Originally known as The Hong Kong and Kowloon Wharf and Godown Company, Ltd, The Wharf Holdings Ltd was founded in 1886 and is used to run wharfage and dockside warehousing. Its operations now span property, hotels, transport and warehousing. It owns the iconic Star Ferry, two major flagship properties in the Harbour City and Times Square shopping centres in Hong Kong, i-CABLE, Cable TV, Wharf T&T, and Modern Terminals.
Wharf Holdings registered one of the best gains in the market yesterday, surging 90 cents to $27.60. Wharf has risen 6.15 per cent since July 17 but it is still below its 52-week high of $32.60, set in February.
Brokers said investors were becoming more positive about the conglomerate as Wharf's cable television network gained greater subscription levels. Wharf executives said yesterday Wharf Cable network might achieve its target of 300,000 subscribers by the end of the year.
Brokers said some investors were also attracted by the group's aggressive promotion of its telecommunications arm New T & T.