HS-LINK@EC2611A

CLSA Maintains HK Real Estate “In-Line with Market” Rating, Recommends Buying Sun Hung Kai and Link REIT

BOC International Maintains Buy Rating on Link REIT, FY2026 Performance Declines YoY

JPMorgan Report: HK April Retail Sales Growth Slows, Maintains Neutral Rating on Cheung Kong & Link REIT

Morgan Stanley issues report citing HK retail recovery, upgrades Link REIT to Overweight

CICC Maintains Outperform Rating on Link REIT, Target Price HKD 43

Five Brokerages Consolidate Link REIT Ratings and Target Prices: Focus on Asset Sales and Buyback Plans

Citigroup lowers Link REIT target price to 48.5 HKD, reiterates 'outperform' rating

LINK REIT released FY2026 Q3 earnings on May 28 (BJT), actual revenue HKD 3.532 B, actual EPS HKD -1.115

LINK REIT released FY2026 9 Months Earnings on May 28 (BJT), actual revenue HKD 10.59 B, actual EPS HKD -1.7396

Link REIT Announces Full Year Results for the Year Ended March 31, 2026

Link REIT Announces Full-Year Results: Revenue and Distribution Drop Amid Negative Rental Adjustments, Plans to Sell Non-Core Assets to Stabilize Payouts

Link REIT Annual Results: HK Retail Property Renewal Rents Fall 8.2%

Link REIT Revives Buyback Plan Using Proceeds from SwingBy@Thomson Plaza Sale

Citi Report: Link REIT Annual Distribution Down 6.9%, Neutral Rating with Target Price of HKD 36.8

Link REIT Reports 2026 Fiscal Year Performance Decline, Plans to Divest Non-Core Assets

Link REIT announces completion of Tai Tung Plaza asset enhancement and launches community events

LINK REIT released FY2026 Q4 earnings on May 28 Pre-Market (BJT), actual revenue HKD 3.532 B, actual EPS HKD -1.115

LINK REIT released FY2026 Annual Earnings on May 28 Pre-Market (BJT), actual revenue HKD 14.13 B (forecast HKD 13.97 B), actual EPS HKD -2.8575 (forecast HKD 2.508)

LINK REIT to Release FY2026 Earnings on May 28 Pre-Market (BJT), Forecast Revenue HKD 13.97 B, EPS HKD 2.508

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Citi argues that concerns over HK government cooling measures are premature, as current price levels remain below historical thresholds for intervention. The bank favors a 'slow bull' market for sustainable recovery and recommends buying SHK PPT, CK Asset, Swire Properties, and Link REIT, citing strong fundamentals and attractive valuations despite near-term volatility.

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Citi: Concerns Over HK Govt Cooling Measures Premature; "Slow Bull" More Constructive; Recommends SHK PPT , CK ASSET , SWIREPROPERTIES  and LINK REIT

UOB Kay Hian views the recent pullback in Hong Kong property stocks as a buying opportunity, maintaining an 'Equalweight' sector rating. While new outbound investment regulations may curb mainland Chinese demand, they won't affect professionals living in HK. The broker raised its 2026 retail sales growth forecast to 5% and expects residential prices to rise 7%. Top picks are SHK PPT and LINK REIT, both rated 'Buy'.

UOB Kay Hian

UOB Kay Hian: Recent Pullback in Property Stocks Creates Buying Opportunities; Top Picks SHK PPT  and LINK REIT

BOCOM International reports LINK REIT's FY2026 results were in line with expectations, despite a 2% revenue decline due to negative rental reversion. Distribution per unit beat forecasts. The broker highlights mid-to-long-term catalysts including HKD10-20bn non-core asset disposals for buybacks and potential Stock Connect inclusion. Maintaining a Buy rating with a HKD45.7 target price, BOCOM expects FY2027 distributable income to remain stable.

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BOCOM International: LINK REIT  Results In Line; Buybacks a Mid-to-Long Term Catalyst

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JPMorgan reported Hong Kong's April retail sales grew 9% YoY, a moderation from March's 13%. Despite stable retail performance, rental reversion for WHARF REIC and LINK REIT remains weak. JPM maintained Neutral ratings on both but highlighted LINK REIT's upside potential due to its >6% dividend yield and capital recycling opportunities.

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JPM: HK Apr Retail Sales Growth Moderates; Reiterates Neutral on LINK REIT , WHARF REIC

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BofAS cut target prices for SHK PPT, Wharf Holdings, and Hang Lung Properties due to policy uncertainty suppressing high-end residential demand in Hong Kong. The broker expects home price growth to moderate, maintaining a 10% full-year forecast but ruling out aggressive increases. While lowering TP on these three stocks, BofAS maintained Buy ratings on LINK REIT and Swire Properties, favoring defensive plays with attractive valuations.

