Streetbeat News

WARFF

Wharf (Holdings) Ltd.

http://www.wharfholdings.com

Industry

Lessors of Residential Buildings and Dwellings

Open

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Mkt cap

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High

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P/E Ratio

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52-wk high

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Low

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52-wk low

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Hong Kong and China stocks closed lower due to weak consumer sentiment and property market concerns. Alibaba (BABA) and Tencent (TCEHY) fell more than 3% due to weak consumption demand. JD.com (JD) dropped 10% after Citigroup (C), Daiwa Securities (DSECF), and Jefferies Financial (JEF) cut price and revenue targets for the company. Morgan Stanley (MS) revised its estimates for the Hong Kong property market, downgrading Wharf Holdings (WARFF) and the overall property market. Sino-Ocean Group (SIOLY) defaulted on its bond repayments, while Country Garden Holdings (CTRYF) and Sunac China Holdings (SNCNQ) also fell. Didi Global (DIDIY) is planning a Hong Kong Stock Exchange listing.

Portfolio Pulse from Daniel Harrison

October 13, 2023 | 5:45 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.