Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
00823 LINK REIT
RTNominal down75.550 -0.650 (-0.853%)
Research Report

04/12/2020 10:50

{I-bank focus}Morgan upgrades Link REIT (00823) to HK$78

[ET Net News Agency, 4 December 2020] Morgan Stanley lifted its target price for Link
REIT (00823) to HK$78 from HK$70 and upgraded its rating to "overweight" from
"equal-weight".
The research house said Link is the beneficiary of mass retail market outperformance,
due to the shift in middle-class spending. The company is one of two HK property stocks
that should see positive dividend growth in 2020. The dividend growth should accelerate to
7%+ in FY2022, with upside coming from asset acquisitions and portfolio revaluation gains.
Morgan said the stock is trading at a dividend yield of 4.3% in FY2021 and 4.6% in
FY2022. Other HK property stocks with a US$10bn+plus market cap are trading at a 4.4% FY1
(next twelve months) dividend yield but with a muted dividend growth outlook. Hence, it
considers Link's valuation attractive versys its own history and peers. (KL)

Remark: Real time quote last updated: 17/06/2021 17:59
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2021 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.