[ET Net News Agency, 15 October 2019] Credit Suisse lowered its target price for Link
REIT (00823) to HK$99.2 from HK$101.5 but upgraded its rating to "outperform" from
"neutral".
Despite market concern on retail sales performance, management remains positive on the
company's outlook and has guided for stable 3Q retail sales during a recent analyst
briefing, said the research house.
Link registered 3.1% growth in retail sales during 2Q, outperforming a decline of 3.4%
for the overall market. Management commented that it is not necessary to offer rent cuts
for its general tenants. However, Link will offer assistance to certain tenants, in
particular, to valuable goods retailers which account for 0.9% of Link's trade mix.
Credit Suisse cut its FY2020/21/22 earnings forecasts by 1%/2%/3% to reflect lower
rental growth assumptions. (KL)
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Super Quote | Detail Quote | Interactive Chart | Transaction | Related News | Related Securities | Company Information | Dividend Records | Short Sell
00823 LINK REIT
Nominal 
33.900 +0.050 (+0.148%) Others
15/10/2019 10:28
{I-bank focus}CS upgrades Link REIT (00823) to "outperform"
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