Swire Pacific A (0019)

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(02-01-2014, 08:16 PM)thinknotleft Wrote: I always thought that JSH is cheaper than JMH, as JMH is more well known. Anyway I bought JSH a few days ago. Not for the dividend, but more due to the lower price compared to last year. JSH annual report provide a sum of parts value based on its subsidiaries shr price at a time pt.

In AY12 the value is ard $60 per shr. It wil be lower now, as Jardine companies shr price have fallen across the board.

I am looking at Swire Pacific, similar industry as in conglomerate, but cheaper than Jardines to go longer term. Currently near the 52w low.

19.HK http://www.bloomberg.com/quote/19:HK

The HK listed counter is min 500 shares per trade.
I chose to go the ADR way in US which i am not restricted to min lot size.
Ticker: SWRAY (for the A shares), there is a B shares too. The disadvantage is the dividend is taxed, but i am looking for price increase than the dividend.
About the company
Source: Wikipedia

The Group's businesses
Swire Pacific Limited is listed on the Hong Kong Stock Exchange as Swire Pacific Limited SEHK: 0019 (A-shares) SEHK: 0087 (B-shares).

The Swire Group's core businesses in Hong Kong are held by the publicly quoted Swire Pacific Limited. The Group's core businesses are grouped into:
A. property,
B. aviation,
C. beverages,
D. marine services, and
E. trading and industrial.

A. Properties
Swire Properties,[3] incorporated in 1972, develops and manages commercial, retail and residential properties, with a particular focus on mixed-use development in prime locations at major mass transportation intersections. The Company’s investment portfolio in Hong Kong totals approximately 17.8 million sq ft (approximately 1.66 million sqm)* of gross floor area, with Pacific Place,[4] Island East[5] as its core holdings. In addition to Hong Kong, the Company has a presence in Mainland China, the United States and the United Kingdom. In Mainland China, Swire Properties has a portfolio amounting to approximately 12.9 million sq ft (approximately 1.20 million sqm)*, the majority of which is under construction. The five projects consist of mixed-use developments in Beijing, Shanghai, Guangzhou and Chengdu,[6] with Sanlitun Village[7] and The Opposite House hotel[8] in Beijing being the best-known among them. In 2008, the Company formed Swire Hotels[9] to create and manage urban hotels in Hong Kong, Mainland China and the United Kingdom. * Gross floor area in respect of 100% of the properties excluding car park areas and not on an attributable basis.

B. Aviation
Swire Pacific is the largest shareholder of Cathay Pacific, Hong Kong's largest airline. In July 2013, the group purchased Scottish Biodiesel company Argent Energy (UK)

C. Beverage
Swire is an anchor bottler in the Coca-Cola System. It is the bottler of Coca-Cola and its related products in Hong Kong, Taiwan and most of mainland China, as well as parts of 11 states in the United States, mainly the mountain west region. This territory represents a population of 420 million people.[11]

D. Marine Services
Swire Pacific Offshore Holdings Limited (SPO) is the wholly owned subsidiary of Swire Pacific and charters vessels that support the offshore oil and gas industry worldwide. Swire Pacific Offshore owns a fleet of 69 offshore vessels.[10] The China Navigation Co. Ltd is the deep-sea shipping arm of John Swire & Sons Ltd.

E. Trading & Industrial
A lot more brief on company website

In 2009, Swire Pacific ranks second in Wall Street Journal's Most Admired Company in Hong Kong list,[12] while its associate Cathay Pacific ranks first, meaning that the group's businesses dominate the top two spots of the list.
Factsheet from company

Conglomerates: Hutchison, Jardines and Swire continue to dominate
Nov 17, 2013
By Jennifer Hughes


Please goto site to read.
Actually I am also following both Jardine and Swire group stocks, agree that they are still pretty much dirt cheap particularly the prop segment biz, last few days most of the landlords in HK and also HKland in sg moved up quite a bit and i sold off HKland for a nice sum of profit and looking to buy the conglo JSH or JMH, I browse through some of the conglo, 17.HK New World Development could also be a good target, trading at p/b of 0.5. Swire prop also moved up quite a bit today, best of luck to you and HUAT AH in 2014
Swire Pacific posts record sales and 80 per cent jump in 2018 profit, marking a successful handover of reins to family scion
* Swire Pacific’s 2018 profit was helped by a turnaround in the financial performance of Cathay Pacific Airways and disposals of non-core assets
* Merlin Swire, the sixth-generation descendant of the group’s founder, took over as chairman last July

Sandy Li  
Published: 1:14pm, 14 Mar, 2019

Swire Pacific Limited, the publicly listed arm of one of Asia’s largest conglomerates, reported a year of record sales and the highest profit in three years, marking a successful handover of the two century-old company to the founder’s sixth-generation scion.

The company’s underlying profit, excluding revaluation gains on investment properties, soared to HK$8.52 billion last year, beating the HK$6.84 billion consensus in a Bloomberg poll of four analysts, and setting the highest level since 2015. Sales by the company, also one of the world’s biggest bottlers for Coca-Cola, rose 5 per cent to a record HK$84.6 billion (US$10.78 billion).

The group, which traces its history to Hong Kong in 1816, was helped last year by a turnaround in the financial performance of Cathay Pacific Airways, which returned to profitability after two straight years of losses. Swire also made gains from selling non-core assets, including an office building in Kowloon for HK$6.5 billion, and two office towers in Quarry Bay for HK$15 billion.

“We are well positioned financially to execute the strategic investment plans for our core businesses, and are cautiously optimistic that the positive momentum in the performance of many of our businesses will continue in 2019 ” said Swire Pacific’s chairman Merlin Swire. A sixth-generation descendant of the group’s founder, Swire took over as chairman last July.

The group, whose businesses include aviation, real estate, offshore marine services, said it would pay a final dividend of HK$1.8 per share, up from HK$1.1 per share in 2017.

Cathay Pacific, in which Swire Pacific owns 45 per cent, reported HK$2.3 billion in annual profit last year, reversing from a 2017 loss of HK$1.25 billion. Profit attributable from Cathay Pacific was HK$1.06 billion, compared with a 2017 loss of HK$567 million, Swire Pacific said.

More details in https://www.scmp.com/business/companies/...018-profit
Specuvestor: Asset - Business - Structure.

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