Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>UBS: LINK REIT (00823.HK) Valuation Reflects Weak HK Retail Fundamentals; Rating Kept at Buy
Recommend 8 Positive 7 Negative 2 |
||||
|
||||
|
LINK REIT (00823.HK) released its 3FQ26 operational data update yesterday (16th), UBS released a research report saying. The broker observed several positive points, including a clearer strategic focus on non-core asset recycling; an increased likelihood of share buybacks given the high threshold for new acquisitions; and overall tenant sales stabilizing in 3FQ26. That said, UBS believed that the recent recovery in the retail market should provide a cushion against further downside. LINK REIT's current dividend yield is about 7%, with a PB ratio of approx. 0.6x, and the broker believed that the weak fundamentals of Hong Kong retail have been largely priced in. Looking ahead, the successful sale of non-core assets and potential share buybacks should act as positive catalysts for the share price. Therefore, UBS reaffirmed rating at Buy on LINK REIT, and kept its target price at $42. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
