JP-LINK@EC2602A

Morgan Stanley Downgrades Rating and Target Price for Link REIT

UBS Report: Link Reit Anticipates Continued Negative Growth in Rental Renewals for H2 2026 Fiscal Year

JPMorgan Maintains Neutral Rating on Link REIT with Target Price

JPMorgan: New Chief Executive Search for Link REIT to Take Until 2027

Link REIT Launches Interim Leadership Structure and Adjusts Strategy

Eureka Roadshow's Chairman, Oudongqin, Switches to Independent Non-Executive Chairman, Song Junyan Appointed as Executive Director

Link REIT Issues 17.3367 million New Shares

LiangZhong Properties Fund Announces Interim Distribution Plan

Brokers Adjust Target Prices and Ratings for Multiple Stocks

Link REIT Announces Mid-Year Distribution of 126.88 HK cents per Unit

Fitch Confirms Link REIT's Long-Term Issuer Default Rating at A with Stable Outlook

Miramar Asset Management Provides Rent Reduction and Support Measures to Fire-Affected Tenants

BlackRock Increases Position in Link REIT by HKD 248 Million

CMBI Optimistic on Hong Kong Real Estate Recovery

Link REIT Supports Affected Individuals in Taipo Fire Incident

Link REIT Celebrates 20th Anniversary and Outlines Future Development Plans

Goldman Sachs Analyzes Link REIT's Mid-Year 2026 Fiscal Loss and Future Prospects

JPMorgan downgrades Link REIT to neutral and lowers target price

CMBI Downgrades Link REIT's Target Price But Maintains 'Buy' Rating

Citibank Downgrades Link REIT Target Price to HKD 45, Forecasting Potential Profit Pressure in H2 2026

TIMES UNI GP

STARCOIN GROUP

CENTURY GINWA

GUANZE MEDICAL

MANY IDEA CLOUD

WALNUT CAP

HING LEE (HK)

PCPD

CSI PPT W2704

ALLEGRO CULTURE

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UBS released a research report indicating that the valuation of Hong Kong property stocks is becoming expensive and recommends adopting a more selective investment strategy. The bank prefers low-debt, high-dividend, and buyback-themed stocks, such as SINO LAND, CK ASSET, and KERRY PPT. It is expected that property prices will increase by more than 10% over the next two years, mainly influenced by the return of immigrants. UBS holds a positive attitude towards SWIREPROPERTIES, SINO LAND, and LINK REIT, while taking a cautious view on HENDERSON LAND and HYSAN DEV

AASTOCKS

HENDERSON LAND

SWIREPROPERTIES

HYSAN DEV

CK ASSET

SINO LAND

HENDERSON INV

KERRY PPT

LINK REIT

"Big Banks" UBS: Hong Kong property stocks are becoming expensive in valuation, with a preference for low debt, high dividend, and buyback themes in stock selection

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Bank of America Securities recently raised the target price for Hong Kong real estate stocks by about 10%, believing that there is a significant divergence in the market regarding the outlook for property prices. Non-local investors are relatively optimistic, while local investors are focused on valuations. Bank of America is optimistic about CK ASSET and SINO LAND, preferring SWIRE PROPERTIES and HANG LUNG PPT. LINK REIT is the top pick due to its widening valuation gap. It is expected that property prices will increase by 10% to 15% over the next two years, but face risks such as interest rates and stagnant income

HANG LUNG PPT

TST PROPERTIES

HANG LUNG GROUP

According to "The Big Bank," Bank of America Securities has raised the target price for Hong Kong real estate stocks by an average of about 10%, with Link REIT being the top pick for catching up

Link Real Estate Investment Trust has announced the listing of US$600 million 4.875% Guaranteed Notes due 2036 on the Stock Exchange of Hong Kong. The notes are part of a US$5 billion Guaranteed Euro Medium Term Note Programme and are guaranteed by The Link Holdings Limited, Link Properties Limited, and HSBC Institutional Trust Services (Asia) Limited. The listing is expected to be effective on 3 February 2026 and is available to professional investors as defined by Hong Kong securities regulations.

