HK's Wharf Real Estate eyes best day in 2-1/2 months after solid H1

Wharf Real Estate Investment

07/08/2018 07:19

** Shares of Wharf Real Estate Investment Co Ltd  1997.HK 
rise 4.2 pct to HK$57.75, heading for its biggest single-day of
percentage gains since May 28
    ** The retail property investor and mall operator posts an 8
pct rise in first half core profit to HK$5.02 billion ($639.60
million), and 108 pct growth in profit attributable to
shareholders amid a recovery in the retail market and strong
retail sales  urn:newsml:reuters.com:*:nFWN1UY00F
    ** As of the previous close, the stock had risen 6.54
percent so far this year
    ** Wharf Real Estate has outperformed the Hang Seng Property
Index sector  .HSNP  by 0.5 percentage points in the past one
month.
    ** As of 0558 GMT, about 1.67 million shares of the Hong
Kong-based company changed hands, compared with their 30-day
moving average of 2.69 million shares a day
    ** Among the 14 analysts that cover Wharf Real Estate, the
current average rating on the shares is "buy"; the breakdown of
recommendations is nine "strong buy" or "buy", and five "hold".
The analyst mean price target is HK$62.92
    ** Hong Kong benchmark index  .HSI  rises 1.1 pct


($1 = 7.8487 Hong Kong dollars)

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)