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Hang Seng Index

Wharf Holdings is a conglomerate with interests in property, infrastructure,

PUBLISHED : Sunday, 27 June, 1999, 12:00am
UPDATED : Sunday, 27 June, 1999, 12:00am

WHARF Holdings is a conglomerate with interests in property, infrastructure, hotels and communications.


Indosuez WI Carr downgraded the stock to a sell last year, saying the company had an unexciting earnings outlook and deteriorating fundamentals.


This proved to be unfortunate advice as the stock outperformed the Hang Seng Index. Since last June, it has appreciated more than 200 per cent in value while the HSI has risen 70 per cent.