Wharf (1997.HK) stock forecast 2027–2029
What is the Wharf (1997.HK) stock forecast?
Our forecast for Wharf
HK$29.05by November 2027
HK$30.34by November 2029
From HK$31.10 at the November 3, 2026 close, that is a 1 % loss by 2027 and a 15 % gain by 2029, dividends included.
It blends three cases for November 2027, HK$ per share:
- Bear23.4827 % chance
- Base29.7953 % chance
- Bull34.5820 % chance
Our own forecast, built from Wharf's filings. It is not an average of analysts' price targets, so it can differ from them.
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Executive summary + 8 chapters · 18,021 words · 111 sources
Wharf (1997.HK) key numbers
Market value is what all the shares are worth together.
- HK$94.4 billionmarket value
- HK$6.34 billionrevenue in the quarter to Jun 2026, −1 % on a year earlier
Prices and ratios: our report, at the November 3, 2026 close. Revenue: the company's own figures.
Where could Wharf's shares be by 2029?
The forecast sees Wharf Real Estate Investment Company Limited producing modest total returns, with dividends carrying much of the result. The weighted price is HK$29.05 in November 2027, a total return of negative 1% including dividends. It is HK$29.58 in November 2028, with a 7% total return. By November 2029, it reaches HK$30.34, with a 15% total return.
The 2029 range is wide. The bear case reaches HK$17.21. Today’s price is HK$31.10, while the bull case reaches HK$44.79.
What has to go right for Wharf's forecast?
The base case assumes Harbour City sales support occupancy without restoring strong rental growth. Singapore disposal proceeds reduce debt and interest costs, while the 90% payout supports returns but leaves little buffer. The price moves from HK$29.79 to HK$31.57. Its 53% probability reflects stable historical earnings and likely debt reduction, offset by negative rental reversion and lost Singapore income.
The bull case requires stronger renewals, higher turnover rent, lower debt costs and a narrower NAV discount. It moves from HK$34.58 to HK$44.79. Its 20% probability reflects genuine operating upside, but sales have not yet produced broad rental improvement and several favorable outcomes must arrive together.
Bull case, 20 % chance: if it goes right
HK$44.79 by November 2029, +64 % with dividends.
Bear case, 27 % chance: if it goes wrong
HK$17.21 by November 2029, −31 % with dividends.
How much cash does Wharf really make?
Cash flow offers a second check. For 2025, operating cash flow less reported spending on properties, hotels and equipment produced roughly HK$6.66 billion, or a 7.0% yield on the equity value. That is a group-level estimate, not automatically cash available for dividends.
What does Wharf's stock valuation imply today?
Our report makes no buy or sell call.
- Price below net asset value per unit47.5%
- Distribution yield4.2%
Wharf earnings: how did the last quarter go?
Questions about Wharf (1997.HK) stock
Where will Wharf stock be in 5 years?
Our report's forecast goes to November 2029. By then it puts the shares between HK$17.21 in the bear case and HK$44.79 in the bull case, and at HK$30.34 with the three cases weighted by their chances. It makes no forecast past November 2029.
Who are Wharf's competitors?
Our report compares Wharf with Link.
Why is this forecast different from analysts' price targets?
Analysts' price targets average the share prices that brokerage analysts expect. Our report builds its own three cases from Wharf's filings, gives each a chance and counts dividends.
More on Wharf (1997.HK)
More Wharf pages
Wharf's own filings
This page gives the forecast. The report gives the reasons.
The full report: an executive summary and 8 chapters, 18,021 words, 55 tables. Its first page opens here, no account needed.
How it is made: AI reads Wharf's filings, writes the report, checks the numbers against them and cites each source, 111 in this one. How we work · Corrections
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Information only, not investment advice. The forecast gives three cases with their chances; it promises no price. Prices are those of the date shown.