Goldman Sachs believes that Wharf Real Estate Investment Company is a more direct beneficiary of the rebound in inbound tourism.
Intelligence Finance and Economics APP learned that Goldman Sachs released a research report stating that considering the latest rental trends, the earnings estimate for Wharf Real Estate Investment Company (01997) from 2024 to 2026 is adjusted by less than 1%. The bank believes that these changes are not important and the target price of HK$33.9 and the "buy" rating remain unchanged.
Goldman Sachs believes that Wharf Real Estate Investment Company is a more direct beneficiary of the following factors: (1) The number of inbound tourists further rebounds due to visa relaxation; (2) Due to its high floating-rate debt ratio, interest rates are lowered.