CICC: LINK REIT Results In Line; Asset Recycling and Cost Control Support Distributions
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CICC reports LINK REIT's FY2026 results were in line with expectations, despite YoY declines in revenue, net property income, and DPU. The broker highlights that asset recycling, specifically the SGD250M sale of Thomson Plaza interest for unit buybacks, and cost control measures supporting HKD200M annual savings, will aid future distributions. CICC maintains an Outperform rating with a HKD43 target price, forecasting stable DPU growth.
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