[ET Net News Agency, 6 July 2018] UOB Kay Hian lifted its target price for Link REIT
(00823) to HK$82.13 from HK$79.88, and reiterated its "buy" rating.
The research house views Link REIT as a great defensive play amid market volatility.
Unit buy-backs of up to 80m units, as per management's guidance, will support share price.
With a high fixed debt ratio of 76%, Link REIT is resilient to further interest rate
hikes. It has ample debt headroom for acquisitions and we expect the impact of rising
rates to be cushioned by rental growth and deployment of liquidity, UOBKH said.
It increased its DPU forecasts by 2% and 5% for FY2019-20 respectively after factoring
in contributions from new projects and share buybacks. (KL)
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00823 LINK REIT
Nominal 
34.250 +0.350 (+1.032%) Others
06/07/2018 11:25
[I-bank focus]UOBKH lifts Link REIT (00823) to HK$82.13
| Remark: | Real time quote last updated: 26/04/2024 14:25 |
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