Reuters

Link REIT Issues US$600 Million Guaranteed Notes

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In December 2025, Hong Kong Monetary Authority (HKMA) reported approving HK$31.2 billion in mortgages. This comes as a positive indicator for Hong Kong's property market, which had been experiencing a four-year slump. The approved mortgage amount signifies a potential revival in the property sector, hinting at increasing confidence among buyers and investors. The turnaround in the market demonstrates a promising shift and a potential economic recovery for Hong Kong.

Unusual Whales

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December saw a 7.1% rise in HK mortgage approvals despite lower applications. HKMA approves HK$31.2B mortgages, hinting at property market revival.

Link Real Estate Investment Trust has priced a US$600 million senior unsecured notes offering with a 10-year maturity and a coupon rate of 4.875%. The notes, rated “A” by Standard & Poor’s, will be issued on February 2, 2026, and listed on the Stock Exchange of Hong Kong. Proceeds will be used for general corporate purposes, aiming to extend Link REIT’s debt maturity profile and diversify funding sources.

Link REIT Prices US$600 Million Senior Unsecured Notes

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Citigroup released a research report assessing the investment ratings and target prices for Hong Kong property stocks. Wharf Holdings was rated as sell, with a target price of HKD 18.3; the ratings for Henderson Land, Hysan Development, New World Development, MTR Corporation, Sino Land, Hang Lung Properties, Kerry Properties, Fortune REIT, Link REIT, CK Asset, Swire Properties, Wharf REIC were rated as buy or neutral, with target prices ranging from HKD 4.8 to HKD 105; Champion REIT was rated as sell, with a target price of HKD 1.4

NEW WORLD DEV

SHK PPT

MTR CORPORATION

CHAMPION REIT

WHARF REIC

FORTUNE REIT

WHARF HOLDINGS

"Major Banks" Citigroup's Investment Ratings and Target Prices for Hong Kong Real Estate Stocks (Table)

LINK REIT collaborates with AlipayHK to launch a Chinese New Year event named "Hundred Flowers Bring Prosperity for the New Year," starting today at its 20 shopping malls. The event will distribute electronic cash vouchers worth up to HKD 1 million, and AlipayHK users can enjoy the "Fortune at the Door Discount." Additionally, until the end of June, LINK REIT will also offer spending discounts for visitors using mainland Alipay, applicable to designated malls and participating merchants

LINK REIT partners with AlipayHK to launch New Year benefits, distributing electronic cash vouchers worth up to HKD 1 million

LINK REIT announced a temporary leadership team, consisting of Chief Investment Officer Song Junyan and Chief Financial Officer Huang Guoxiang, until the new CEO takes office. Song Junyan will focus on investment operations, while Huang Guoxiang will be responsible for corporate functions. The board is working with headhunters to globally recruit a new CEO, aiming for a senior executive with experience in real estate investment and management. Ou Dunqin will continue to be involved in group affairs, providing support. LINK REIT is committed to providing robust investment solutions to create sustainable returns

LINK REIT: Song Junyan and Huang Guoxiang form a temporary leadership team and are globally recruiting a new CEO

JP-LINK@EC2602A(19429.HK)

"Big Banks" UBS: Hong Kong property stocks are becoming expensive in valuation, with a preference for low debt, high dividend, and buyback themes in stock selection

According to "The Big Bank," Bank of America Securities has raised the target price for Hong Kong real estate stocks by an average of about 10%, with Link REIT being the top pick for catching up

Link REIT Issues US$600 Million Guaranteed Notes

December saw a 7.1% rise in HK mortgage approvals despite lower applications. HKMA approves HK$31.2B mortgages, hinting at property market revival.

Link REIT Prices US$600 Million Senior Unsecured Notes