Simply Wall St raises fair value for Wharf stock to HKD 19.40

Published on 10/13/2026 at 05:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Interim profit fell 91.00 percent to HKD 48 million in the first half of 2026. Wharf stock paid HKD 0.40 per share.

Simply Wall St raised Wharf's fair value from HKD 16.30 to HKD 19.40 on October 4, 2026.
First-half 2026 group profit was HKD 48 million after a HKD 2 billion investment property revaluation deficit.
Underlying net profit rose 6.00 percent excluding investments, while interim distributions doubled to HKD 0.40 per share.
The last Lang & Schwarz quote was EUR 2.16 on October 12, 2026 at 10:57 p.m. CEST.

Wharf, HK0004000045, Illustration mit AI erstellt.

Wharf (HK0004000045) had its fair value raised from HKD 16.30 to HKD 19.40 on October 4, 2026, according to Simply Wall St. The revised valuation stood above the HKD 18.79 Hong Kong closing quote dated October 12, 2026.

Three dated valuation signals

Yahoo Finance reported first-half 2026 group profit of HKD 48 million on August 11, 2026 after a HKD 2 billion investment property revaluation deficit. On September 28, 2026, Wharf had 3.06 billion shares outstanding, according to Eulerpool. On October 4, 2026, Simply Wall St lifted fair value by HKD 3.10, or 19.02 percent, from HKD 16.30 to HKD 19.40.

What does the valuation change mean?

The higher fair value contrasts with a sharp accounting profit decline. Yahoo Finance's transcript said underlying net profit increased 6.00 percent excluding investments, while underlying net profit including investment income decreased 17.00 percent in the first half of 2026.

The income profile still carries a clear distribution signal. Management declared an interim dividend of HKD 0.20 per share and a special dividend of HKD 0.20 per share, taking total first-half 2026 distributions to HKD 0.40 per share, according to Yahoo Finance.

Property earnings remain uneven

Hong Kong development property revenue reached HKD 1.30 billion and operating profit HKD 166 million in the first half of 2026. Mainland development property revenue declined to HKD 238 million and produced an operating loss, while mainland investment property revenue and operating profit rose 1.00 percent to HKD 2.30 billion and HKD 1.50 billion.

The contrast explains why the valuation revision does not remove operating risk. Mainland investment property remained the largest contributor at 67.00 percent of underlying net profit, while the development business continued to depend on selective project sales and a weaker mainland property market.

Last quote and investor reference

The last quote at Lang & Schwarz stood at EUR 2.16 on October 12, 2026 at 10:57 p.m. CEST. On the primary exchange, Wharf traded on HKEX under ticker 0004, with a Hong Kong quote of HKD 18.79 dated October 12, 2026.

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