Link REIT Has Right Strategy for Navigating Weak Retail Recovery -- Market Talk

Dow Jones2023-11-24

0827 GMT - Link Real Estate Investment Trust has the correct strategy for steering through the weak retail recovery in Hong Kong and China, CCB International analysts Lung Siufung and Elena Chen say in a note. Link REIT's efforts to adapt its malls to cope with the effects of Covid-19 will pay off in the long run, the analysts say. These involve changes to the tenant mix at its malls from 2019 to 2023, which include scaling up food and beverage, as well as leisure and entertainment space, while downsizing supermarket space. In the near term, potential share buybacks may serve as a catalyst to the company's share price, the analysts add. They maintain an outperform rating and target price of HK$45.00 on the REIT. (gen.soledad@wsj.com)

(END) Dow Jones Newswires

November 24, 2023 03:28 ET (08:28 GMT)

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These involve changes to the tenant mix at its malls from 2019 to 2023, which include scaling up food and beverage, as well as leisure and entertainment space, while downsizing supermarket space. In the near term, potential share buybacks may serve as a catalyst to the company's share price, the analysts add. They maintain an outperform rating and target price of HK$45.00 on the REIT. (gen.soledad@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 24, 2023 03:28 ET (08:28 GMT)\n</p>\n<p>\n  Copyright (c) 2023 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Link REIT Has Right Strategy for Navigating Weak Retail Recovery -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLink REIT Has Right Strategy for Navigating Weak Retail Recovery -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-11-24 16:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0827 GMT - Link Real Estate Investment Trust has the correct strategy for steering through the weak retail recovery in Hong Kong and China, CCB International analysts Lung Siufung and Elena Chen say ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1794554557.SGD","symbol_name":"Allianz All China Equity AT Acc H2-SGD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2385984713","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2385984713","pubTimestamp":1700814480,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0827 GMT - Link Real Estate Investment Trust has the correct strategy for steering through the weak retail recovery in Hong Kong and China, CCB International analysts Lung Siufung and Elena Chen say in a note. Link REIT's efforts to adapt its malls to cope with the effects of Covid-19 will pay off in the long run, the analysts say. These involve changes to the tenant mix at its malls from 2019 to 2023, which include scaling up food and beverage, as well as leisure and entertainment space, while downsizing supermarket space. In the near term, potential share buybacks may serve as a catalyst to the company's share price, the analysts add. They maintain an outperform rating and target price of HK$45.00 on the REIT. 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Link REIT's efforts to adapt its malls to cope with the effects of Covid-19 will pay off in the long run, the analysts say. These involve changes to the tenant mix at its malls from 2019 to 2023, which include scaling up food and beverage, as well as leisure and entertainment space, while downsizing supermarket space. In the near term, potential share buybacks may serve as a catalyst to the company's share price, the analysts add. They maintain an outperform rating and target price of HK$45.00 on the REIT. 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