[ET Net News Agency, 10 March 2021] Citi Research lifted its target price for Wharf
(Holdings) (00004) to HK$21 from HK$20.4 and maintained its "neutral" rating, with a
relatively unattractive 3% yield.
After Wheelock being successfully privatised by the Woo family, the research house sees
Wharf as no longer a privatisation target of Woo in the medium term. That said, Citi
believes the Wharf group will be still busy with corporate actions, while the next one
will be acquiring Wheelock Properties from the Woo family.
Wharf's equity investment portfolio has further expanded by HK$30bn to HK$67bn during
FY2020. Citi sees this HK$67bn portfolio is reserved for a potential acquisition of
Wheelock Properties. (KL)
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00004 WHARF HOLDINGS
Nominal 
25.150 +0.300 (+1.207%) Research Report
10/03/2021 17:51
{I-bank focus}Citi lifts Wharf (Holdings) (00004) to HK$21
| Remark: | Real time quote last updated: 24/04/2024 17:56 |
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