- Wharf Real Estate reports a preliminary net loss of at least HK$900 million for the first half of 2024.
- This is a significant decline compared to the net income of HK$1.81 billion in the same period of 2023.
- The company’s financial position remains healthy despite the reported loss.
- The reported loss includes non-cash and unrealised revaluation deficits.
- Retail sales recovery in Hong Kong stalled soon after the border reopening in the first quarter of 2023.
- Market sentiment includes 12 buy ratings, 3 hold ratings, and 1 sell rating for Wharf Real Estate.
A look at Wharf Real Estate Investment C Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Wharf Real Estate Investment C is seen to have a positive long-term outlook based on its Smartkarma Smart Scores. With high scores in Value, Dividend, and Growth at 4 each, the company demonstrates strength in these key areas. Additionally, its operations in residential and commercial properties in Hong Kong showcase a diversified portfolio, adding to its resilience score of 3. However, with a lower score in Momentum at 2, there may be some challenges in maintaining market traction in the near future.
Wharf Real Estate Investment C, a company providing real estate investment services, is well-positioned for the future with solid ratings in Value, Dividend, and Growth. Operating in Hong Kong, the company develops, invests, and manages a mix of residential and commercial properties, indicating a broad scope of business activities. Despite a slightly lower score in Momentum, the overall outlook for Wharf Real Estate Investment C appears promising, leveraging its established presence in the real estate market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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