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<Research>Citi Expects LINK REIT (00823.HK) to Show Strong Performance in May w/ TP $47.82
Recommend 16 Positive 32 Negative 13 |
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Citi Research issued a research report saying that LINK REIT (00823.HK)'s share price hiked recently, and expecting the Group to perform strongly in May. LINK REIT is the biggest beneficiary of the upcoming Stock Connect inclusion of REITs, while the retail sector is favorable during the May Day Golden Week, coupled with a narrowing decline in Hong Kong's retail sales in March, the broker added. Citi Research reiterated rating at Buy on LINK REIT, with a target price of $47.82, making it the broker's top pick among Hong Kong REITs. AAStocks Financial News |
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