LNK2506 LNK JUN5
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LNK JUN5 News
LINK REIT (00823) spent 24.9483 million HKD to repurchase 0.755 million shares on January 3rd.
LINK REIT (00823) announced that on January 3, 2025, the company will spend 24.9483 million...
Major rating丨Morgan Stanley: The theoretical improvement in daily essentials retail is beneficial for Link REIT, maintaining a "Shareholding" rating.
Gelonghui, January 3 | JPMorgan published a Research Report indicating that due to the strengthening of the Hong Kong dollar and the lack of significant improvement in visitor numbers to Hong Kong in December last year, the poor performance of Hong Kong retail is expected to continue. The bank also believes that in the second quarter of this year, retail sales of daily necessities may see a moderate year-on-year growth compared to the same period in 2024. JPMorgan mentioned that the improvement in daily necessities retail theoretically benefits Link REIT; however, the primary driver of its stock price remains the changes in U.S. 10-Year Treasury Notes Yield. Thus, the Federal Reserve's more hawkish stance may exert pressure on Link REIT's stock price in the short term. The bank believes that the continued improvement in daily necessities retail could at least alleviate market concerns.
"J.P. Morgan on 'Great Industry': Improvements in retail of daily necessities theoretically benefit Link REIT (00823.HK), but the main driver of stock price remains the fluctuations in the 10-year government bond yield."
The Census and Statistics Department announced yesterday (2nd) that under a low base, the preliminary estimate for the total retail sales value in Hong Kong for November 2024 is 31.7 billion dollars, which is a 7.3% year-on-year decline, far below the market expectation of a 3.4% year-on-year decline. JPMorgan issued a Research Report stating that due to the strengthening of the Hong Kong dollar and the lack of significant improvement in the number of visitors to Hong Kong in December last year, the poor retail performance in Hong Kong is expected to continue. The bank also believes that retail sales of daily necessities may experience moderate year-on-year growth in the second quarter of this year compared to the same period in 2024. Morgan Stanley mentioned that the improvement in daily necessities retail theoretically benefits Link REIT (00823.HK), but its stock
According to "The Hong Kong Journal," Morgan Stanley forecasts that retail sales in Hong Kong will fall by another 5% this year, favoring Link REIT (00823.HK).
Morgan Stanley published a report indicating that Hong Kong's retail sales declined by 7.3% year-on-year in November last year, widening from a 3% drop in October, worse than expected, due to weak visitor traffic from the mainland. Meanwhile, supermarket performance was excellent, increasing by 3.5% year-on-year. The firm predicts that Hong Kong's retail sales will decline by another 5% this year. There is a preference for Link REIT (00823.HK). Morgan Stanley noted that WHARF REIC (01997.HK), Link REIT, and Hutchison Whampoa (00014.HK) underperformed the Hang Seng Index last year. Retail sales have dropped for nine consecutive months. As the firm expects retail sales to continue declining year-on-year this year, it believes these stocks will.
LINK REIT (00823) purchased approximately 50.62275 million HKD to buy back 1.5416 million fund units on January 2.
LINK REIT (00823) announced that on January 2, 2025, it will spend approximately 50.62275 million Hong Kong dollars for repurchase...
BOCOM INTL: For Hong Kong stocks this year, it is advisable to plan before taking action. Focus on Technology stocks such as Alibaba, Trip.com, NetEase, and Tencent.
The BOCOM INTL market outlook report for this year states that the Global economy is entering a phase of cyclical transition. Monetary policy is shifting from tightening to easing, leading to an improvement in liquidity in the financial system. However, structural challenges such as geopolitical tensions and rising trade protectionism are emerging, making the growth pattern in the post-tightening era a game between policy easing and structural challenges. Investors must plan carefully before acting in order to seize opportunities amid changes, rather than simply following traditional pro-cyclical investment logic. The report predicts that while the stock market will have support in 2025, it will also face disturbances, suggesting a balanced allocation. Regarding Insurance stocks: both asset and liability sides face high bases but possess defensive characteristics and flexibility.
