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

AASTOCKS News
2026.06.04 04:05
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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.