0724 GMT - Wharf Real Estate Investment's valuations look compelling despite a recent rally, say DBS Group Research analysts in a note. The stock trades at around 60% discount to DBS's current assessed net asset value, they say. Improvement in Hong Kong's consumption and tourist spending should support the retail market's recovery in the near term, which could boost Wharf REIC's valuation. The Hong Kong-based real-estate investment company's improving tenant sales bode well for future gains in rental rates, says DBS. The bank raises its target price to HK$29.80 from HK$29.00 and reiterates its buy rating. Shares fall 0.2% to HK$24.52. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
January 15, 2026 02:24 ET (07:24 GMT)
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