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<Research>UBS: LINK REIT (00823.HK) Valuation Reflects Weak HK Retail Fundamentals; Rating Kept at Buy
LINK REIT (00823.HK) released its 3FQ26 operational data update yesterday (16th), UBS released a research report saying. The broker observed several positive points, including a cl...
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<Research>UBS: LINK REIT (00823.HK) Valuation Reflects Weak HK Retail Fundamentals; Rating Kept at Buy
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LINK REIT (00823.HK)  -0.020 (-0.054%)    Short selling $46.67M; Ratio 71.481%   released its 3FQ26 operational data update yesterday (16th), UBS released a research report saying. The broker observed several positive points, including a clearer strategic focus on non-core asset recycling; an increased likelihood of share buybacks given the high threshold for new acquisitions; and overall tenant sales stabilizing in 3FQ26.

That said, UBS believed that the recent recovery in the retail market should provide a cushion against further downside. LINK REIT's current dividend yield is about 7%, with a PB ratio of approx. 0.6x, and the broker believed that the weak fundamentals of Hong Kong retail have been largely priced in.

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Looking ahead, the successful sale of non-core assets and potential share buybacks should act as positive catalysts for the share price.

Therefore, UBS reaffirmed rating at Buy on LINK REIT, and kept its target price at $42.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-02 16:25.)

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