Core Viewpoint - Morgan Stanley has issued a report rating Link REIT (00823) as "in line with the market" with a target price of HKD 37 [1] Group 1: Financial Performance Expectations - Link REIT is expected to announce its fiscal year results for the period ending March 2026 in May [1] - Despite improvements in Hong Kong's retail sales, Morgan Stanley anticipates a year-on-year decrease of 7.3% in distribution per unit for the fiscal year 2026, while the market predicts a decline of 9.3% [1] - This indicates that the distribution per unit in the second half of 2026 is expected to decline by 9.9% year-on-year [1] Group 2: Market Trends and Challenges - The report highlights that the downward trend in renewal rents may continue until the first half of the fiscal year 2027 due to lagging effects and slower-than-expected recovery in mass retail [1] - The growth of online sales and increased penetration of e-commerce in China may pose challenges to Link REIT's retail property portfolio [1]
大摩：料领展房产基金(00823)2026财年每基金单位派息同比减7.3% 目标价37港元
智通财经网·2026-02-06 06:39