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<Research>M Stanley Expects LINK REIT (00823.HK) Negative Rental Reversion to Widen, Full-yr DPU May Drop
LINK REIT (00823.HK) announced the disposal of its stake in Swing By@Thomson Plaza, a retail property in Singapore, at a consideration of SGD250 million, representing a premium to ...
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<Research>M Stanley Expects LINK REIT (00823.HK) Negative Rental Reversion to Widen, Full-yr DPU May Drop
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LINK REIT (00823.HK)  +0.700 (+1.848%)    Short selling $68.34M; Ratio 10.841%   announced the disposal of its stake in Swing By@Thomson Plaza, a retail property in Singapore, at a consideration of SGD250 million, representing a premium to fair value, Morgan Stanley released a research report saying.

Although LINK REIT's retail sales were strong in 2M26, Morgan Stanley remained cautious on mass retail due to the acceleration of online shopping and further penetration of China e-commerce.

Related News JPM: LINK REIT (00823.HK) Disposal of Singapore Asset a Good Start to Capital Recycling; Maintains Neutral Rating
Therefore, despite improved tenant sales, the broker still expected the negative rental reversion to widen from 7.5% in 9MFY2026 to 8.5% for the full fiscal year. DPU for FY2026 may decline by about 8% to $2.52. Morgan Stanley now rated LINK REIT at Equalweight, with a target price of $37.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-10 16:25.)

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