Wharf REIC's Retail Growth Should Get Tourism Boost -- Market Talk

Dow Jones03-12

0248 GMT - Wharf REIC's retail growth is likely supported by the expansion of a Hong Kong visitor program for Chinese nationals and the further recovery of tourism, UOB Kay Hian analysts Liu Jieqi and Damon Shen say in a note. They expect Wharf REIC, which holds a retail-focused portfolio with six prime assets in Hong Kong, to post profit growth for 2024. "2023 should be the bottom of the company's underlying net profit," the brokerage says. UOB KH upgrades Wharf REIC to buy and raises its target price to HK$31.20 from HK$26.11, noting it expects investors "to favor Wharf REIC's consistent dividend policy." Wharf REIC is last at HK$27.40. (hoishan.chan@wsj.com)

(END) Dow Jones Newswires

March 11, 2024 22:49 ET (02:49 GMT)

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UOB KH upgrades Wharf REIC to buy and raises its target price to HK$31.20 from HK$26.11, noting it expects investors \"to favor Wharf REIC's consistent dividend policy.\" Wharf REIC is last at HK$27.40. (hoishan.chan@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 11, 2024 22:49 ET (02:49 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wharf REIC's Retail Growth Should Get Tourism Boost -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWharf REIC's Retail Growth Should Get Tourism Boost -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-12 10:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0248 GMT - Wharf REIC's retail growth is likely supported by the expansion of a Hong Kong visitor program for Chinese nationals and the further recovery of tourism, UOB Kay Hian analysts Liu Jieqi and...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6523","symbol_name":"ESG概念","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2418626329","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2418626329","pubTimestamp":1710211740,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0248 GMT - Wharf REIC's retail growth is likely supported by the expansion of a Hong Kong visitor program for Chinese nationals and the further recovery of tourism, UOB Kay Hian analysts Liu Jieqi and Damon Shen say in a note. They expect Wharf REIC, which holds a retail-focused portfolio with six prime assets in Hong Kong, to post profit growth for 2024. \"2023 should be the bottom of the company's underlying net profit,\" the brokerage says. UOB KH upgrades Wharf REIC to buy and raises its target price to HK$31.20 from HK$26.11, noting it expects investors \"to favor Wharf REIC's consistent dividend policy.\" Wharf REIC is last at HK$27.40. 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They expect Wharf REIC, which holds a retail-focused portfolio with six prime assets in Hong Kong, to post profit growth for 2024. \"2023 should be the bottom of the company's underlying net profit,\" the brokerage says. UOB KH upgrades Wharf REIC to buy and raises its target price to HK$31.20 from HK$26.11, noting it expects investors \"to favor Wharf REIC's consistent dividend policy.\" Wharf REIC is last at HK$27.40. 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