News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
<Research>JPM: LINK REIT (00823.HK) George Hongchoy Retirement Has Minimal Impact on Operations; Rating Kept at Overweight w/ TP $49
The retirement of George Hongchoy, CEO of LINK REIT (00823.HK), by the end of June 2026 is not unexpected for JPMorgan, and is believed to have no significant impact on LINK REIT&#...
Reset
Send
The window will close in 5 seconds
<Research>JPM: LINK REIT (00823.HK) George Hongchoy Retirement Has Minimal Impact on Operations; Rating Kept at Overweight w/ TP $49
Close
Recommend
11
Positive
16
Negative
11
 
SHORT SELL
 
STOCK INFO

The retirement of George Hongchoy, CEO of LINK REIT (00823.HK)  +0.250 (+0.573%)    Short selling $79.71M; Ratio 21.777%   , by the end of June 2026 is not unexpected for JPMorgan, and is believed to have no significant impact on LINK REIT's operations, according to JPMorgan's research report.

The broker believed that LINK REIT's advantages include the stable staples retail market in Hong Kong, potential rent adjustments turning stable or positive by 2026; possible inclusion into the Stock Connect; proactive cost control measures which may offer positive surprise in DPU; and an attractive dividend yield of 6.1%. The CEO's retirement does not alter the JPMorgan's rating of Overweight on LINK REIT.

Related NewsCiti: LINK REIT (00823.HK) George Hongchoy to Retire in Jun 2026; Smooth Transition/ Stable Strategies Expected to Continue
Within all sub-sectors in Hong Kong property, JPMorgan believed that staples retail will remain the most resilient. Based on NPV estimate, using a 2% terminal growth assumption, the broker's June target price for the stock is set at $49.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-24 16:25.)

AASTOCKS Financial News
Website: www.aastocks.com
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.