LINK REIT (00823) repurchased approximately 1.2463 million fund units at a cost of about 41.019 million fund units on December 31.
LINK REIT (00823) announced that on December 31, 2024, it spent approximately 41.019 million units of the fund...
LINK REIT (00823) repurchased approximately 60.5626 million Hong Kong dollars worth of 1.8664 million fund units on December 19.
LINK REIT (00823) announced that on December 19, 2024, it will spend approximately 60.5626 million HKD to acquire...
J.P. Morgan's investment ratings and Target Prices for Hong Kong real estate stocks and Banks (table).
JPMorgan published a research report, listing the investment ratings and Target Prices for local property stocks as follows: Stock | Investment Rating | Target Price (HKD) SHK PPT (00016.HK) | Neutral | 70 HKD CK ASSET (01113.HK) | Neutral | 32 HKD HANG CHI PROPERTY (00012.HK) | Shareholding | 25 HKD SINO LAND (00083.HK) | Shareholding | 10 HKD NEW WORLD DEV (00017.HK) | Shareholding | 5.6 HKD SWIREPROPERTIES (01972.HK) | Shareholding.
Hong Kong Stock Movements | Hong Kong Property Stocks decline as the Federal Reserve implements a "hawkish rate cut". Morgan Stanley anticipates that Hong Kong's property market will still face challenges next year.
Hong Kong Property Stocks declined. As of the time of publication, LINK REIT (00823) fell by 2.55%, trading at 32.45 HKD; SHK PPT (00016) decreased by 2.23%, at 72.3 HKD; HENDERSON LAND (00012) dropped by 2.07%, at 23.6 HKD.
Hong Kong Property Stocks have all fallen. NEW WORLD DEV (00017) is down by 3.61%. The Federal Reserve may slow down interest rate cuts.
Kango Financial News | Hong Kong Property Stocks fell across the board, NEW WORLD DEV (00017) down 3.61%, LINK REIT (00823) down 2.4%, SHK PPT (00016) down 2.37%, HENDERSON LAND (00012) down 2.28%, HANG LUNG PPT (00101) down 1.74%, WHARF REIC (01997) down 1.61%. On the news front, the Federal Reserve announced a 25 basis point interest rate cut, and the statement hinted at a slower pace of rate cuts; the dot plot shows that next year's rate cut forecast has been adjusted from 4 cuts to 2. Powell stated that future considerations for interest rate adjustments can be more cautious.
Express News | LINK REIT: On December 18, approximately HKD 44.066 million was spent to repurchase 1.3238 million units of the fund.
Express News | LINK REIT: On December 17, invested 66.5106 million HKD to repurchase 2 million fund units.
S&P confirms Link REIT (00823.HK) long-term issuer credit rating "A" with a stable outlook.
The rating agency Standard & Poor's stated that even if the retail market in Hong Kong continues to be sluggish in the next one to two years, it believes Link REIT (00823.HK) can rely on its strong market positioning, Hold essential goods-related retail Assets, increasing overseas Assets, and a declining debt ratio, which can provide a downward buffer for the group's Crediting rating. Therefore, it confirms Link REIT's "A" rating and a "stable" rating outlook. S&P believes that the renewal rent for Link REIT's shopping malls in Hong Kong will record negative growth in the coming months, with expiring leases expected to decline by about 5% within the next 12 to 24 months, while the occupancy rate will maintain a resilient level of 96% to 97%. S&P pointed out that Link REIT's acquisition of new
According to Morgan Stanley, the outlook for Hong Kong real estate remains challenging next year, with a preference for stocks like New World Development (00016.HK) and Link REIT (00823.HK) that have sustainable dividend-paying ability.
Morgan Stanley published a research report indicating that there will be no improvement in the Hong Kong Real Estate market next year, which is expected to remain challenging, with interest rates remaining at a high level, unfavorable for the overall development of the Hong Kong property market. Although many local Real Estate stocks are undervalued, Morgan Stanley believes that market oversupply and developers' inventory accumulation are unhelpful for market development. It is currently forecasted that residential property prices will continue to decline in the first half of next year. As favorable factors such as higher mortgage ratios, the cancellation of additional stamp duty, lower mortgage rates, rising rental levels, and population Inflow emerge, they should contribute to property prices rising in the second half of next year. Morgan Stanley is Bullish on developers with sustainable dividends, preferring Sun Hung Kai Properties.
