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<Research>HSBC Research: Chance of REITs Being Included in Stock Connect High This Yr; LINK REIT/ FORTUNE REIT Preferred
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Real Estate Investment Trusts (REITs) may be an investment option to diversify risk, although the global trade environment is likely to continue to bring market uncertainty, according to a research report published by HSBC Global Research. The timetable for the inclusion of REITs in Stock Connect has not yet been announced, but several positive developments have been seen at this stage, HSBC Global Research said. These include the inclusion of A-share REITs as eligible investments for MPF and a stamp duty exemption on H-share REITs transfer. The broker also believed that the possibility of REIT Connect materializing this year is high. HSBC Global Research preferred LINK REIT (00823.HK) and FORTUNE REIT (00778.HK) in the H-share REITs sector as they have higher certainty of DPU and are focused on non-discretionary retail business. In addition, the inclusion on Stock Connect may help to re-rate the above two stocks as the shareholder base will be enlarged. Therefore, the broker rated LINK REIT/ FORTUNE REIT at Buy, with target prices of $41.6/ $5. AAStocks Financial News |
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