Swire Pacific Limited provided earnings guidance for the first half of 2020. The company face significant local and global challenges in 2020. The company businesses in Hong Kong and Mainland China are being adversely affected by COVID-19. The effect on Cathay Pacific is particularly severe. The company expects to incur a recurring loss in the first half of 2020. But the company believe that the long-term success of Swire Pacific will reflect continued growth in Mainland China and, despite its current problems, the continued strength of Hong Kong as a major international financial and business centre.