[ET Net News Agency, 3 June 2024] Jefferies lowered the target price for Wharf REIC
(01997) to HKD24 from HKD30 and downgraded the rating to "hold" from "buy".
The research house said with more evidence emerging that the luxury weakness in China is
spilling over into HK, it cuts FY24 DPU to 8% below cons and downgrades the stock to
"hold". (rc)