[ET Net News Agency, 11 August 2021] HSBC Global Research lowered its target price for
Wharf Holdings (00004) to HK$22.8 from HK$23.9 and maintained its "reduce" rating.
The research house said it lowers its FY21-23e earnings estimates 4%-48%, mainly to
incorporate the impairment provision in 2021e and lower sales assumptions for the mainland
China property development business in 2021-23e. (RC)