Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
00004 WHARF HOLDINGS
RTNominal down19.000 -0.540 (-2.764%)
Others

17/11/2017 15:01

[I-bank focus]Citi lowers Wharf (Holdings) (00004) to HK$41

[ET Net News Agency, 17 November 2017] Citi Research lowered its target price for Wharf
(Holdings) (00004) to HK$41 from HK$100, and maintained its "buy" rating.
The research house reiterated its view that after spinning off Wharf REIC (01997) for
separate listing on 23 November, the remaining Wharf Group could become a privatization
candidate of Wheelock (00020) in a potential step 2 reorganization.
Citi said Wharf's new business strategies significantly overlap Wheelock's, with both
focusing on HK development properties. Given that Wharf now has a much smaller market cap
post distribution of Wharf REIC, it thinks it would be easier for Wheelock to take it
private and make the combined Wheelock-Wharf Group a developer of HK and China properties.
On rising privatization expectations, Citi believes Wharf will trade at a narrower NAV
discount. (KL)

Remark: Real time quote last updated: 19/09/2024 17:59
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2024 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.