half of 2024 was HKD 2.899 billion, a decrease of 9% compared to HKD 3.188 billion in the first half of 2023[9]. - The hotel business in Hong Kong is recovering slower than expected, while the performance of hotels in mainland China remains relatively stable[22]. - The retail property portfolio in Hong Kong is showing signs of weakness, with efforts to mitigate the negative impacts of changing consumer patterns[22]. - The airline division's passenger flights have reached 80% of pre-pandemic levels in the second quarter of 2024, with ongoing recruitment and training efforts to support network expansion[11]. Market Outlook and Strategy - The company is focusing on sustainable development and expanding its core sectors in Greater China and Southeast Asia[5]. - The company is exploring new business areas, including healthcare, to drive long-term growth[5]. - The group expects stable demand for base maintenance services in the second half of 2024, with ongoing recovery in field maintenance work[13]. - The company anticipates retail demand in mainland China to remain robust despite challenges in the Hong Kong market[13]. - The group aims to reduce carbon intensity by 12% from 2019 levels by 2030, alongside a goal of achieving net-zero carbon emissions by 2050[13].

Financial Performance - The company's profit attributable to shareholders for the first half of 2024 is HKD 3,914 million, a decrease of 7% compared to HKD 4,221 million in the same period last year[6]. - Revenue for the first half of 2024 is HKD 39,563 million, down 23% from HKD 51,544 million in the previous year[6]. - The operating profit for the first half of 2024 is HKD 4,945 million, a decline of 3% from HKD 5,079 million in the same period last year[6]. - The company's cash generated from operations is HKD 5,307 million, a decrease of 26% compared to HKD 7,206 million in the previous year[6]. - The group's consolidated profit attributable to shareholders for the first half of 2024 was HKD 31.914 billion, compared to HKD 42.221 billion in the same period of 2023, reflecting a decrease of approximately 24.4%[9]. - The recurring basic profit attributable to shareholders, excluding changes in investment property values, was HKD 55.776 billion, slightly down from HKD 55.994 billion in the first half of 2023[9]. - The company reported a net profit attributable to shareholders of HKD 543 million for the first half of 2024, down from HKD 651 million in the same period of 2023[61]. - The company reported a profit attributable to shareholders of HKD 597 million for the first half of 2024, including a non-recurring gain of HKD 197 million from the disposal of non-current assets in a joint venture in mainland China[86]. Dividends and Earnings Per Share - The basic earnings per share for 'A' shares is HKD 3.90, an increase of 1% from HKD 3.86 in the previous year[6]. - The interim dividend per share for 'A' shares is HKD 1.25, up 4% from HKD 1.20 in the previous year[6]. - The company declared an interim dividend of HKD 1.25 per 'A' share and HKD 0.25 per 'B' share, representing a 4% increase from the previous interim dividend[14]. - Basic earnings per share for 'A' shares was HKD 2.74, compared to HKD 2.91 in the same period last year, reflecting a decrease of 5.8%[122]. Debt and Financial Position - The net debt is HKD 63,479 million, down 5% from HKD 66,915 million in the previous year[6]. - The capital net debt ratio, excluding lease liabilities, is 19.8%, a decrease of 1.6 percentage points from 21.4% last year[6]. - The company has a strong financial position with available liquid funds of HKD 46.8 billion and a net debt-to-equity ratio of 19.8% as of June 30, 2024[15]. - The total borrowings and debt securities as of June 30, 2024, amounted to HKD 109,723 million, with HKD 30,046 million remaining undrawn[109]. - The weighted average debt maturity decreased to 2.8 years from 3.2 years in 2023, while the weighted average cost of debt increased to 4.0% from 3.8%[111]. - The net debt-to-equity ratio as of June 30, 2024, was 19.8%, a decrease from 21.4% as of December 31, 2023[115]. Sector Performance - The aviation sector continued to drive strong performance, with Cathay Pacific achieving a profit of HKD 36.613 billion in the first half of 2024, compared to HKD 42.668 billion in the same period of 2023[12]. - Swire Properties reported a recurring basic profit of HKD 28.998 billion for the first half of 2024, down 9% from HKD 31.888 billion in the same period of 2023[10]. - Swire Coca-Cola recorded