Goldman Sachs slightly lowered its earnings per share forecast for Wharf Holdings (00004) for the fiscal years 2024 to 2026 by less than 1%.
According to the research report released by Goldman Sachs on the Zhitong Finance APP, considering the recent trend of housing prices, the earnings per share forecast for Wharf Holdings (00004) for the fiscal years 2024 to 2026 has been slightly lowered by less than 1%, but the bank indicated that it has no actual impact and still maintains a "sell" rating, with a target price of HK$26. Based on the weak demand in the real estate market, the bank believes that there is limited room for the group's real estate project profits in Hong Kong and the mainland to rise, and the core profit for the fiscal year 2024 is expected to drop by 6% year-on-year.