[ET Net News Agency, 17 August 2020] HSBC Global Research cut its target price for The
Wharf Holdings (00004) to HK$16.8 from HK$23.5 and maintained its "buy" rating.
The research house said Wharf's property businesses were interrupted by the COVID-19
pandemic in 1H. The corporate restructuring among the Wharf group of companies also
brought short-term volatility to the share price performance due to an increase in the
public float.
However, HSBC believes business has now largely returned to normal, and the retail
business of the prime malls in mainland China has surpassed the pre-pandemic level since
May. It expects earnings to turn positive in 2H and DPS to grow in 1H 2021. (KL)
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00004 WHARF HOLDINGS
Nominal 
25.100 -0.050 (-0.199%) Others
17/08/2020 15:00
{I-bank focus}HSBC trims Wharf Holdings (00004) to HK$16.8
| Remark: | Real time quote last updated: 25/04/2024 18:00 |
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