[ET Net News Agency, 9 August 2021] Citi raised its target price for Fortune REIT
(00778) to HK$9.62 from HK$9.36 and maintained its "buy" rating.
The research house said with an earlier-than-expected payout ratio lift back to 100% in
1H20 (from 90% in 1H20 and 95% in FY20), it believes FY21E DPU should achieve 4.6% YoY
growth. (RC)