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Swire Pacific ( (HK:0019) ) has provided an update.
Swire Pacific Limited has announced that the Securities and Exchange Commission (SEC) and the Stock Exchange of Thailand (SET) have approved the proposed spin-off and separate listing of Thainamthip Corporation Public Company Limited (TCPCL) on the SET. This move is part of Swire Pacific’s strategy to enhance its market positioning and provide greater value to its shareholders. However, the spin-off is still subject to further approvals and market conditions, and there is no guarantee of its completion.
The most recent analyst rating on (HK:0019) stock is a Buy with a HK$81.00 price target. To see the full list of analyst forecasts on Swire Pacific stock, see the HK:0019 Stock Forecast page.
More about Swire Pacific
Swire Pacific Limited is a Hong Kong-based conglomerate with diversified interests in various industries including property, aviation, beverages, marine services, and trading and industrial sectors. The company is known for its significant presence in the Asia-Pacific region and its focus on sustainable development and long-term value creation.
Average Trading Volume: 960,567
Technical Sentiment Signal: Buy
Current Market Cap: HK$84.44B
For detailed information about 0019 stock, go to TipRanks’ Stock Analysis page.