Simply Wall St lowers fair value for Wharf stock to HKD 22.39

Published on 10/07/2026 at 02:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Wharf stock receives HKD 22.39 fair value after HKD 23.55. Underlying net profit rose 6.00 percent excluding investment income in the first half of 2026.

Wharf, HK0004000045, Illustration mit AI erstellt.

Simply Wall St updated its consensus fair value for Wharf from HKD 23.55 to HKD 22.39 on September 23, 2026, according to Simply Wall St. The valuation change puts the recent half-year figures and the company's capital returns in sharper relief.

Dividend doubles for anniversary

Wharf declared a special interim dividend of HKD 0.20 per share for the half-year ended June 30, 2026. Together with the regular interim dividend of HKD 0.20, total distribution reached HKD 0.40 per share, according to Yahoo Finance on August 11, 2026.

The special payment marked Wharf's 140th anniversary, while management said the regular dividend policy remained unchanged. That distinction matters because the extra distribution reflects a dated corporate milestone rather than a new recurring payout rate.

Operating gains meet property pressure

Excluding investment income, first-half 2026 revenue increased 2.00 percent and operating profit and underlying net profit each increased 6.00 percent, according to Yahoo Finance. Reported profit was HKD 48 million after a HKD 2.00 billion investment property revaluation deficit.

The operating mix remains uneven. Hong Kong development property revenue reached HKD 1.30 billion and operating profit HKD 166 million, while mainland development property revenue was HKD 238 million and the segment reported an operating loss in the first half of 2026.

Stock stays below its yearly high

On the Hong Kong market, Wharf was last quoted at HKD 18.52 on October 6, 2026 at 4:08 p.m. HKT. The figure sits within a 52-week range of HKD 17.68 to HKD 30.60 and is 39.48 percent below the high.

For German investors, the Lang & Schwarz prior close was EUR 2.10 on October 5, 2026. The market picture therefore combines improving underlying operating figures and higher one-time distributions with continued valuation sensitivity around mainland property assets.

The further course of trading is shown by the continuously updated real-time quote of Wharf stock.