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<Research>UBS Raises Rating & TP on LINK REIT (00823.HK) as Northbound Consumption Trend Stabilizing
Recommend 16 Positive 33 Negative 21 |
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Hong Kong tenant sales of LINK REIT (00823.HK) may bottom in FY2026/27, UBS released a research report saying. The broker's survey and analysis of retail property supply in Shenzhen and Hong Kong, together with DFI Retail Group's results commentary, suggested that northbound consumption trend is stabilizing. Therefore, UBS raised its target price on LINK REIT from $37.4 to $41, and upgraded the stock from Neutral to Buy. The broker forecasted that LINK REIT's Hong Kong tenant sales growth will turn positive in FY2026/27, with growth ranging from 1-2%, following a predicted 3% decline in FY2025. AAStocks Financial News |
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