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<Research>CLSA Lifts LINK REIT's TP to HKD51; Rating Kept Outperform
Recommend 16 Positive 17 Negative 24 |
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LINK REIT (00823.HK)'s 1HFY26 results were below expectations, CLSA wrote in its research report. While the company has already put countermeasures in place, CLSA believes it is not until FY27 that the incremental negative impact will gradually diminish. Factoring in the weaker-than-expected performance of LINK REIT's Hong Kong and Mainland China malls, CLSA lowered its FY26-28 earnings forecasts for LINK REIT by 4.5%/ 1.6%/ 0.3%. However, the broker lifted LINK REIT's target price from HKD50.5 to HKD51 due to the decline in US Treasury yields. LINK REIT's rating was kept as Outperform. AAStocks Financial News |
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