On July 3, Link REIT rose 3.04% in regular trading, reaching HK$37.98 per unit with turnover of HK$355 million, supported by a convergence of bullish institutional signals.
On the news front, multiple international investment banks have recently maintained their positive stance on Link REIT. JPMorgan increased its holdings by approximately 7.795 million units in early June at around HK$38.45 per unit, totaling approximately HK$300 million and bringing its stake to 5.01%. Citi upgraded the stock to Buy with a target price of HK$44.8, noting the worst period has passed. Bank of America raised its target to HK$46, citing improved recovery visibility. Morgan Stanley assigned an Overweight rating with a HK$44 target, while CLSA maintained Outperform at HK$48.5.
Management has committed to divesting 5-10% of non-core assets from the portfolio, with net proceeds earmarked for unit buybacks expected to enhance distributions per unit and shareholder returns. The current dividend yield exceeds 6%, ranking among the highest in the sector.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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