WHARF HOLDINGS (00004.HK)'s seaport business has been eroded by the uncertain trade outlook, whereas the recent tussles between China and America have in particular dimmed the outlook, as the Chairman Stephen Ng told shareholders at the shareholder meeting.

However, the seaport business seems to have not yet responded to the recently escalating tensions, and the group will stay watchful at the negotiation, said Ng. At this moment, WHARF HOLDINGS has no large-scale share repurchase plan despite their abundant capital and disposable assets on hand.