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BofAS Cuts TP on SHK PPT  and WHARF HOLDINGS on Policy Uncertainty Weighing on High-end Residential Demand

Citi upgraded its outlook on Hong Kong's non-essential consumer retail sector, citing stabilizing market rents. The bank identified SHK PPT, CK Asset, Swire Properties, and Link REIT as top picks in local property stocks. This recommendation is supported by solid April retail sales growth of 8.6% YoY, stable supermarket performance, and strong online retail momentum. Citi also noted that Link REIT was upgraded to Buy due to rent stabilization and a new capital management strategy.

Citi: Top Picks in Local Property Stocks SHK PPT , CK ASSET , SWIREPROPERTIES  and LINK REIT

M Stanley expects Hong Kong's May retail sales to maintain high single-digit YoY growth, citing healthy economic growth and tourism recovery. While April sales rose 8.6%, below market expectations, they aligned with forecasts. Additionally, LINK REITshows stabilizing rental trends in its Hong Kong portfolio despite conservative guidance. Consequently, M Stanley assigned an 'Overweight' rating to LINK REIT.

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M Stanley Expects Hong Kong May Retail Sales Data to Maintain High Single-Digit YoY Growth; LINK REIT  Rental Trend Stable

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.

CICC

CICC: LINK REIT  Results In Line; Asset Recycling and Cost Control Support Distributions

Hong Kong home prices reached a 30-month high in April, climbing for the 11th consecutive month with a 10.51% year-on-year increase. Rents also hit a record, rising 4.9% from last year. Analysts expect residential property prices to increase by 8% to 10% this year, with Morgan Stanley raising its forecast to 12%. However, potential interest rate hikes may slow growth later in the year, while demand from mainland buyers and stable liquidity continue to support the market.

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Hong Kong home prices jump to 30-month high

Citi has upgraded LINK REITfrom Neutral to Buy, raising the target price from HKD36.8 to HKD44.8. The report highlights improving retail tenant sales in Hong Kong, stabilizing cash rents, and the completion of asset disposals for share buybacks. A new CEO is expected to be appointed in 1Q/2QFY27E.

Citi Upgrades LINK REITto Buy, Raises TP to HKD44.8

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$LINK REIT(00823.HK)Is Link REIT (00823.HK) a deep-value buy or a falling knife? Let’s look past the noise. 🔷The Technicals Looking at the daily chart, the price has aggressively retreated to HKD 37.94, slamming right into the lower Bollinger Band. The 4-hour chart reveals an oversold RSI of 27.02. The momentum is firmly bearish and are entering a zone where selling pressure historically exhausts itself.🔷The FundamentalsDon’t let the headline accounting loss scare you. Link REIT is trading at a steep 34% discount to its Book Value (P/B of 0.66) and offers a juicy 6.68% dividend yield. The ultimate catalyst?The ex-dividend date is right around the corner on 11 June 2026, with a cash payout of 1.2673 HKD.🔷The Macro &amp; Fed UncertaintyThe big elephant in the room is macro uncertainty. Strong US economic data has caused institutions like Goldman Sachs to push back US Federal Reserve rate-cut expectations. Because of Hong Kong’s currency peg, local interest rates must stay “higher-for-longer” alongside the Fed. While this macro pressure drags on property sectors heavily reliant on debt, Link’s necessity-based retail portfolio offers a far superior defensive moat than discretionary malls.  The Verdict🔷For long-term retail investors seeking stable passive income, the combination of extreme oversold technicals and an imminent dividend distribution makes Link REIT highly compelling.What do you think?Are you buying this dip? Let me know below! 👇Personal view and not financial advice. Do your own DD.

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UBS raises LINK REIT target profit to HKD47.2 yesterday 😁.

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Link REITs closed at HKD 41 today . Awesome move💪🏽.

