CICC released a research report stating that it has lowered the target price of Link Real Estate Investment Trust (00823.HK) by 15% to HK$40, reflecting the adjustment of profit forecasts and a more cautious long-term forecast. Due to the continuous weakness of the retail trade in Hong Kong, the 2025 distribution per unit (DPU) forecast of Link Real Estate Investment Trust was lowered by 4% to HK$2.57, and the 2026 DPU forecast was introduced, which was flat year-on-year, maintaining an 'outperform the industry' rating.
中金：下调领展房产基金(00823.HK)目标价15%至40港元 关注消费趋势变化对盈利影响
CICC: Lowers target price of Link Real Estate Investment Trust (00823.HK) by 15% to HK$40, paying attention to the impact of changes in consumer trends on profits.
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