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WHARF HOLDINGS (00004.HK) held a Board of Directors meeting on March 13 to approve the distribution of annual performance.
Gelonghui reported on March 3 that WHARF HOLDINGS (00004.HK) announced that the Board of Directors will hold a meeting on Thursday, March 13, 2025, to approve the annual performance announcement for the year ending December 31, 2024, and to consider the distribution of a dividend, if any.
WHARF HOLDINGS: Date of Board Meeting
Goldman Sachs: It is expected that property prices will rise by 5% this year and office rents will continue to decrease by 5%. Adjustments to the Target Price of Comprehensive Enterprises and real estate stocks (see table).
The bank agrees with the market view that the Residence sector will be the first to bottom out, but has a relatively less negative outlook on the Hong Kong retail market.
The Wharf (Holdings) Limited's (HKG:4) Latest 10% Decline Adds to One-year Losses, Institutional Investors May Consider Drastic Measures
DBS: Assigns WHARF HOLDINGS a "Buy" rating with the Target Price raised to HKD 25.05.
DBS released a research report stating a "Buy" rating for WHARF HOLDINGS (00004), with the Target Price raised from the previous HK$24.82 to HK$25.05. The firm believes that WHARF HOLDINGS' luxury residential business is being overlooked by the market, with its luxury projects in The Peak and Kowloon Tong expected to bring substantial returns after completion. Additionally, planned redevelopment projects are set to unlock the value of the waterfront land in Yau Tong owned by WHARF. The report noted that following the recent sale of the luxury property at 77/79 Peak Road, WHARF plans to launch another super luxury project, "Plantation Road No. 1," this year, with expectations that the related development will become a significant part of the company's future over the next few years.
Market Chatter: Hong Kong's The Wharf Sells Mansion for HK$501 Million
Shareholders Have Faith in Loss-making Wharf (Holdings) (HKG:4) as Stock Climbs 7.1% in Past Week, Taking Three-year Gain to 31%
