Wharf Real Estate set for record pct gain on higher dividend, underlying profit

Wharf Real Estate Investment

06/08/2026 06:56

** Shares of Wharf Real Estate Investment Company 1997.HK jump 32% to HK$34.82, their highest level since August 2023
** Stock set for biggest one-day pct rise on record, snapping three straight falling sessions
** Top pct gainer in both Hang Seng Index .HSI and Hang Seng Property Index .HSNP, which are down 1.9% and 1.8% respectively
** Hong Kong property developer and shopping malls operator said its half-year underlying net profit increased 6% y/y to HK$3.31 bln ($422.01 mln), revenue climbed 1% y/y to HK$6.34 bln, while loss attributable reduced to HK$176 mln from HK$2.41 bln loss a year ago
** Company proposes first interim dividend of HK$0.94 per share, up 42% from HK$0.66 per share a year ago 
** YTD, stock up 22.1%, Hang Seng Property Index .HSNP up 12.6% 

   
($1 = 7.8435 Hong Kong dollars)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))