Bocom Intl: Link REIT (00823.HK) dividend higher than market expectations, maintaining high occupancy rate.
bocom intl's research report indicates that Link(00823.HK) income and net property income for the first half of the 2025 fiscal year increased by 6.4% and 5.8% respectively year-on-year to 7.153 billion and 5.359 billion yuan, distributable income increased by 4.3% year-on-year to 3.476 billion yuan, and the dividend per unit increased by 3.7% year-on-year to 134.89 cents, higher than market expectations. The bank pointed out that the rental adjustment rate for Hong Kong retail properties increased by 0.7% during the period, with a high occupancy rate maintained at 98%, and total retail income increased by 2.6% to 3.829 billion yuan. In addition, mainland China and Singapore's retail property portfolios increased by
HKMA: Interest rates may remain at relatively high levels for a period of time.
The Federal Reserve in the USA cut interest rates by 0.25 basis points. The Hong Kong Monetary Authority stated that as expected by the market, the Fed further lowered interest rates, implementing a looser monetary policy. However, the future pace of rate cuts depends on the economic data in the USA, which will be affected by fiscal and economic trade policies, thus there are still many variables. Additionally, since the monetary policy environments of major economies are not necessarily fully synchronized, the risk of global market volatility is worth noting. The Hong Kong Monetary Authority mentioned that the financial and monetary markets in Hong Kong are operating smoothly, with stable market liquidity and a stable exchange rate of the Hong Kong dollar. The Hong Kong dollar's interbank interest rates are generally approaching the US dollar rates under the linked exchange rate system, while shorter-term interbank rates.
DBS Vickers: Link REIT (00823.HK) conservative guidance limits upside potential.
CMB International released a report indicating that Link REIT (00823.HK) performed well in the mid-2025 fiscal year, with the distribution per unit (DPU) growth exceeding expectations, increasing by 3.7% year-on-year to 1.3489 yuan. The bank pointed out that despite the good performance, the new chairman of the company adopts a cautious attitude towards market uncertainties and the implementation of Link 3.0 strategy. They believe that the new chairman needs time to integrate with the existing team, Link REIT's asset management needs to establish a track record for potential capital providers, and market adjustments require more time to stabilize, indicating that conservative guidance limits the upside potential. The bank mentioned that although the management confirms their previous expectations for 2
Nomura Raises UBS Group Lifts (00823.HK) Target Price to 39.4 Yuan, with a cautious outlook for the second half of the current fiscal year.
UBS Group's report stated that Link REIT (00823.HK) is cautious about the outlook for the second half of the current fiscal year ending in March next year (2025 fiscal year). Although the recent decline in tenant sales has stabilized and narrowed, management indicated that the rebound in renewal rents in the second half of the 2025 fiscal year will be lower than the 0.7% seen in the first half ending in September of this year. The latest overall rent-to-sales ratio has reached 13.1%, with the company aiming to maintain it below 14%. At the same time, Link REIT's primary focus is on maintaining occupancy rates and maintaining good relationships with tenants. UBS Group pointed out that several leading listed retail tenants, such as Jardine Matheson International (02217)
Daily Bull and Bear | Market focuses on the National People's Congress Standing Committee! Hang Seng Index Futures broke through the 0.021 million level, with many bull certificates surging over 150%; china-affiliated brokerage stocks soared, with many GF
At the close, the turnover of the market reached 219.775 billion Hong Kong dollars, with a total turnover of 19.841 billion Hong Kong dollars for all warrant bull and bear certificates, accounting for 9.0% of the market turnover, of which the bull position accounts for 5.4%, and the bear position accounts for 3.6%.
[Brokerage Focus] Bocom Intl maintains a buy rating on Link REIT (00823), citing its first half-year dividend payout exceeding market expectations.
Golden Finance News | Bocom Intl issued research reports, stating that Link Reit (00823) announced its financial performance for the first half of the 2025 fiscal year, with revenue/net property income increasing by 6.4%/5.8% year-on-year to 7.153 billion/5.359 billion Hong Kong dollars, distributable income increasing by 4.3% year-on-year to 3.476 billion Hong Kong dollars, dividend per unit increasing by 3.7% year-on-year to 134.89 Hong Kong cents, approximately 4.5% higher than the market expectation of around 129 Hong Kong cents. In China Hong Kong, retail rental adjustment rate reached +0.7% during the period, maintaining a high occupancy rate at 98%, with retail total income growing by 2.6% to 38.2 billion.