$LINK REIT(00823.HK)📈 Link REIT (0823.HK): Is this breakout built to last?Link REIT has bounced back strongly to HKD 40…
$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!
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