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<Research>BofAS Keeps Buy on LINK REIT But Cuts TP to HKD43
Recommend 11 Positive 21 Negative 15 |
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BofA Securities has released a research report cutting its FY26-28 distribution per unit (DPU) forecast for LINK REIT (00823.HK) by 2-3%, given the company's worse-than-expected interim results for FY26 ending September. Its target price was also reduced from HKD45 to HKD43 accordingly. In BofA Securities' estimate, labor cost reductions at LINK REIT should help stabilize its DPU. By mid-FY27, the company should be able to adjust its business mix to better cope with e-commerce competition. Considering LINK REIT's valuation still attractive, BofA Securities reiterated a Buy rating on the company. AAStocks Financial News |
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