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.
