Core Viewpoint - Bank of America Securities reports that Link REIT (00823) has underperformed expectations for the interim results ending September 2026, leading to a downward revision of its Distribution Per Unit (DPU) forecast for fiscal years 2026 to 2028 by 2% to 3%, with the target price reduced from HKD 45 to HKD 43. However, the current valuation remains attractive, and a "Buy" rating is reiterated [1] Group 1 - The main negative factor for Link REIT is the sharp decline in retail rental income from mainland China [1] - The 6% decrease in renewal rental rates in Hong Kong was anticipated, but the widening year-on-year decline in tenant sales for the second fiscal quarter disappointed the market [1] - The company is expected to stabilize its DPU through reductions in labor costs, and it should be able to adjust its business portfolio to better compete with e-commerce [1]
美银证券：降领展房产基金目标价至43港元 续予“买入”评级
Zhi Tong Cai Jing·2025-11-21 03:36