Morgan Stanley: It is expected that Hong Kong Residence prices will decline by 5% in 2025, and the property market may stabilize and reach the bottom.
Looking ahead to 2025, there will still be some downward space in the Hong Kong property market, but signs of a bottoming out seem to have emerged. The bank expects that office and retail rents will continue to decline by 5% in 2025, and retail sales are expected to fall by 5%.
Major banks rating丨Morgan Stanley: Expects Hong Kong property prices to decline by another 5% in the first half of next year, generally lowering the Target Price for real estate and House Rental Companies.
On December 13, Gelonghui reported that Morgan Stanley issued a report predicting that housing prices in Hong Kong will drop by another 5% in the first half of next year, and will turn positive in the second half, remaining flat for the entire year (previously predicted to drop by 5%). Office and retail rents are expected to decline by another 5%. Although there is valuation support, the bank believes that real estate stocks will continue to perform poorly, and has generally lowered the Target Price for real estate and House Rental Companies, focusing on the sustainability of dividends. The bank downgraded WHARF REIC's rating from 'Shareholding' to 'Shareholding', lowering the Target Price from 28 Hong Kong dollars to 20 Hong Kong dollars, and downgraded HYSAN DEV's rating from 'In line with the market' to 'Shareholding', lowering the Target Price from 14 Hong Kong dollars to 13 Hong Kong dollars.
"The big companies", Morgan Stanley predicts that next year, property prices in Hong Kong will remain stable, while office and retail rents will drop by another 5%. The Target Price for property and House Rental Companies is generally lowered.
Morgan Stanley released a report predicting that in the first half of next year, property prices in Hong Kong will fall by another 5% and turn positive in the second half, resulting in flat property prices for the year (previously forecasted to fall 5%). Office and retail rents are expected to decline by an additional 5%. Although there is valuation support, the bank believes that the performance of real estate stocks continues to be poor, and generally lowers its target prices for real estate and House Rental Companies, focusing on the sustainability of dividends. They also added two new stocks with a "sell" rating and downgraded WHARF REIC (01997.HK) from "Shareholding" to "Shareholding," reducing the target price from 28 to 20 Hong Kong dollars, and downgraded Hysan Development (00014.HK) from "in line with the market" to "
LINK REIT (00823.HK) has received a Shareholding of 0.3816 million fund units by Blackrock, valued at approximately 13.1109 million Hong Kong dollars.
On December 12, it was reported that according to the documents disclosed by the Hong Kong Stock Exchange on December 12, Blackrock Inc. increased its shareholding on December 9 by purchasing 0.3816 million units of LINK REIT (00823.HK) at an average price of 34.3577 HKD per unit, amounting to approximately 13.1109 million HKD. After the increase, Blackrock's latest Hold Positions amount to 0.232 billion units, and the shareholding ratio increased from 8.99% to 9.01%. Image source: Stock disclosure from the exchange. What is equity disclosure? According to the Hong Kong Stock Exchange requirements, major shareholders (holding 5%)
Wang Guolong advocates introducing a corporate structure for Hong Kong REITs to increase investment flexibility.
Deloitte China has jointly released a specialized research report titled "Unlocking Growth Potential - Outlook for the Hong Kong REIT Market" with the Hong Kong REIT Association (HKREITA), suggesting the introduction of a REIT company structure, flexible development and property holding regulations, tax transparency measures, and the reduction of stamp duty on property transfers, among other measures, which will enhance the attractiveness of the REIT market in Hong Kong. The Honorary Founding President and Chairman of the Association, Wong Kwok Lung, Executive Director of Link Asset Management (00823.HK) and Group CEO, stated that introducing a corporate structure for Hong Kong REITs and maintaining asset protection through independent custodians will provide flexibility and attract investment.