UBS: Maintains "Buy" Rating for Wharf Holdings Limited (00004.HK) with a Target Price of HKD 27.

According to the Zhiyuan Finance APP, UBS has released a research report stating that it maintains its "Buy" investment rating and target price of HKD 27 for Wharf Holdings (00004.HK). The bank stated that Wharfs's basic profit for the first half of the year was HKD 1.7 billion, a year-on-year decrease of 17%, which was lower than its expectations. The main reason for this was a reduction in dividend income due to the partial divestment of its equity investment portfolio. Excluding a one-time impairment loss of HKD 547 million from China Development Property, the basic profit would be HKD 2.2 billion, which is basically in line with the bank's expectations.