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WHARF HOLDINGS: Annual Report 2024
WHARF HOLDINGS (00004): Confiscation of unclaimed second interim dividend for 2018.
WHARF HOLDINGS (00004) announced that the Board of Directors informs the Company's Shareholders that on March 7, 2019, a dividend was declared for each...
DBS Bank: Maintains WHARF HOLDINGS "Buy" rating with a Target Price of 24.9 HKD.
DBS released a Research Report stating that WHARF HOLDINGS (00004) maintains a "Buy" rating with a Target Price of HKD 24.9. The bank mentioned that WHARF HOLDINGS' basic profits last year fell by 22% year-on-year to HKD 2.8 billion, primarily due to increased impairment provisions for mainland development properties, and noted that plans to launch luxury homes at 1 Mount Street would help capture the improving luxury home market sentiment. The bank indicated that WHARF HOLDINGS has luxury projects in The Peak and Kowloon Tong, which should provide substantial returns for the company in the medium to long term. The company plans to sell luxury projects located at 1 Mount Street this year, while the luxury project in Kowloon Tong and the joint project in Kai Tak have been completed, which should benefit the company.
DBS: Maintains WHARF HOLDINGS (00004) "Buy" rating with a Target Price of HKD 24.9.
The bank stated that Wharf Holdings has luxury residential projects in The Peak and Kowloon Tong, which should bring considerable returns to the company in the medium to long term.
Here's Why Wharf (Holdings) (HKG:4) Has A Meaningful Debt Burden
WHARF HOLDINGS (00004) saw its decline widen to 4.74% as HSBC Research lowered its Target Price, citing that its performance was below expectations.
Jinwu Financial News | WHARF HOLDINGS (00004) stock price continues to be weak, with a further decline in the afternoon, currently reported at HKD 18.48, down 4.74%, with a turnover of HKD 27.9435 million. On the news front, HSBC Research stated that WHARF HOLDINGS' performance last year fell short of expectations, and no short-term catalysts for revaluation are in sight. The report mentioned that the company's basic profit dropped 22% year-on-year, primarily due to impairment provisions for mainland properties, and most of the major businesses saw a decline in revenue in the second half of last year. However, the bank noted that improved demand for luxury homes may support sales of new property projects owned by the company, and the company valuation also appears attractive.
Shareholders Have Faith in Loss-making Wharf (Holdings) (HKG:4) as Stock Climbs 7.1% in Past Week, Taking Three-year Gain to 31%
