Wharf REIC Could Rise on Hong Kong's Retail Recovery -- Market Talk

Dow Jones
Oct 17

0345 GMT - Wharf Real Estate Investment Co. is likely to ride the Hong Kong retail market's recovery, says its new bull at DBS Group Research. Increasing inbound tourism has bolstered recovery in sectors such as jewelry and watches, while the buoyant stock market is likely to boost wealth and stimulate local discretionary spending, DBS analysts say in a note. A potentially lower Hong Kong benchmark interest rate could translate into cost savings for the real-estate investment company, given that the majority of its debt is floating rate, they add. DBS upgrades the stock to buy from hold and lifts the target price to HK$29.00 from HK$27.70, citing a higher valuation due to the retail market's improvement. (megan.cheah@wsj.com)

 

(END) Dow Jones Newswires

October 16, 2025 23:45 ET (03:45 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10