Furui released a research report sayingdddjlcom, forecast that Link Real Estate Fund (00823) will have a distribution per fund unit of 2 in the fiscal year 2024 to 2025dddjlcom53 yuan, expected to be affected by the increase in new assets and repurchase will increase interest rates. Growth is indeed a challenge. I believe that trading with a yield of 7.2%, many negative factors have been reflected in the price, and lowered its target price from HK$43 to HK$41, giving it a "buy" rating.
The bank expects that Link Real Estate Fund's fiscal year 2025 earnings will rely on new assets and repurchases to offset the impact of debt repricing. It also points out that Hong Kong's retail industry is facing challenges, but believes that the resilience of Link's non-discretionary investment portfolio is sometimes ignored, giving priority to developers, followed by landlords.
