BOCOM INTL: The decline in LINK REIT (00823) stock price provides a Buy opportunity with a Target Price of HKD 47.7.
The institution stated that from April to December 2024, the renewal lease rent recorded a low single-digit decline, with a rent-to-sale ratio of approximately 13.1%, which has decreased compared to April to September 2024. The company indicated that this may suggest that the impact of Consumer spending from the north on the retail market is beginning to stabilize.
[Brokerage Focus] BOCOM INTL maintains a Buy rating on Link REIT (00823), stating that its stock price has fully reflected the uncertainties of the retail and interest rate environment.
Jinwu Financial News | BOCOM INTL's Research Reports indicate that the financial model and forecasts have been updated to reflect Link REIT's (00823) operational update for the first nine months of the 2025 fiscal year. The report states that as of December 2024, the rental occupancy rate of retail properties in Hong Kong remains high at 97.1%. From April to December 2024, renewal rents recorded a low single-digit decline, with a rental-to-sales ratio of approximately 13.1%, a decrease compared to April to September 2024. The company suggests that this may indicate the impact of consumer spending from the north on the retail market is beginning to stabilize. Additionally, as of the end of December 2024, the occupancy rate of office buildings in Hong Kong reached 99.2%.
Link REIT (00823) reduces property insurance premiums by 11.7% by assessing climate risks and making resilience investments.
AXA SA Sponsored ADR, Marsh, and Link REIT (00823) published a white paper titled "Sustainable Connected Insurance: Encouraging the Response to Climate Risks" today with the support of the Hong Kong Green Finance Association.
[Brokerage Focus] BOCOM INTL's April Golden Stock Selection: Hong Kong stocks await attack with defense, Bullish on AI and Technology Sector.
Jinwu Financial News | BOCOM INTL released its April stock pick study. The bank indicated that amid rising Global uncertainty, Hong Kong stocks showed a volatile trend in March. After a significant rise in February, the upward momentum of Hong Kong stocks weakened in March, with the Hang Seng TECH Index entering a technical adjustment Range; however, it still leads among the major Global stock indices since the beginning of the year. With the valuation of leading internet stocks having undergone significant repair, the upward adjustment of profit expectations remains relatively cautious. Meanwhile, southbound funds continue to maintain a net Inflow trend, with a phase of divergence in funds appearing, and under the intensifying long-short game, Hong Kong stocks shifted from a unilateral rise to a volatile trend. Looking ahead, whether both China and the US can reach a new round of agreements will be crucial.
Hang Seng Index Limited launched the Hang Seng High Dividend Stock 30 Index.
Hang Seng Index Company today launched the Hang Seng High Dividend Yield 30 Index.
LINK REIT's CEO Wang Guolong reduced his shareholding by 1 million shares at a price of approximately 36.46 Hong Kong dollars per share.
According to the latest data from the Hong Kong Stock Exchange, on March 6, CEO Wang Guolong reduced his shareholding in LINK REIT (00823) by 1 million shares, at a price of 36.4624 Hong Kong dollars per share, for a total amount of 36.4624 million Hong Kong dollars. After the reduction, the latest number of shares held is approximately 4.3012 million shares, with a latest holding ratio of 0.16%.
