[ET Net News Agency, 5 August 2019] HSBC Global Research raised its target price for
Link REIT (00823) to HK$99.6 from HK$99.5 and upgraded its rating to "buy" from "hold".
The research house said the share price of Link REIT was down for ten consecutive
trading days. HSBC believes the market has overreacted, providing a good investment
opportunity on the company.
HSBC likes Link REIT for several reasons: (1) steadily growing and defensive business
given its non-discretionary retail focus; (2) limited downside protection supported by its
unit buyback campaign, and (3) a recent interest rate cut of 25bps.
It sees limited downside from the current valuation, while it offers 3.3% dividend yield
for FY2020 and FY2019-22 DPU CAGR rate of 9%. (KL)
|
|
|
|
|
|
|
|
|
|
Super Quote | Detail Quote | Interactive Chart | Transaction | Related News | Related Securities | Company Information | Dividend Records | Short Sell
00823 LINK REIT
Nominal 
32.950 +1.300 (+4.107%) Others
05/08/2019 15:32
{I-bank focus}HSBC upgrades Link REIT (00823) to HK$99.6
| Remark: | Real time quote last updated: 23/04/2024 17:59 |
| Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service |