LINK REIT: Date of Board Meeting
DAIX: Hong Kong's retail rental in the third quarter fell month-on-month, retail house rental companies relatively prefer Leading Edge (00823).
Daiwa stated that among house rental companies, Link REIT (00823) is relatively preferred, due to its high retail rental rate of 97.5%, stable outlook for rental renewal rent, and dividend yield 280 basis points higher than usa ten-year treasury yield.
[Brokerage Focus] CICC Raises Silver Grant (00823) target price by 4.7% as catalysts for buybacks, mergers and acquisitions, and Hong Kong Stock Connect.
The Bank of China International issued a research report, stating that Link REIT (00823) held a conference call last week and released the operating data for the first quarter of the 2025 fiscal year (April-June). The retail sales in Hong Kong shopping malls decreased by 5.9%, slightly better than the overall retail market in Hong Kong, which decreased by 9.9%. Dining/supermarkets, food/general retail decreased by 1.5%/5.9%/9.4% respectively, while the data for the 2024 fiscal year was 4.6%/-5.1%/1.3%. The bank believes that the current downward interest rates ease the pressure on owner's payments and the positive wealth effect brought by the stock market rise, which should be able to offset the negative wealth effect of falling house prices.
[Brokerage Focus] Bocom Intl maintains a buy rating on Link REIT (00823), expecting a slight increase in rent.
Golden Horse Financial News | Bocom Intl's research report stated that the bank attended Link REIT's (00823) pre-silent period briefing. As of June 30, the retail and office rental rates in Hong Kong, China remained high at 97.5% and 99.2%, respectively. Meanwhile, retail rental rates in Australia and Singapore reached 99.5% and 98.4%, respectively. Management expects a slight increase in Hong Kong retail renewal rents in low single digits, while China's mainland assets remain relatively stable. Link REIT anticipates a gradual decrease in interest expenses, creating a more bullish environment for further mergers and acquisitions. As of the end of March 2024, Link REIT's net debt-to-equity ratio was 19.8%.
Lyon: Maintaining the outperform rating on Link Real Estate Investment Trust (00823), with the target price lowered to HK$45.
Lyon has reduced link real estate investment trust (00823) profit forecast for 2025 to 2027 by 1.4%, 2.3%, and 5.7% respectively.
Hong Kong property stocks continue to rise, and the Federal Reserve's interest rate cut is bullish for most Hong Kong real estate developers. It is expected that Hong Kong property prices will rebound next year.
Hong Kong property stocks continue to rise. As of the time of writing, New World Development (00017) rose 2.77% to HKD 7.42; Link Real Estate Investment Trust (00823) rose 1.67% to HKD 39.5; SHK PPT (00016) rose 1.18% to HKD 81.55; Wharf Reic (01997) rose 1.08% to HKD 23.3.
KangkungBelacan : go up slowly please, I want to collect more.
Green Leaf Froggie : Just enjoy the dividends twice a year