CICC: Initiates coverage on Wharf REIC (01997.HK) with "Outperform" rating, target price HK$36

Zhitong Finance APP has learned that CICC issued a research report, initiating coverage on Wharf REIC (01997.HK) with an "Outperform" rating and a target price of HK$36, corresponding to a 33% NAV (net asset value) discount, a 5.2% target dividend yield for 2026, and 17% upside. The bank believes that the company's existing assets are high-quality, its operations are highly stable, and its shareholder returns are proactive, giving it long-term holding value.