HONG KONG ALPHA PORTFOLIO: (September 2026)
We made mid-month changes in the portfolio yesterday. We sold 148, 6185, 3696, 3759, 669 and 2268. We added 322, 2319, 1579, 6186, 9633, 2688,...
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Swire Pacific (19 HK): Synthetic Expert Call Transcript (10 Sep 2026)
Cathay Share Placement and Bond Buyback: Swire Pacific's September 2, 2026 accelerated exchange trade—selling a 5.96% stake in Cathay Pacific...
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On Swire (19 HK)'s 2026 Interim Results. Still Inexpensive
Despite the elevated implied stub, at 0.34x forward P/B, I still like Swire Pac. You could set up the stub or simply go outright long in Swire Pac...
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StubWorld: Swire Accelerates Cathay Exchange. "As" At Multi-Decade Premium To "Bs"
The accelerated exchange is unusual. Perhaps Cathay shares are being placed with EB holders. Pac is elevated on a NAV basis and implied stub. Pac's...
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Swire (19 HK / 87 HK) Announces NEW, Bigger, Better Buyback
Swire Pacific (19 HK, 87 HK) have announced a new bigger, better buyback of HK$6bn (last time was HK$4bn, $3.3bn executed). This should be a...
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