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67549 BP#HSI RC2609P (R BULL)
RT Nominal up0.520 +0.010 (+1.961%)

07/08/2024 15:52

{I-bank focus}HSBC lowers Wharf REIC (01997) to HKD29.4

[ET Net News Agency, 7 August 2024] HSBC Global Research lowered the target price for
Wharf REIC (01997) to HKD29.4 from HKD35 and maintained the "buy" rating.
The research house said it lowers 2024-26e earnings estimates by 4.8-6.3%, mainly to
reflect lower office rental and turnover rent assumptions partly offset by lower finance
costs. (rc)

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