HK Stock Market Move | WHARF REIC (01997) surged over 30% in the afternoon, with a significant narrowing of mid-term losses and a 40% increase in dividends to 94 Hong Kong cents.

WHARF REIC (01997) saw its stock price skyrocket in the afternoon, peaking at nearly a 32% increase to HK$34.82. As of the time of writing, it had risen 9.55% to HK$28.90, with a trading volume of HK$450 million. In terms of news, WHARF REIC released its interim results for 2026, reporting revenue of HK$6.34 billion, a year-on-year decrease of 1.05%; the company's attributable loss to shareholders was HK$176 million, a year-on-year decrease of 92.69%; the loss per share was HK$0.06, and the company plans to distribute its first interim dividend of HK$0.94 per share, representing a year-on-year increase of 42% from HK$0.66 in the same period last year. Additionally, considering the current earnings base and the debt situation, the group announced an increase in its dividend payout ratio from 65% of recurring core net earnings to 90%, indicating a 38% increase in the base dividend. In light of interest rate fluctuations and external environmental challenges, the group maintains a prudent approach to debt management. Net debt has been reduced to HK$29.2 billion, and the debt ratio has dropped to 15.9%, both reaching historic lows.