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Big Bank Rating | DBS: Raising the target price of the Wharf Group to HK$25.5, we can wait for a better market entry point
Glonghui, March 15 | DBS published a research report saying that the luxury property reserves in Wharf may bring considerable returns to the company in the medium to long term, and reconstruction in other regions can also release its land value. Furthermore, the Group is planning to sell its luxury homes, which will become a key catalyst for medium term profits. However, DBS mentioned that the stock price of Wharf has surged 51% over the past six months, outperforming the market by a large margin. From a historical perspective, the stock's attractiveness has declined; it is time to wait for a better market entry point, and its rating was downgraded from “buy” to “hold”, and the target price was raised from HK$23.5 to HK$25.5.
Big Bank Rating | Damo: Lowering Wharf Group's bull market target price to HK$30.5 to “reduce holdings”
Glonghui, March 15 | Morgan Stanley issued a report lowering the Wharf Group's bull market target price from HK$31.5 to HK$30.5, with a rating of “reduced holdings”; the basic scenario target price remained at HK$19. The report explains that the prospects for Jiucang's major businesses, including mainland property development and investment properties, Hong Kong luxury homes, and logistics business, are full of challenges. Among them, the mainland property development business may face further depreciation, while contract sales are slowly recovering. Damo cut Jiucang's earnings estimates per share by 7% and 1% respectively for this year and next two years, mainly due to delays in the launch of the Beacon Hill project and the opening of mainland properties
Changes in Hong Kong stocks | Wharf Group (00004) fell more than 4% last year, property and port business were weak, and Goldman Sachs maintained a “sale and sale” rating
The Wharf Group (00004) fell by more than 4%. At press time, it was down 4.64% to HK$26.7, with a turnover of HK$10.563 million.
WHARF(HLDGS) To Go Ex-Dividend On April 9th, 2024 With 0.05113 USD Dividend Per Share
March 14th - $WHARF(HLDGS)(WARFY.US)$ is trading ex-dividend on April 9th, 2024. Shareholders of record on April 10th, 2024 will receive 0.05113 USD dividend per share on May 10th, 2024. The ex-di
Bank Rating | Goldman Sachs: Maintaining the Wharf Group's “Sale and Sale” Rating and Target Price of HK$26
Glonghui, March 13 | Goldman Sachs maintains the “sell and sell” rating of the Wharf Group, with a target price of HK$26. It is expected that its stock price will outperform its peers, mainly due to the belief that its valuation is too high. Based on the current price-earnings ratio of 16 times the current price-earnings ratio, the dividend rate is only 2%. Compared to other peers, this is clearly unattractive, especially the 9 times price-earnings ratio and 5% dividend rate of Hang Lung Properties, which Goldman Sachs rated as a “buy”. Goldman Sachs indicated that last year's results turned into profit and loss, in line with expectations, but its core net profit fell 7% year-on-year to about HK$5.6 billion, mainly due to reduced development property (DP) accounts and weak container terminal business. The total dividend payout for the year was HK$0.4, and
WHARF HOLDINGS To Go Ex-Dividend On April 9th, 2024 With 0.2 HKD Dividend Per Share
March 12th - $WHARF HOLDINGS(00004.HK)$ is trading ex-dividend on April 9th, 2024. Shareholders of record on April 10th, 2024 will receive 0.2 HKD dividend per share on April 25th, 2024. The ex-di
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