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With 73% Institutional Ownership, The Wharf (Holdings) Limited (HKG:4) Is a Favorite Amongst the Big Guns
Century Legend (00079.HK) sold a total of 0.0523 million shares of Kowloon Development Company Limited.
Century Legend (00079.HK) announced on October 25th that on October 23rd and 24th, 2024, the company through its wholly-owned subsidiary sold a total of 52,300 shares of Kowloon Wharf Holdings on the market, at a price of approximately HK$ 24.25 per share of Kowloon Wharf Holdings, with a total sale proceeds of approximately HK$ 1.268 million (excluding transaction costs). After the sale, the group no longer holds any Kowloon Wharf shares.
Daiwa: Wharf REIC (00004) rated as "shareholding", target price lowered to HK$18.
Daiwa Securities lowered its forecast for Wharf Reic (00004) earnings per share by 10% for the 2024 fiscal year.
These 4 Measures Indicate That Wharf (Holdings) (HKG:4) Is Using Debt Reasonably Well
[Brokerage Focus] HSBC Research upgraded Wharf Holdings (00004) to "hold" with a target price of HK$17.3.
Golden Treasury | HSBC Global Research issued a research report, stating that since March 2024, Wharf Holdings (00004) stock price has fallen by about 33%, underperforming the Hang Seng Index by 39 percentage points. The market has expressed concerns about the company's profit growth prospects. The market consensus profit forecast for 2024-25 has been lowered by 19-21% in the past six months, close to the bank's cautious profit forecast. The bank points out that although Wharf Holdings' real estate sales in Hong Kong may benefit from the interest rate cut cycle, the forecast dividend yield of 2.2% and moderate profit growth in 2025 fiscal year may not be attractive enough. The bank still has concerns about the company's business fundamentals.
WHARF HOLDINGS: Interim Report 2024
Shareholders Have Faith in Loss-making Wharf (Holdings) (HKG:4) as Stock Climbs 7.1% in Past Week, Taking Three-year Gain to 31%No Data
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