Swire a declines 1.24% to increase its rating to 83 Hong Kong dollar

Swire A (00019-HK) is now down 1.24%, at HK $71.95, for a deal of HK $52.7757 million, which is now winning the big city, with the index falling 2.41%. Morgan Stanley raised its rating from neutral to overweight, while also raising its target price from HK $45 to HK $83, based on better than expected oil prices, real estate price/rent expectations in Hong Kong.　　The bank said it was bullish in the medium term, reflecting the fundamental improvement in the office market, Swire's quality portfolio and its history of value-added disposal. Morgan Stanley also said the unit did not respond to 00293-HK's normalization of profits and the smooth advance of its investment in real estate in the mainland. But the risk of a weak passenger income, the risk of a flu pandemic, and the risks of direct flights between mainland China and Taiwan indicate that it is premature to call Cathay.