CICC keeps HKD 36 target for Wharf REIC stock

Published on 10/20/2026 at 20:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue was HKD 6.34 billion in June 2026. Wharf REIC stock costs EUR 3.48 on October 20, 2026, up 1.16 percent versus the German close.

Analyst target and interim results

CICC maintained a Buy rating and HKD 36.00 target on September 28, 2026.
June 2026 revenue was HKD 6.34 billion versus HKD 6.41 billion a year earlier.
Wharf REIC stock costs EUR 3.48 at Lang & Schwarz on October 20, 2026 at 8:20 p.m. CEST, 1.16 percent above the German close of September 24, 2026.

Wharf REIC, KYG9593A1040, Illustration mit AI erstellt.

CICC maintained a Buy rating and an HKD 36.00 target for Wharf REIC on September 28, 2026, according to The Globe and Mail. The target is 17.57 percent above the HKD 30.62 Hong Kong closing price on October 20, 2026. Wharf REIC was trading at EUR 3.48 at Lang & Schwarz on October 20, 2026 at 8:20 p.m. CEST, 1.16 percent above the German close of September 24, 2026 at EUR 3.44.

Revenue edged lower in June

The latest interim figures show turnover of HKD 6.34 billion for the six months ended June 30, 2026, down from HKD 6.41 billion in the comparable 2025 period. etnet reported gross profit of HKD 4.97 billion and a loss attributable to shareholders of HKD 176.00 million for the same interim period.

The loss was narrower than the HKD 4.26 billion loss reported for the 2025 full year, but the interim result still leaves earnings per share at negative HKD 0.06. The interim dividend was HKD 0.94 per share, compared with HKD 1.32 for the 2025 full year.

Stock remains below its yearly high

Wharf REIC closed at HKD 30.62 on HKEX on October 20, 2026, with volume of 3,829,480 shares. Its 52-week range was HKD 20.26 to HKD 34.82, placing the latest Hong Kong price 12.06 percent below the high and 51.14 percent above the low. The share was up 0.53 percent on HKEX that day, a separate home-market move from the euro quotation.

Valuation and upcoming dates

Wharf REIC had a market capitalization of HKD 93.0 billion as of October 20, 2026. The company's interim results were announced on August 6, 2026, while the next reporting date was not stated in the cited company contact material.

Comparison with peers

Wharf REIC: plus 1.16 percent versus the German close, market capitalization HKD 93.0 billion, as of October 20, 2026.

Hongkong Land Holdings (Singapore, USD): plus 1.11 percent, P/E 7.64, market capitalization USD 17.4 billion, as of October 20, 2026.

Sun Hung Kai Properties (HKEX, HKD): minus 0.93 percent, P/E 14.35, market capitalization HKD 307.7 billion, as of October 20, 2026.

Income and property valuation remain central

The investor case combines income from Hong Kong retail and office assets with a valuation question. CICC's HKD 36.00 target and Buy rating provide the clearest recent external benchmark, while the June interim loss and lower turnover show why recurring rental income remains important to the valuation.

The last available euro quotation was EUR 3.48 at Lang & Schwarz on October 20, 2026 at 8:20 p.m. CEST, 1.16 percent above the German close of September 24, 2026 at EUR 3.44. The further course of trading is shown by the continuously updated real-time quote of Wharf REIC stock.