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Wharf Limited (0004.HK) net profit up 22%

Property to ports conglomerate Wharf (Holdings) Ltd. (0004.HK) said its net profit for 2007 rose 22% on strong growth in property investment and development in Hong Kong and China. A recent rights issue to which we subscribed to in full for development in China was justified. An International Portfolio is proving advantageous in these turbulent times. The price at market close - 36,95 HK$ 1,05 2,76%
Annual range - 27,50 - 50,25 HK$ indicating plenty of upside when markets recover.