Wharf Real Estate Investment Co Ltd

01997: XHKG (HKG)
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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.

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