MS-LINK@EC2609A

HARBOUR DIGITAL

CONGYU INTE AGR

GF HEALTHCARE

KWONG MAN KEE

51WORLD

160 HEALTH

HUILI RES

HUAYUEXPRESSWAY

METASURFACE

CHERISH SUN

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The Asset Management Director of LINK REIT, Luo Xinqi, stated that the Chinese dining and gold shop businesses at Wong Tai Sin Center performed well, with foot traffic in the mall increasing by over 10% year-on-year. The group is intensifying efforts to enhance asset quality and renovate the mall, adding installations and dining elements that reflect local culture to attract consumers. In response to the impact of e-commerce, the group has strengthened the dining elements of the mall and introduced appealing mainland brands and offline experience projects

AASTOCKS

LINK REIT

High-end consumption rebounds first, LINK REIT: Accelerate the improvement of asset quality and renovation of shopping malls

LINK REIT's Wong Tai Sin Centre saw foot traffic increase by over 10% during the Lunar New Year period. The company plans to implement community-building projects in multiple shopping malls to encourage consumers to stay longer and spend more. Asset Management Director Luo Xinqi stated that the luxury goods sector is recovering quickly, and the essentials sector is also improving. LINK REIT will adjust its tenant mix, increasing dining and offline experience merchants, and will introduce more potential brands in the future. The Kwun Tong community mall is expected to be completed in the 2026/27 fiscal year, with good leasing conditions

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During the Lunar New Year period, the foot traffic at Wong Tai Sin Center under LINK REIT increased by over 10%. Plans are in place to implement community-building projects in multiple shopping malls to encourage consumers to "stay longer and spend a bit."

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Bank of America Securities recently raised the target price for Hong Kong real estate stocks by about 10%, believing that there is a significant divergence in the market regarding the outlook for property prices. Non-local investors are relatively optimistic, while local investors are focused on valuations. Bank of America is optimistic about CK ASSET and SINO LAND, preferring SWIRE PROPERTIES and HANG LUNG PPT. LINK REIT is the top pick due to its widening valuation gap. It is expected that property prices will increase by 10% to 15% over the next two years, but face risks such as interest rates and stagnant income

CK ASSET

SINO LAND

HANG LUNG PPT

TST PROPERTIES

HANG LUNG GROUP

SWIREPROPERTIES

According to "The Big Bank," Bank of America Securities has raised the target price for Hong Kong real estate stocks by an average of about 10%, with Link REIT being the top pick for catching up

Link Real Estate Investment Trust has announced the listing of US$600 million 4.875% Guaranteed Notes due 2036 on the Stock Exchange of Hong Kong. The notes are part of a US$5 billion Guaranteed Euro Medium Term Note Programme and are guaranteed by The Link Holdings Limited, Link Properties Limited, and HSBC Institutional Trust Services (Asia) Limited. The listing is expected to be effective on 3 February 2026 and is available to professional investors as defined by Hong Kong securities regulations.

Reuters

Link REIT Issues US$600 Million Guaranteed Notes

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In December 2025, Hong Kong Monetary Authority (HKMA) reported approving HK$31.2 billion in mortgages. This comes as a positive indicator for Hong Kong's property market, which had been experiencing a four-year slump. The approved mortgage amount signifies a potential revival in the property sector, hinting at increasing confidence among buyers and investors. The turnaround in the market demonstrates a promising shift and a potential economic recovery for Hong Kong.

Unusual Whales

FI CSOP HSI

FL2 CSOP HSI

December saw a 7.1% rise in HK mortgage approvals despite lower applications. HKMA approves HK$31.2B mortgages, hinting at property market revival.

Link Real Estate Investment Trust has priced a US$600 million senior unsecured notes offering with a 10-year maturity and a coupon rate of 4.875%. The notes, rated “A” by Standard & Poor’s, will be issued on February 2, 2026, and listed on the Stock Exchange of Hong Kong. Proceeds will be used for general corporate purposes, aiming to extend Link REIT’s debt maturity profile and diversify funding sources.

Link REIT Prices US$600 Million Senior Unsecured Notes

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Citigroup released a research report assessing the investment ratings and target prices for Hong Kong property stocks. Wharf Holdings was rated as sell, with a target price of HKD 18.3; the ratings for Henderson Land, Hysan Development, New World Development, MTR Corporation, Sino Land, Hang Lung Properties, Kerry Properties, Fortune REIT, Link REIT, CK Asset, Swire Properties, Wharf REIC were rated as buy or neutral, with target prices ranging from HKD 4.8 to HKD 105; Champion REIT was rated as sell, with a target price of HKD 1.4

NEW WORLD DEV

SHK PPT

MTR CORPORATION

CHAMPION REIT

HYSAN DEV

KERRY PPT

HENDERSON LAND

WHARF REIC

FORTUNE REIT

HENDERSON INV

WHARF HOLDINGS

"Major Banks" Citigroup's Investment Ratings and Target Prices for Hong Kong Real Estate Stocks (Table)

MS-LINK@EC2609A(26950.HK)

High-end consumption rebounds first, LINK REIT: Accelerate the improvement of asset quality and renovation of shopping malls

During the Lunar New Year period, the foot traffic at Wong Tai Sin Center under LINK REIT increased by over 10%. Plans are in place to implement community-building projects in multiple shopping malls to encourage consumers to "stay longer and spend a bit."

According to "The Big Bank," Bank of America Securities has raised the target price for Hong Kong real estate stocks by an average of about 10%, with Link REIT being the top pick for catching up

Link REIT Issues US$600 Million Guaranteed Notes

December saw a 7.1% rise in HK mortgage approvals despite lower applications. HKMA approves HK$31.2B mortgages, hinting at property market revival.