[ET Net News Agency, 1 November 2021] Morgan Stanley lowered its target price for Wharf
REIC (01997) to HK$38 from HK$41 and downgraded its rating to "underweight" from
"equal-weight".
The research house said if the border does not reopen, HK retail sales growth could
decelerate to 2% YoY in 1H22. (RC)