Company Market Research Report: Swire Pacific Limited
Company Overview
Name
Swire Pacific Limited
Mission of the Company
Swire Pacific aims to deliver sustainable growth in shareholder value through sound returns on equity over the long term, and to return value to shareholders through sustainable growth in ordinary dividends.
Founding
- Founded: 1816 by John Swire
- Key Historical Milestones:
- 1847: Business inherited by John Samuel Swire and William Hudson Swire, renamed John Swire & Sons.
- 1866: Established Butterfield & Swire in Shanghai.
- 1907: Opened Taikoo Dockyard in Hong Kong.
- 1946: Cathay Pacific Airways registered in Hong Kong.
Key People
- Guy Bradley, JP: Chairman since August 2021
- David Cogman: Director since August 2017
- Patrick Healy: Director since August 2021
- Martin Murray: Finance Director since April 2021
Headquarters
- 33/F, One Pacific Place, 88 Queensway, HKSAR, China
Number of Employees
- 2024 target: 29,000 employees
Revenue
- 2023: HK$94,823M
Key Attributes
- Swire Pacific is known for its diversified portfolio across Property, Beverages, Aviation, Healthcare, Trading, and Industrial sectors.
- Committed to sustainable development through the SwireTHRIVE initiative.
Products
Property
- Investment Properties: Located in Hong Kong, Chinese Mainland, and the USA. Includes Pacific Place, Taikoo Place, Cityplaza, and other major developments.
- Hotel Investment: Manages multiple hotels through Swire Hotels, including The Upper House and EAST Hong Kong.
- Property Trading: Engages in residential developments such as EIGHT STAR STREET in Hong Kong.
Beverages
- Swire Coca-Cola: Exclusive right to manufacture, market, and distribute Coca-Cola products across 11 provinces in China, Hong Kong SAR, Taiwan, Vietnam, Cambodia, and recently expanded to Thailand and Laos.
Aviation
- Cathay Pacific Airways: A leading international airline with a strong presence in Asia.
- HAECO Group: One of the world’s largest independent MRO service providers.
Healthcare
- Columbia China Healthcare: Owns and operates private hospitals and senior housing.
- DeltaHealth: Specializes in cardiovascular care on the Chinese Mainland.
- Indonesia Healthcare Corporation: Includes 36 majority-owned hospitals and 66 clinics in Indonesia.
Trading & Industrial
- Swire Resources: Retail and distribution of sports and lifestyle products across Hong Kong SAR, Chinese Mainland, and Macau SAR.
- Taikoo Motors: Distributes international passenger cars and commercial vehicles in Taiwan and Hong Kong.
- Swire Foods: Manages food manufacturing and distribution, including Chongqing New Qinyuan Bakery.
- Swire Environmental Services: Provides waste management services in Hong Kong.
Recent Developments
New Products Launched
- Cathay Pacific:
- All-new Aria Suite, Premium Economy, and refreshed Economy products on the Boeing 777-300ER launching later in 2024.
- New First class product on 777-9 aircraft scheduled for 2025.
- New cabin product on A330 aircraft in 2026.
- Complimentary Wi-Fi for Business class customers and Diamond members.
New Features Added
- Cathay Pacific: Launching newly designed flagship lounges in Hong Kong, Beijing, and New York over the next three years.
New Partnerships
- Swire Properties:
- Announced joint venture with the Lujiazui Group to develop Lujiazui Taikoo Yuan in Shanghai.
- Partnering with local developer City Realty Co. Ltd for a super-luxury condominium project in Bangkok.
Major Investments
- Cathay Group: Committed over HK$100 billion towards fleet expansion, cabin and product enhancements, airport lounges, and sustainability initiatives.
Financial Performance (2024)
- Recurring Underlying Profit: HK$4,762M
- Dividend per 'A' Share: HK$1.25
- Net Assets (as of 30 June 2024): HK$321.1B
Key Business Segments
Property
- Develops, owns, and operates mixed-use properties, focusing on commercial retail, office space, and residential developments.
Beverages
- Bottling and distribution partner for Coca-Cola products, with operations across Asia.
Aviation
- Ownership stakes in airlines and aviation services, including Cathay Pacific and HAECO.
Healthcare
- Investments in healthcare facilities and services in China and Southeast Asia.
Trading & Industrial
- Diverse interests including retail, automotive distribution, food manufacturing, and environmental services.
This information includes key points from the current available data. Any fields not mentioned here were labeled as "No information is available".