|Day's Range||66.40 - 67.30|
|52 Week Range||41.20 - 69.95|
|PE Ratio (TTM)||9.41|
|Dividend & Yield||0.28 (3.23%)|
|1y Target Est||N/A|
Swire Pacific owns some of the most iconic brands in Hong Kong but investors may be better off backing rival conglomerates Wharf Holdings and CK Hutchison. Swire Pacific (19.HK) is the parent company of Cathay Pacific Airways (293.HK) and Swire Properties (1972.HK). Swire Pacific suffered a 45% plunge in earnings last year as its aviation business swung to a loss.
Wharf Holdings (4.Hong Kong) soared 8.5% to 67.90 Hong Kong dollars a share after the Hong Kong landlord said it would conduct a strategic review and consider listing its investment assets to unlock the conglomerate's value. Wharf said that a year-long strategic review has already led the Group to exit the Communications, Media & Entertainment segment, and the company has started a study to "consider the pros and cons of listing some of the Group's IP assets under a separate entity by way of distribution in specie to Wharf shareholders." Before today's open, Wharf was trading at a good 45% discount to its net asset value.
Hong Kong tycoon Peter Woo's Wharf Holdings Ltd has agreed to sell its telecom business to a consortium of private equity firms TPG Capital Management LP and MBK Partners Inc for HK$9.5 billion , the company ...