LINK REIT

Good share, vested in Link. Thanks 🤩

$LINK REIT(00823.HK)'s FY2026/27 buyback programme forms part of its "Back-to-Basics" strategy: recycle capital from non-core disposals, reinvest selectively in core Asia-Pacific retail, and repurchase units when they trade at attractive valuations. In 1H FY2026/27, Link deployed about HK$1.5 billion on buybacks, funded by asset recycling, including the S$250 million disposal of Swing By @ Thomson Plaza.

By 8 September 2026, it had already spent over HK$1 billion to repurchase more than 29 million units. For 2H FY2026/27, management plans a further HK$1-2 billion of buybacks, subject to market valuation, capital needs & investment opportunities. If fully deployed, FY2026/27 buybacks would total about HK$2.5 - 3.5 billion.

LINK's AGM mandate permits repurchases of up to 10% of units in issue excluding treasury units, so the programme remains well within its authorised ceiling.

Repurchased units may be cancelled or retained as treasury units. Both reduce units that are entitled to distributions, while treasury units remain in treasury, thus supporting DPU.

Cancellation makes the reduction permanent whereas treasury units could later be transferred or resold, restoring some dilution. (This topic will be expounded in further post)

The buyback is attractive while LINK trades materially below NAV. At about HK$41.5 on 12 Nov 26 versus Mar-2026 NAV of HK$57.75, the discount is ~28%. LINK can thus retire distribution claims cheaply and partly offset NPI lost through divestments.

For 1H FY2026/27, revenue fell 1.6% and NPI 0.8%, yet distributable income rose 0.4% and DPU remained broadly stable at HK$1.2725, supported by cost discipline and capital management (which includes the reduction of float shares).

Key test: can cheap buybacks continue to offset income lost from asset sales, and will treasury units stay out of circulation?

$LINK REIT(00823.HK)

📈 Link REIT (0823.HK): Is this breakout built to last?

Link REIT has bounced back strongly to HKD 40.14, rising from around HKD 35.00 earlier this year.

Does the recent technical move have solid fundamentals behind it? Let’s have a quick look:

1️⃣ Momentum Is Strong, But Getting Warm

• Higher lows since July show buyers are stepping in at rising levels, a positive sign.

• RSI is nearing overbought territory. Daily RSI stands at 68.84 and the 4‑hour reading is 69.51. Both are close to 70, so a short pause or consolidation would be normal here.

2️⃣ What Is Driving the Recovery

• Smart asset sales:

Divestments such as Swing By @ Thomson Plaza for S$250 million reduce debt and free up cash.

• Reinvesting for better returns:

Putting capital into suburban retail, including the recent discussions around a roughly 50 % stake in Eastpoint Mall. This will help to improve future income.

• Large buybacks supported the price:

Over HKD 1 billion spent on share repurchases between July and September helped put a floor near HKD 35.

Based on technical and current fundamentals:

This rally is not just market sentiment. It is backed by clear asset management moves and capital discipline.

The technicals suggest a short rest may be due but the strategic changes point to further gains over the medium term.

📊 See the full details in the infographic!

Disclaimer: For information only, not financial and investment advice. Dk your own due diligence.

🏆High-Yield Opportunity Amid Market Volatility?🙄

The CFA Amova-StraitsTrading Asia ex Japan REIT ETF currently trades at S$0.751. It is touching its 52-week low and sitting right at the lower Bollinger Band.

This is also a CPF approved fund. Based on high level time frame, weekly charts, it is approaching liberation day low.

Personally, I find CFA ETF gives me the diversification and what I need. Because it holds a basket of leading REITs so you do not need to pick individual stocks and monitor corporate actions.

With a 4.97% TTM dividend yield and top-tier holdings such as Link REIT, CICT and CapitaLand Ascendas REIT, the current price levels look attractive for long-term income investors.

🔷Key Points

• Entry Level

Near its 52-week low of S$0.748

• Income

Stable yield close to 5.0 percent

• CPF Eligible

Approved fund for CPF investments

⏰What to Watch

Interest rate changes and market concentration risks

🔷Not investment and financial advice . Do your due diligence.

I buy and leave it there for passive income using SRS 🤭

What is your Q4 strategy for Asian REITs?

$Amova-StraitsTrdg Asia REIT(CFA.SG)

Context: $LINK REIT(00823.HK)is the owner of the busy Jurong Point shopping mall which I frequent for more than 25 years. It's occupancy is mostly 100% as exiting tenants are always replaced immediately. It owns similar neighbourhood properties in Hong Kong, malls in China and also car parks in Hong Kong.

My Trade: I am currently happy to hold on to my stake and collect dividend while waiting for price to head north.

Takeaway: Buy REIT with a margin of safety and let it pay you to wait.

$LINK REIT(00823.HK)

Last week’s US jobs data means the chances of a Fed rate hike have dropped sharply.

That’s exactly what REITs need. I am holding Link REIT because I am convinced it will do very well as interest rates become more supportive.

Do you agree with my thinking? 🤔

$LINK REIT(00823.HK) closed the week at 38.60, at the side-lining level of Apr-May 2026.

The price is now:

1. below the 20MA,

2. below the mid band of the Bollinger band,

3. just supported on the 60MA,

4. above the supertrend dynamic support of 37.488 (p.s. the second image should be HKD and not SGD), and

5. formed lower high and lower low (but not really much).

$LINK REIT(00823.HK)

Anyone buying or holding Link REIT ? Do you know the Asia’s largest REIT now trades at just ~0.68x book value, a steep discount to its NAV of HK$57.75. Its current annual dividend yield at 6.5%. 😍

The current new management is actively recycling capital from non‑core asset sales into a 10% buyback programme. It is directly boosting NAV and DPU over time. It just matter of time the share price will trade higher☺️.

With low gearing of 23.9% and a resilient portfolio, this REITs looks attractive for dividend income investors 🤭 .

Are you on the same boat with me ?