Citi has released a research report stating that SWIRE PACIFIC A (00019) is still reasonably valued at its current price, and with the company's likelihood of reducing dividends in the future being extremely low, they are raising the Target Price from HKD 67 to HKD 70 while maintaining a "Hold" rating. They predict that the dividend ROI will reach approximately 5.4% by 2025.

The report states that SWIRE PACIFIC A's stock price has increased by about 13% over the past month, and investors are concerned about whether this upward trend can continue. Considering the current price corresponding to the net asset value (NAV) discount per share and the dividend ROI, Citi believes that the existing share buyback plan will not be extended beyond May of next year, and does not see much upward potential for the stock price.