Wharf Group drops 2.38% Capital downgrade to sell

Source: Internet
Author: User
Keywords HONG Kong Dollar stock analyst
Tags .net business company discount group market net net assets
The Kowloon Wharf Group (00004-HK), which is now losing 0.36% of the market, has fallen by 2.38% to HK $30.70 for a deal of HK $125 million. State-HO Capital downgraded the shares from buying to selling at a target price of HK $28.40, a 25% discount to net assets per share. State-HO Capital expects the company's 09 real estate investment and logistics business EBIT to fall by 8% and 16% respectively from a year earlier, due to lower office rents and lower container throughput in Hong Kong.
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