Wharf Real Estate Investment Co Ltd
01997: XHKG (HKG)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| CL< | LOCK|<g@v# | LOCK|X#J@p@ |
Wharf REIC Earnings: Long-Term Value in Harbour City; Shares Undervalued
Wharf REIC reported a 1% year-on-year decline in revenue, driven by a 3% drop in investment property income amid a soft retail market, especially at Times Square. This was partly offset by a 2% increase in hotel revenue. Interim dividend increased 3% to HKD 0.66 per share.
