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<Research>CICC: LINK REIT (00823.HK) TP Trimmed to $43 on Continued Pressure in HK Retail Property Operations
Recommend 8 Positive 12 Negative 12 |
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LINK REIT (00823.HK) announced its operational data for 3FQ26 ended December 2025, showing a continued divergence in the performance of the Company's regional assets, including persistent pressure on retail property operations in Hong Kong, according to CICC's research report. Although the occupancy rate for Hong Kong retail properties remained at a healthy level of 97%, the rental reversion rate recorded a decline of 7.5%, further down from the 6.4% drop at mid-FY2026, due to changes in consumption trends and the impact of e-commerce. The occupancy rate for properties in mainland China was good, but office property rental levels remained under pressure. Overseas markets performed relatively strongly. Therefore, the broker kept rating at Outperform, and trimmed its target price by 4% to $43. AASTOCKS Financial News Website: www.aastocks.com |
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