PolyU Library
Journal Call no.HC411.A76
AuthorFletcher, Matthew.
Article TitlePromises, promises : investors are unhappy with Hong Kong's Wharf Holdings / Matthew Fletcher.
Is Part OfAsiaweek ; v.22, no.6, 9 Feb 1996, p.48-50, illus.
AbstractInvestors have punished Wharf for failing to deliver on its promises. Since March, it has been consistently underperforming the territory's Hang Seng index. Last August, Standard & Poor's retained Wharf's "A" credit rating, but downgraded its financial outlook from "stable" to "negative". It was worried about the cable business and the New T&T telephone company, the Wharf unit that became one of the territory's three new fixed-line telecommunications providers in July.