00823 LINK REIT
- 37.800
- +0.300+0.80%
Hong Kong stocks closed (09.05) | Hang Seng Index fell 0.07%, insurance and real estate stocks rose, petroleum stocks fell again.
In the early morning of Hong Kong stock, it surged and then fell back, and then it continued to fluctuate weakly throughout the day. The Hang Seng Index and the China Enterprises Index both experienced four consecutive declines, while the Hang Seng Tech Index slightly gained.
Citi: Property stocks benefit from rental flexibility and rate cut expectations. Henderson Land (00012) is the top choice.
Citi's top stock picks in the industry are Henderson Land (00012), Swire Properties (01972), and Link Real Estate Investment Trust (00823).
According to Citi's rating, hong kong property stocks benefit from rental elasticity and rate cut expectations. Swire Properties, Hongkong Land and Link REIT are the top choices.
Citigroup's report states that it has a positive view on the rental income of Hong Kong property developers, as it expects the Federal Reserve to cut interest rates at its September monetary policy meeting. The market has received positive feedback because rental income has shown more elasticity than expected, supporting cash inflow. Another factor is that the number of people traveling to Shenzhen/China from Hong Kong remains stable at around 0.55 million per weekend (a 12% decline after the summer vacation from August 31 to September 1). Overall retail sales decline is narrowing, especially for non-essential items. Luxury goods retail integration is still ongoing. Lastly, as housing rental prices rise, the negative interest rate differential is narrowing (currently at a yield of 3.3% to 3.4%).
Hong Kong property stocks generally rise as interest rate expectations rise again. Credit Suisse expects Hong Kong residential property prices to rebound by 5% next year.
Hong Kong property stocks are generally rising, as of the time of writing, Wharf REIC (01997) is up 3.71% to HK$22.35; Link Real Estate Investment Trust (00823) is up 3.34% to HK$37.1.
Hong Kong property stocks surged, Wharf REIC (01997) rose nearly 6%, interest rate cuts boosted trading of new properties.
Most Hong Kong property stocks are rising. As of the time of writing, Wharf REIC (01997) is up 5.94% at HKD 22.3, while New World Dev (00017) is up 4.52% at HKD 7.63.
Link Real Estate Investment Trust (00823) issued 22.8003 million new fund units on August 13.
Link Real Estate Investment Trust (00823) announced that the company, as of the end of the fiscal year ending on March 31, 2024 ...
Major Bank Rating | UBS Group: Raised Link Real Estate Investment Trust's target price to HKD 35.6, upgraded rating to "Neutral".
UBS Group released a report stating that since mid-May, Link Real Estate Investment Trust's rating has been downgraded to "sell", and the yield on 10-year US Treasury bonds has dropped by 58 basis points to 3.9% due to market expectations that the Federal Reserve will cut interest rates by nearly 200 basis points in the next 12 months. Given the more favorable interest rate environment, the bank expects some support for Link's short-term stock price. Therefore, the bank upgraded Link's rating from "sell" to "neutral." At the same time, the bank raised Link's forecast for dividend per unit (DPU) in the fiscal years 2025 to 2027 by 1% to 3% to reflect expectations of actual cost reductions. However, based on the structure.
UBS Group: Upgraded Link Real Estate Investment Trust to "neutral", with a target price of HK$35.6.
UBS Group has released a research report upgrading the rating of Link Real Estate Investment Trust (00823) from "sell" to "neutral" and increasing the unit distribution per share (DPU) forecast for fiscal years 2025 to 2027 by 1% to 3%, reflecting expectations of actual cost reductions. Considering the decline in the yield of the 10-year US Treasury bond, the target price has been raised from HK$31.5 to HK$35.6. The report said that since the downgrade of Link Real Estate Investment Trust (00823) to "sell" in mid-May, the yield on 10-year US Treasury bonds has fallen by 58 basis points to 3.9%, as the market now expects the Federal Reserve to cut interest rates in the next 12 months.
UBS Group: Upgraded Link Real Estate Investment Trust (00823) rating to "Neutral", with target price raised to HKD 35.6.
UBS Group raised Link Real Estate Investment Trust's (00823) forecast of per unit distribution (DPU) for fiscal years 2025 to 2027 by 1% to 3%.
