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01997 WHARF REIC
RTNominal up21.600 +0.050 (+0.232%)
Research Report

08/03/2024 15:19

{I-bank focus}HSBC lowers Wharf REIC (01997) to HKD36.6

[ET Net News Agency, 8 March 2024] HSBC Global Research lowered the target price for
Wharf REIC (01997) to HKD36.6 from HKD47.4 and maintained the "buy" rating.
The research house said it lowers 2024e-25e earnings estimates by 4.9-8.4%, mainly to
reflect the lower rental projection on Times Square and other office properties in the
portfolio coupled with higher financing expense assumptions. (RC)

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