0527 GMT - Wharf Real Estate Investment's earnings growth should see support from cost savings amid a lower Hong Kong benchmark interest rate, say DBS Group Research analysts in a note. The property company's 2025 underlying earnings beat DBS's estimates. Improving retail sentiment in Hong Kong is likely to buoy the company's valuations, the analysts say, as Wharf REIC's turnover rent growth and retail rental income are poised to improve. The stock currently trades at a 56% discount to DBS's assessed net asset value, the analysts add. DBS maintains its buy rating and HK$29.80 target price. Shares are down 2.3% at HK$26.22.(megan.cheah@wsj.com)
(END) Dow Jones Newswires
March 11, 2026 01:27 ET (05:27 GMT)
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