Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
01997 WHARF REIC
RTNominal down22.900 -0.100 (-0.435%)
Others

25/04/2018 14:48

[I-bank focus]Goldman starts Wharf REIC (01997) at HK$65

[ET Net News Agency, 25 April 2018] Goldman Sachs initiated coverage on Wharf REIC
(01997) with a "buy" rating, and a HK$65 target price.
The research house said Wharf REIC, the third-largest listed retail-n focused landlord
globally, is an owner and operator of key mixed-use investment properties in Hong Kong,
with aggregate GAV of HK$283bn and 12mn sq ft GFA of properties. The flagship retail malls
in Hong Kong (Harbour City, Times Square and Hollywood Plaza) account for 62% of GAV and
contributed c.70% to total HK IP revenue in 2017.
Its retail tenant sales together account for 9.2% of total HK retail market sales in
2017, with tenant sales growth outperforming that of the overall market in most of the
time during the past decade.
Goldman modelled a 7% p.a. retail spot rental growth in 2018/2019. (KL)

Back to Others

Remark: Real time quote last updated: 25/04/2024 15:38
  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.