On June 26, Link REIT rose 3.7% in regular trading, trading at HKD 37.54/share, with turnover of HKD 249 million.
The rally was driven by a convergence of positive factors. The company is advancing its non-core asset disposal and unit buyback strategy, with management expressing confidence in maintaining stable distribution levels. Meanwhile, expectations of stabilizing Hong Kong retail rents have strengthened market recognition of its recovery outlook.
On the institutional front, JP Morgan increased its stake by approximately 7.8 million units on June 5 at HKD 38.45 per unit, bringing its holding to 5.01%. Earlier, Citi upgraded Link REIT to a Buy rating with a target price of HKD 44.8, noting that the worst period has passed. BOCOM International maintained its Buy rating with a target of HKD 45.70, citing buybacks as a medium-to-long-term catalyst. Management has identified 5-10% of its portfolio as non-core assets for potential disposal, with proceeds earmarked for unit repurchases to enhance DPU and unitholder returns.
(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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