[ET Net News Agency, 18 March 2024] HSBC Global Research lowered the target price for
Wharf Holdings (00004) to HKD19.3 from HKD19.8 and downgraded the rating to "reduce" from
"hold".
The research house said it cuts 2024-25e earnings estimates by 13.0-21.9%, to
incorporate lower sales assumption for China property projects and more cautious
assumptions for logistics business. (RC)