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RBC Capital Maintains UBS Group(UBS.US) With Buy Rating, Maintains Target Price $35.21
UBS Hires $400 Million Financial Advisor Team in Manchester, NH
Looking Into UBS Gr's Recent Short Interest
UBS Group: Raised target price to HK$38. Weak sales performance of Hong Kong tenants in the first quarter.
UBS Group released a report stating that Link Real Estate Investment Trust (00823) held a pre-silent period conference call for the first half of the 2025 fiscal year. Management indicated that Hong Kong tenant sales in the first quarter were weak, but there are signs of stability in the tenant sales decline in the second quarter of the 2025 fiscal year. The bank expects the stock price to react relatively neutrally to the conference content, raising the target price from HK$35.6 to HK$38, with a 'Neutral' rating. Management emphasized that Hong Kong's retail trade sales are facing challenges during structural adjustments, with Hong Kong tenant sales recording a 5.9% year-on-year decline in the first quarter of the 2025 fiscal year, showing weakness compared to the 0.4% growth in the 2024 fiscal year.
UBS Group: Preferring developer stocks, with Henderson Land and Kerry Properties as top choices.
UBS Group released a report stating that due to the cyclical downturn in the residential market, the bank is more bullish on developers rather than house rental companies because strong rental growth indicates a healthy potential supply/demand. The bank expects real estate sales and prices to stabilize as interest rates become more favorable. TaiKoo (01972), Henderson Land (00012), and Kerry PPT (00683) are its top picks. UBS Group stated that Hong Kong's retail sales in August decreased by 10.1% year-on-year, reaching only 29 billion Hong Kong dollars, slightly below the market consensus of a 9% year-on-year decline, but the year-on-year decline has slightly narrowed. The bank estimates that there are a significant number of Hong Kong people leaving the city, while on the other hand, the numbers
OpenAI Announces New $4B Credit Facility With Bank Consortium