[ET Net News Agency, 10 January 2020] J.P. Morgan raised its target price for Wheelock
and Company Limited (00020) to HK$57.3 from HK$44.7 and maintained its "neutral" rating.
The research house said Wheelock also has more resilient mass residential exposure, but
40% of the company is expected to be weighted by the expected underperformance of Wharf
REIC (01997). The fact that Wheelock is cleaning up its asset portfolio by raising cash
from Wharf (00004) and Wharf REIC may indicate further group restructuring in the future.
With its negative stub-value, Wheelock is still the preferred play to gain exposure to
Wharf REIC if investors are aiming for a short-term rebound in retail sentiment, JPM
noted. (KL)
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00020 SENSETIME-W
Nominal 
1.190 +0.360 (+43.373%) Others
10/01/2020 11:59
{I-bank focus}JP Morgan lifts Wheelock (00020) to HK$57.3
| Remark: | Real time quote last updated: 26/04/2024 18:00 |
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