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George Hongchoy: LINK REIT Results Reflect Macroeconomic and Market Environment Pressures
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LINK REIT (00823.HK) has just announced its interim results for the period ending September. Chairman Duncan Owen stated that in a complex macroeconomic landscape, Link REIT delivered resilient 2025/2026 interim results. Despite significant challenges, the company remained focused on operational efficiency and asset enhancement, which have already yielded meaningful progress. Link’s primary strength is still owning and managing retail assets in Hong Kong and the wider Greater Bay Area, and other locations in APAC such as Singapore and Australia. The company continues to focus on this strength whilst also expanding its real estate investment capabilities, focused on value-add strategies and higher returns. It is starting to see signs that the market and consumer sentiment are improving in a number of APAC locations including Hong Kong, though rental income growth will take time to materialise. Owen said that as the company transitions its leadership team, he would like to express his sincere gratitude to George Hongchoy, their Group Chief Executive Officer, for his outstanding leadership and contributions over the past 16 years as he prepares for retirement. Owen looks forward to working closely with the interim leadership team, including Kok-Siong Ng and John Saunders, to continue driving the business forward. George Hongchoy, Group Chief Executive Officer, said that the first half of the financial year has been marked by persistent macroeconomic headwinds and sector challenges, particularly in Hong Kong and the Chinese Mainland. While the company’s results reflect these pressures, he is grateful for the dedication of his teams, whose efforts have enabled company to maintain resilient results and healthy occupancy across its portfolio. Active management, operational efficiency and streamlining efforts in the first half have helped to reduce operating costs and preserve margins. At the same time, it continues to explore investment opportunities, particularly in Singapore and Australia, while also looking into opportunities to divest and recycle assets. AASTOCKS Financial News Website: www.aastocks.com |
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