Morgan Stanley has released a research report maintaining an "Overweight" rating on LINK REIT (00823), with a target price of HK$44.
The real estate investment trust is slated to publish its operational update for the first quarter of fiscal year 2026/27 on September 8. The brokerage anticipates a narrowing in rental yield for the company's Hong Kong retail portfolio, alongside improvements in sales among food and beverage tenants and supermarket operators.
Morgan Stanley also expects further updates on the disposal of non-core assets, which could potentially signal an expansion of the unit buyback programme.
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