According to the Guotong Financial APP, Wharf Reic (01997) rose nearly 6%, reaching a high of 25.4 Hong Kong dollars, hitting a new high since May this year. As of the time of publication, it is up 5.83%, at 25.4 Hong Kong dollars, with a turnover of 0.129 billion Hong Kong dollars.

On the news side, the HSBC research report pointed out that the fundamentals of the Hong Kong real estate industry should gradually improve, and the interest rate reduction cycle is starting to benefit the property market cycle. It is believed that first, it will be driven by the decrease in financing costs and then its operational performance will show improvement, supporting the dividend-paying ability of real estate stocks. The bank believes that Wharf Reic's profits in the coming years are likely to continue to recover due to the improvement in its mall leasing prospects.

Dahua Jixian previously pointed out that for the second half of this year, Wharf Reic is expected to be a major beneficiary of potential interest rate cuts in the USA. The report states that the company's basic profit in the first half of the year increased by 2.1% year-on-year, benefiting from the rise in retail rental income and the decrease in financial costs. However, considering the weaker-than-expected recovery in Hong Kong retail sales, the basic profit forecasts for Wharf Reic in 2024, 2025, and 2026 have been revised down by 6.7%, 10.1%, and 9.2% respectively.