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| HSI1 | 23,911.48 | +129.34 | 15.72B |
| HSCEI1 | 8,823.42 | +68.05 | 8.40B |
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2025-03-11 12:54:29 Despite rental challenges, WHARF REIC (01997.HK) delivered resilient profit performance in FY24 on the back of lower financing costs, according to a report from Citi. WHARF REIC's FY24 underlying net profit increased by 2% YoY to $6.139 billion, while its borrowing costs decreased by 10% YoY with lower impairment loss on development properties. Meanwhile, the company's net profit amounted to $891 million because of a $5.6 billion loss in the fair value of investment properties (a 3% decline in investment property valuation), including a 5% HoH decline in the valuation of Times Square. Citi gave WHARF REIC a Buy rating with a target price of $26.5. ~ AAStocks Financial News Web Site: www.aastocks.com | |