Core Viewpoint - DBS has released a report indicating that the occupancy rate of the properties under Prosperity Industrial Trust (00808) remains stable at approximately 94%, with limited short-term vacancy risks [1] Summary by Relevant Sections Financial Performance - Although the expected decline in renewal rental rates for the fiscal year 2024 is projected to widen to 6.4%, the decrease in interest expenses due to the drop in HIBOR is expected to support profitability [1] - The target price for Prosperity Industrial Trust has been raised from HKD 1.58 to HKD 1.71, with a forecasted growth of approximately 3% in Distribution Per Unit (DPU) for 2025, leading to an annual distribution yield of about 9% [1] Market Catalysts - The report anticipates that favorable policies will continue to be a major catalyst for the stock price, particularly if the Chinese government introduces measures to boost economic growth in Hong Kong, which is expected to positively impact office leasing demand and sentiment in the REIT sector [1] - Any progress regarding the inclusion of REITs in the "Hong Kong Stock Connect" could also serve as a catalyst [1]
星展:升泓富产业信托目标价至1.71港元 料全年每基金单位分派增3%
Zhi Tong Cai Jing·2025-08-04 06:29