Journal Call no. | HC411.A76 |
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Author | Fletcher, Matthew. |
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Article Title | Promises, promises : investors are unhappy with Hong Kong's Wharf Holdings / Matthew Fletcher. |
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Is Part Of | Asiaweek ; v.22, no.6, 9 Feb 1996, p.48-50, illus. |
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Abstract | Investors 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. |
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