Wharf Real Estate Investment Co Ltd
01997: XHKG (HKG)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| ^$ | LOCK|GJ>jp | LOCK|y>kRJ%d |
Wharf REIC Earnings: Increased Dividend Payout Encouraging; Shares Fairly Valued
Wharf REIC's first-half underlying net profit rose 6% year on year due to lower financing costs following the company's deleveraging efforts. Shares rallied about 20% after the company increased its core earnings payout ratio to 90% from 65%. The interim dividend increased 42% to HKD 0.94 per share.
