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<Research>BofAS Elevates LINK REIT's TP to HKD44, Reiterating Buy rating
BofA Securities has issued a report maintaining a Buy rating on LINK REIT (00823.HK), given that the decline in retail tenant sales in Hong Kong appeared to have bottomed out (alth...
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<Research>BofAS Elevates LINK REIT's TP to HKD44, Reiterating Buy rating
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BofA Securities has issued a report maintaining a Buy rating on LINK REIT (00823.HK)  -0.050 (-0.125%)    Short selling $41.62M; Ratio 8.961%   , given that the decline in retail tenant sales in Hong Kong appeared to have bottomed out (although rental reversion may remain negative in FY26), and the company might benefit from lower interest rates and currency conversion following the recent weakness in the HKD.

BofA Securities also raised its target price for LINK REIT by 13% from HKD39 to HKD44 based on a dividend discount model. This adjustment was made as the broker cut the assumed risk-free rate from 4.5% to 4% to anchor on the 10-year Hong Kong government bond yield (previously benchmarked against US Treasuries given the widening spread between the two), thereby reducing the cost of equity from 8.7% to 8.2%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-22 16:25.)

Related NewsM Stanley Adjusts Earnings Forecasts for SWIREPROPERTIES/ LINK REIT w/ TPs Raised

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