The Zhitong Finance App learned that Swire Properties (01972) CEO Pang Kwok-bang said at the interim results meeting that in Hong Kong office buildings, the negative rent renewal ratio narrowed in the first half of the year, and he expects it to continue to narrow in the second half of this year. Peng Guobang added that the current occupancy rate of Pacific Place is 98%, and it is expected that the rent renewal adjustment can be corrected next year. Taikoo Place's current occupancy rate is also above 90%, but the rent renewal adjustment is still negative.
On the mainland, he said that the mainland retail mix was strong in the first half of the year. Although performance slowed slightly in July due to weather conditions, the performance was still healthy, and he expressed confidence in the outlook for the rest of the year.
He also mentioned that its retail portfolio is less affected by the public's consumption in the north, and that core customers are still excited and excited about the retail experience.
Swire Properties announced its 2026 interim results. The Group received revenue of HK$9.413 billion, up 8% year on year; basic profit attributable to shareholders was HK$4.9 billion, up 11% year on year; recurring basic profit rose 36% year on year to HK$4.661 billion, and plans to pay an interim dividend of HK$0.37 per share, compared to HK$0.35 per share, up nearly 6% year over year.
Chairman Bai Deli of Swire (00019) (00087) stated at the interim results meeting that Swire Properties will continue to seize opportunities to sell non-core assets. He also said that Swire's Cathay Pacific (00293), HAECO, and Coca Cola all have large-scale investment plans and are investing in core markets such as mainland China, Hong Kong, and Southeast Asia. The Group is at ease with this investment direction and sees no reason to stop investing.
In the performance report, Swire Coca Cola expects raw material prices to remain uncertain over the next 6 months. Swire Coca-Cola President Suwei pointed out that the company purchased raw materials in advance to reduce costs and overall business impact.
Asked whether to reduce his holdings of Cathay Pacific (00293), Chairman Badley of Taikoo said that he is very confident in Cathay Pacific and has invested heavily in Cathay Pacific and will not reduce his holdings.