$LINK REIT(00823.HK)Link REIT: A Blue-Chip Giant at a Crossroads? 🇭🇰As of May 2026, Link REIT remains the king of Hong Kong’s retail space, but it is currently navigating a “tale of two cities”—strong operational resilience vs. rental pressure. If you’re tracking the 4H chart (currently near HKD 39.98), here is the latest intel!🔷 Fundamentals snapshots🟢 The Good: Tenant sales in Hong Kong are showing early signs of bottoming out, with a robust 11.8% YoY jump in early 2026. The REIT is also “pruning” its portfolio by selling Singapore’s Swing By@Thomson Plaza at a 23% premium to book value.🟢 The Bad: Negative rental reversion remains the biggest headache, widening to approximately 8.5% for the full year. This is expected to drag down the FY2026 DPU (Distribution Per Unit) by roughly 8%.🟢 The Opportunity: Management is hinting at unit buybacks using proceeds from asset sales, which could serve as a short-term catalyst for the stock price.🔷 Latest Analyst Recommendations (Less than 30 days old)Professional sentiment is “Cautiously Optimistic”:1️⃣ Morgan Stanley (5 May 2026): Upgraded to OVERWEIGHT with a TP of HKD 44. They predict an 80% chance the stock will outperform in the next 60 days.2️⃣ DBS Group Research (16 April 2026): BUY rating with a TP of HKD 43. They highlight an attractive 6.8% dividend yield, which beats most HK landlords.3️⃣ HSBC (9 April 2026): Maintains a HOLD with a TP of HKD40, citing near-term headwinds in non-essential retail.🔷The VerdictWatch the BB 20 SMA on your chart. Now the RSI is at 61.89, it is near overbought territory but still shows momentum. A break above HKD 40.50 could signal a fresh rally! 🚀

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Link REITs above HKD 40 now 💪🏽

I do agree your view too. Cheers and have good weekend.

Link Reits HK0823 new management are selling non core assets to hold my cash, pay debts and looking for strategic opportunities to beef up their core. Sold The Swing @ Thomson Plaza, now in discussions to sell Australian office assets. Markets are reacting to this news positively. I believe their NAV should improve further over time once all or most of their non-core are sold. $LINK REIT(00823.HK)

$LINK REIT(00823.HK)The High-Yield Comeback You Can’t IgnoreIf you are hunting for steady passive income in the Hong Kong market, Link REIT (0823.HK) is flashing a major buy signal. After weathering a tough stretch, the stars are finally aligning: share prices are climbing and the balance sheet is rock-solid. The recovery is not just a theory anymore. It is officially in motion.🔷Technical SnapshotThe chart is quietly building a bullish case for a trend reversal:❤️Momentum: At $36.68, Link is trading above its 20-period SMA ($36.18). Reclaiming this level suggests the short-term trend has shifted in favor of buyers.❤️Key Levels: Support has solidified at $35.44 (the lower Bollinger Band). A clean break above immediate resistance at $36.93 opens the door back toward the $39–$40 region.❤️RSI: Currently at 53.09, the “sweet spot.” It is neither oversold nor overbought. It is leaving plenty of room for sustained upside before hitting “expensive” territory.🔷Fundamentals SnapshotFor REIT investors, the balance sheet provides a massive margin of safety:♥️The Yield: A standout forward yield of 7.0% to 7.4%, supported by a forecasted FY2026 distribution of ~HK$2.57 per unit.❤️Valuation: Trading at just 0.59x Price-to-Book, you are effectively buying a global portfolio at a 41% discount to its net asset value.❤️Resilience: Net gearing is a conservative 22.5%. While HK retail faces macro pressure, international assets in Singapore and Australia are seeing strong double-digit rental reversions.🔷My VerdictLink REIT sits at the intersection of improving technicals and deep fundamental value. With analyst targets averaging HK$40–$42, investors could see 10–15% capital upside alongside a 7% dividend yield.For income seekers, it is a defensive powerhouse; for traders, it’s a bullish setup with a clearly defined floor.Not financial advice. Trade safety and stay vigilant at all times.

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$Amova-StraitsTrdg Asia REIT(CFA.SG)My no brainer dividend Etf stock in portfolio, dividend is paid every 3 months. ETF contain stocks from asia, like link reit in Hong Kong.

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[Day 11] Checking up LINK REITIt appears that the boat is coming back to for me to load more $LINK REIT(00823.HK). My buy level would be 35 and below. With a more than 7% yield at that level,it would offer a good margin of safety.🐲 let's go!

HS-LINK@EC2611A(29187.HK)

Citi: Concerns Over HK Govt Cooling Measures Premature; "Slow Bull" More Constructive; Recommends SHK PPT , CK ASSET , SWIREPROPERTIES and LINK REIT

UOB Kay Hian: Recent Pullback in Property Stocks Creates Buying Opportunities; Top Picks SHK PPT and LINK REIT

BOCOM International: LINK REIT Results In Line; Buybacks a Mid-to-Long Term Catalyst

JPM: HK Apr Retail Sales Growth Moderates; Reiterates Neutral on LINK REIT , WHARF REIC

BofAS Cuts TP on SHK PPT and WHARF HOLDINGS on Policy Uncertainty Weighing on High-end Residential Demand