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<Research>JPM Keeps Neutral on LINK REIT; Disposal of Singapore Asset a Good Start to Capital Recycling
LINK REIT (00823.HK) announced the disposal of its Singapore retail property Swing By@Thomson Plaza for SGD250 million, representing a 45% and 23% premium over the acquisition cost...
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<Research>JPM Keeps Neutral on LINK REIT; Disposal of Singapore Asset a Good Start to Capital Recycling
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LINK REIT (00823.HK)  -0.020 (-0.051%)    Short selling $32.23M; Ratio 17.649%   announced the disposal of its Singapore retail property Swing By@Thomson Plaza for SGD250 million, representing a 45% and 23% premium over the acquisition cost and book value, respectively, with an initial yield of 3.7%, according to a report from JPMorgan.

Although the transaction size accounts for only about 0.7% of LINK REIT's total asset portfolio, JPMorgan considers this a good start to capital recycling and expects a slight 0.2% uplift to net asset value.

JPMorgan has kept a Neutral rating on LINK REIT, with a target price of HKD36.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-24 16:25.)

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