Swire Pac is cheap. You could set up the stub here. Swire Props at 0.33x is also inexpensive. But HK IP continues to drag. I'd might be inclined to simply go outright long in Swire Pac here.
What is covered in the Full Insight:
Swire Pacific FY25 Financial Results
Swire Properties Performance and Challenges
Cathay Pacific Financial Update and Share Placement