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RTNominal up61.400 +0.450 (+0.738%)

02/07/2020 15:58

{I-bank focus}HSBC lifts Link REIT (00823) to HK$87.1

[ET Net News Agency, 2 July 2020] HSBC Global Research lifted its target price for Link
REIT (00823) to HK$87.1 from HK$82.7 and maintained its "buy" rating.
The research house believes Link will benefit from the recovery of the non-discretionary
retail market in Hong Kong. With the gradual easing of local social distancing measures
related to COVID-19, its REIT's tenancy business should see some improvements in the next
few months as its business mix is largely non-discretionary in nature.
HSBC expects stable DPU (distribution per unit) growth from 2021-23 of around 0-5%. (KL)

Remark: Real time quote last updated: 07/08/2020 17:58
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