Core Viewpoint - UBS reaffirms "Buy" rating for Link REIT (00823) with a target price of HKD 42 [1] Group 1: Hong Kong Retail Market - Hong Kong retail property rents continue to face pressure, with negative growth expected for renewal rents in the second half of the 2026 fiscal year ending March [1] - New tenant rents show signs of stability, while supermarket operations have negatively impacted performance, although the dining sector has stabilized [1] - The impact of rising e-commerce penetration on tenant performance remains a concern, but less than 10% of Link REIT's Hong Kong properties overlap with online retail tenants, limiting the overall effect [1] Group 2: Mainland China Market - Retail assets in Beijing and Shanghai are undergoing rent adjustments due to historically high rental rates, but tenant sales and foot traffic have shown recovery since the end of last year [1] - The company plans to leverage Pop Mart stores to attract foot traffic and is looking for investment opportunities and disposal of non-core assets in 2026 [1] - There is no new information regarding the timeline for inclusion in the Hong Kong Stock Connect, as indicated by the company [1]

Core Viewpoint - Bank of America Securities has initiated coverage on MicroPort Medical (00853) with a "Buy" rating and a target price of HKD 16.8, citing the elimination of recent liquidity pressures and a shift in investor focus back to fundamentals [1] Group 1: Financial Performance and Projections - The company is expected to achieve profitability by the first half of 2026 through cost control and divestment of non-core assets [1] - Revenue projections for 2025, 2026, and 2027 are USD 1.109 billion, USD 1.241 billion, and USD 1.407 billion, representing year-on-year growth rates of 7.6%, 11.9%, and 13.3% respectively [1] Group 2: Strategic Developments - The introduction of Shanghai Industrial, a state-owned enterprise, as a strategic shareholder is anticipated to support the company's financial and business development [1] - Rapid growth in overseas business is expected to mitigate domestic market risks and provide long-term growth visibility [1] Group 3: Cost Management - The company is projected to further reduce operating expense ratios and financing costs [1]