According to the Wise News Financial APP, Morgan Stanley released a research report stating that the earnings per share forecast for Wharf REIC (00004) for the fiscal year 2024 is reduced by 10%; for the fiscal years 2025 and 2026, it is reduced by 8% respectively to reflect the downward revision of rent and logistics forecasts in mainland China. Morgan Stanley also expects that the earnings per share dividends for Wharf for the fiscal years 2024 to 2026 will remain unchanged at 0.4 yuan. Morgan Stanley has lowered the target price for Wharf from HK$19 to HK$18, and has given a 'shareholding' rating.