a recurring profit of HKD 8.778 billion in the first half of 2024, a decrease from HKD 16.727 billion in the same period of 2023, primarily due to the sale of Swire Coca-Cola USA[11]. - The beverage segment reported revenues of HKD 17,139 million for the six months ended June 30, 2024, compared to HKD 30,446 million for the same period in 2023, reflecting a decrease of approximately 43%[60]. - The company anticipates challenges in revenue due to sluggish local consumption in mainland China, but stable raw material costs and effective cost management efforts are expected to alleviate profit pressure[66]. Investment and Expansion Plans - The company aims to focus on long-term growth in the Greater China and Southeast Asia regions, with plans to expand into healthcare and other new sectors[3]. - The group has committed 65% of its HKD 100 billion investment plan in property development projects in core markets as of August 2, 2024[8]. - The company plans to invest over HKD 100 billion in the next seven years across fleet, cabin products, digital upgrades, and sustainability initiatives[20]. - The group is focusing on expanding its healthcare services platform and seeking investment opportunities in major urban areas in mainland China and Southeast Asia[20]. - The company has committed HKD 9.39 billion in capital contributions for joint ventures in mainland China[53]. Market Conditions and Challenges - The hotel business in Hong Kong is recovering slower than expected, while performance in mainland China remains relatively stable[30]. - The outlook for the Hong Kong office market remains weak, with rental pressures expected to continue in the second half of 2024[38]. - The company anticipates continued pressure on sales in the second half of 2024 due to ongoing trends of local residents traveling abroad and reduced tourist spending[104]. - The company expects market confidence and sentiment to take time to recover after interest rate hikes, despite a stable outlook for the premium residential property market in Shanghai[57]. Operational Efficiency and Cost Management - The company plans to focus on expanding its market presence and enhancing product offerings in the upcoming quarters[63]. - The company has initiated new strategies for operational efficiency and cost management to improve profitability moving forward[63]. - The company plans to continue its management and operational strategies to enhance revenue growth and control costs effectively[66]. Real Estate and Property Investments - The company has nine residential development projects underway, with four located in Hong Kong and five in other countries including Indonesia and Vietnam[24]. - The company reported a total operating profit from property investment of HKD 4,385 million, up from HKD 4,250 million in the previous year[25]. - The investment property portfolio was valued at HKD 279.54 billion as of June 30, 2024, down from HKD 280.59 billion as of December 31, 2023, reflecting a decline in fair value of investment properties[49]. - The company has successfully completed the acquisition of a 49.895% equity interest in the Yidi Port Phase II project, increasing its stake from 35%[31]. Healthcare Sector Developments - The group completed the acquisition of a controlling stake in Dada Healthcare in April 2024, marking its first major investment in the healthcare sector[13]. - The company reported a loss of HKD 132 million in its healthcare business for the first half of 2024, compared to a loss of HKD 80 million in the same period of 2023[97]. - The company made an investment in Indonesia Healthcare Corporation (IHC) in July 2024, marking its first entry into the Southeast Asian healthcare market[98]. Share Repurchase and Capital Management - The group repurchased 26,380,000 'A' shares and 29,112,500 'B' shares in the first half of 2024, totaling HKD 2.014 billion[14]. - The company repurchased shares amounting to HKD 2,006 million during the six months ended June 30, 2024[107].

】【 大古公司 報 告 股份代號： 'A' 股 00019 'B' 股 00087 畫 三 目 錄 | --- | --- | --- | --- | |-------|--------------------------|---------|-------------------------------------| | | | | | | 2 | 企業宣言 | | 財務報表 | | 4 | 二零二三年表現摘要 | | 獨立核數師報告 | | 5 | 主席報告 | 121 129 | 綜合損益表 | | | | 130 | 綜合其他全面收益表 | | | 管理層論述及分析 | 131 | 綜合財務狀況表 | | 12 | 二零二三年表現評述及展望 | 132 | 綜合現金流量表 | | 62 | 財務評述 | 133 | 綜合權益變動表 | | 72 | 融資 | 134 | 財務報表附註 | | | | 211 | 會計政策 | | | 企業管治及可持續發展 | 214 | 主要附屬公司、合資公司及聯屬公司 | | 82 | 企業管治報告 | 224 | 國泰航空有限公司 — 財務報表節錄 | | 98 ...