Bocom Intl: maintains a "buy" rating on Link Real Estate Investment Trust (00823) with a target price of HKD 47.7.
Bocom Intl believes that the possible interest rate cut by the Fed will be a key catalyst for short-term rating revaluation.
Dahua Jixian: maintains the "buy" rating of Link Real Estate Investment Trust with a target price of HKD 42.76.
Dahua Jixian released a research report stating that it maintains a "buy" rating on Link Real Estate Investment Trust (00823) with an unchanged target price of HKD 42.76, and maintains its profit forecast, continuing to be the preferred stock among local house rental companies. The report states that after visiting the border shopping malls in mainland China and Hong Kong, it was found that the flow of people in the areas where Link's malls are located remained strong under the pressure of overall weak consumption, thanks to effective management, which positions the company well. The bank continues to expect that Link's Hong Kong asset portfolio will outperform the overall retail market, but tenants continue to face challenges in achieving positive income growth.
Dahua Jixian: Maintains a 'buy' rating for Link Real Estate Investment Trust (00823) with a target price of HKD 42.76.
Link Real Estate Investment Trust (00823) continues to be the preferred stock among local house rental companies for Dahua Jixian.
Hong Kong property stocks mostly rise amid interest rate cut expectations, rekindling the atmosphere of real estate acquisition. The transaction volume of the top 10 estates in Hong Kong increased by eight percent on a week-to-week basis over the weekend.
Most hong kong property stocks rose. As of press time, wharf reic (01997) rose 5.36%, to HK$19.64; new world dev (00017) rose 5.2%, to HK$7.48.
Hong Kong property stocks have a strong upward trend. Wharf REIC (01997) rose 5.79%, and Central Plains Real Estate pointed out that expectations of a US interest rate cut next month have increased and rekindled the atmosphere of property investment.
Golden Finance News | Hong Kong property stocks show strong momentum, with Wharf REIC (01997) up 5.79%, New World Dev (00017) up 4.92%, Link Real Estate Investment Trust (00823) up 3.73%, SHK PPT (00016) up 3.41%, Hysan Dev (00014) up 2.48%, CK Asset (01113) up 2.17%. The latest data from Centaline Property shows that the trading volume of the top ten housing estates in Hong Kong increased by 83% compared to the previous week, reaching a new high in 14 weeks. Specifically, these top ten housing estates recorded a total of 11 transactions over the weekend. Centaline Property
HK stocks surged | Link REIT (00823) rose more than 3% in the final trading session. Morgan Stanley stated that the company's dividend yield is still attractive, and HSBC stated that the reduction in dividend payout will come to an end.
Link Real Estate Investment Trust (00823) rose more than 3% in the final session. As of the time of writing, it increased by 3.18% to HKD 34.05, with a turnover of HKD 0.3 billion.
Link Real Estate Investment Trust (00823): Nie Yalun retires from positions as independent non-executive director and chairman of the board.
Link Real Estate Investment Trust (00823) announced that the board of directors has appointed a new chairman and independent non-executive directors...
Express News | Link Real Estate Investment - Duncan Gareth Owen Will Succeed Nicholas Charles Allen as New Board Chair
Express News | Link Real Estate Investment - Nicholas Charles Allen Will Retire as Board Chair
Brokerage Focus: HSBC Research: Hong Kong property stocks show signs of recovery, with improved profit expectations for some companies.
Jingu News | HSBC Global Research Report stated that since July, the performance of Hong Kong property stocks has surpassed the overall market level, despite facing many challenges in the first half of the year. Although the industry is still facing economic headwinds and slower-than-expected recovery in the tourism industry, some companies in the industry have begun to show positive changes, mainly due to deleveraging measures and improved sales performance. As the industry gradually normalizes, the trend of reducing the dividend per share cycle is expected to end, making the industry more attractive to investors. HSBC expects that the profit of real estate developers may continue to decline, mainly due
Link Real Estate Investment Trust (00823) will distribute HKD 1.3257 per unit at the end of August 13th.
Link Real Estate Investment Trust (00823) has announced that the fund will distribute dividends on August 13, 2024, including the period up to 2024...