HSBC Research Raises LINK REIT TP to HKD46.5, Upgrades to Buy
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HSBC Research has upgraded LINK REITfrom Hold to Buy, raising its target price from HKD40 to HKD46.5. This optimistic outlook is based on improvements in Hong Kong's retail sector and macroeconomic conditions, along with better-than-expected results from capital recycling initiatives. The forecast for distribution per unit for 2027 to 2028 has also been increased by 0.7% to 1.4%.
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