HK Stock Market Move | SWIRE PROPERTIES (01972) is still down over 5% in the afternoon; its interim basic net profit increased by 11% year-on-year, and the dividend rose by 6%.

SWIRE PROPERTIES (01972) opened lower under pressure today, with further declines in the afternoon. As of the time of this report, it dropped by 4.83%, trading at HKD 22.84, with a transaction volume of HKD 112 million. In terms of news, SWIRE PROPERTIES released its interim results for the first half of 2026 at noon, reporting revenue of HKD 9.413 billion, an increase of 8% year-on-year; basic profit attributable to shareholders was HKD 4.9 billion, an increase of 11% year-on-year; recurring basic profit increased by 36% year-on-year to HKD 4.661 billion, and the company plans to distribute an interim dividend of HKD 0.37 per share, compared to HKD 0.35 in the same period last year, a nearly 6% increase year-on-year. Citi stated that retail sales in mainland China have significantly outperformed the market, while Hong Kong's retail sales remain healthy. The office occupancy rate at Pacific Place has risen to 98%, overall occupancy at Taikoo Place has climbed to 90%, and the occupancy rate of Tower Two at Taikoo Place has reached 80% for the first time. The net debt ratio stands at 14.8%.