[ET Net News Agency, 22 February 2021] Credit Suisse lifted its target price for Wharf
REIT (01997) to HK$45.3 from HK$27.5 and maintained its "neutral" rating.
The research house said Wharf REIC's share price significantly outperformed its peers in
the past three months, mainly driven by the rising expectation of post-COVID recovery
after the encouraging vaccine progress.
Thanks to the low base impact, the decline in HK retail sales has been narrowed to 9% in
4Q 2020. Due to the lack of tourist arrivals, local consumption showed a steady
improvement from September 2020.
With the one-year restriction on cross-border activities dragging down luxury sales by
53.9% in 2020, Credit Suisse expects re-opening of the border will lead to a strong
rebound in luxury sales in HK. (KL)
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01997 WHARF REIC
Nominal 
23.350 +0.600 (+2.637%) Research Report
22/02/2021 17:49
{I-bank focus}Credit Suisse lifts Wharf REIT to HK$45.3
| Remark: | Real time quote last updated: 23/04/2024 17:59 |
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