|Bid||45.050 x 0|
|Ask||45.100 x 0|
|Day's Range||44.800 - 45.300|
|52 Week Range||27.000 - 49.600|
|Beta (5Y Monthly)||1.24|
|PE Ratio (TTM)||34.96|
|Earnings Date||Mar 04, 2021|
|Forward Dividend & Yield||1.38 (2.99%)|
|Ex-Dividend Date||Mar 24, 2021|
|1y Target Est||61.31|
Moody's Investors Service has changed to negative from stable the outlook on Wharf Real Estate Investment Company Limited (WREIC) and Wharf REIC Finance (BVI) Limited. At the same time, Moody's has affirmed WREIC's A2 issuer rating, the (P)A2 backed senior unsecured ratings on the medium-term note (MTN) program of Wharf REIC Finance (BVI) Limited and the A2 backed senior unsecured ratings on the notes issued under the MTN program, which are unconditionally and irrevocably guaranteed by WREIC.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Wharf Real Estate Investment Company Limited and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Two big Hong Kong landlords gave a downbeat outlook on Thursday for commercial property in the Asian financial hub, saying they expect the pandemic and local factors to continue to weigh on consumer spending and business for the rest of the year. "Hong Kong is hit by three headwinds, which is the epidemic, violent protests last year, and a 'full-blown war' between China and the U.S. This is bad for businesses," Ronnie Chan, chairman of Hang Lung Properties <0101.HK>, said at an earnings conference. The company, which also owns shopping malls and office towers in mainland China, was much more confident about the market across the border, saying it expected a full recovery from its properties there by the end of the third quarter.