Wharf Real Estate Investment Company Ltd traded at 33.06 this Monday August 24th, decreasing 0.40 or 1.20 percent since the previous trading session. Looking back, over the last four weeks, Wharf Real Estate Investment Company lost 28.74 percent. Over the last 12 months, its price rose by 40.56 percent. Looking ahead, we forecast Wharf Real Estate Investment Company Ltd to be priced at 32.40 by the end of this quarter and at 29.41 in one year, according to Trading Economics global macro models projections and analysts expectations.
WHARF REAL ESTATE INVESTMENT COMPANY LIMITED is a company principally engaged in the investment and operation of properties. The Company’s Harbour City is a mixed-use integrated complex with retail and office premises, serviced apartments, hotels and a club. Strategically located at the harbour front in Tsim Sha Tsui, it includes one of the largest shopping malls in Hong Kong with a contiguous mall, drawing shoppers and tourists to its entertainment, dining and hotel components. The Company’s Times Square is a mixed-use integrated complex which is directly connected to the MTR station in Causeway Bay, with retail and office premises which house 16 levels of shopping mall, and housed international brands and other retailers, 20 restaurants and a cinema. The Company’s main revenue is rental income from investment properties.