CICC: Maintains "outperform" rating on Swire Properties (01972.HK) with a target price of 28.5 Hong Kong dollars.

Zhixin Finance APP learned that CICC has released a research report stating that it maintains its profit forecast for Swire Properties (01972.HK), rating it as "outperforming the industry" with a target price of 28.5 Hong Kong dollars. The bank expects the company's full-year property rental income to maintain unit growth, and ongoing development settlements to contribute substantial profits. However, it also points out that fluctuations in tax expenses and changes in interest capitalization rates will have a certain impact on overall profits.