Citi: Maintains Swire Properties (01972.HK) "Buy" rating and HK$29 target price; Q3 operating data sends positive signals

Citi released a research report stating that it maintains a "Buy" rating and a target price of HK$29 for Swire Properties (01972.HK). The bank believes that the company's Q3 2026 operating report released positive signals: office rents at Pacific Place rose further, office occupancy remained stable, and sales performance at retail malls in the mainland and Hong Kong was generally better than the overall level of their respective markets, which is conducive to supporting the company's earnings recovery and its prospects for rental profit, cash flow, and dividend per share growth.