The Zhitong Finance App learned that Swire Properties (01972) rose nearly 2%. As of press release, it had risen 1.79% to HK$24.96, with a turnover of HK$25.442,300.

According to the news, Damo released a research report stating that according to JLL data, spot rents for office buildings in Central Hong Kong rose 9.4% in the first nine months of this year. The bank expects strong business performance in Hong Kong and China in the third quarter; Swire Properties' recent redevelopment project at Taikoo Place added value, and the current valuation of the stock is attractive. The bank believes that Swire Properties' stock price will relatively outperform the market in the next 60 days.

Komo recently released a research report saying that looking ahead to the fourth quarter, the driving force of performance on stock prices will weaken, and interest rate expectations and industry segmentation dynamics will become the key. Among the industry segments, the preference is for office buildings in the central district, followed by retail, residential, and office buildings outside the central district, and there are more real estate developers that are optimistic about operating retail leasing businesses than real estate developers.

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