On June 11th, Link Real Estate Investment Trust (0823.HK) fell 4.42% to HKD 32.4 with a turnover of HKD 592 million for the whole day. In terms of news, Link Real Estate Investment Trust's target price was lowered by China International Capital Corporation. The bank stated that they are concerned about the sustained weakness of the Hong Kong retail trade industry and that it may drag down Link's distribution per unit (DPU), so they have lowered Link's target price by nearly 15% to HKD 40, down from the previous HKD 47, while still maintaining a "outperform" rating for the industry.
港股异动丨领展收跌4.42%，被中金降目标价
Hong Kong stock abnormality: Link REIT fell 4.42%, and its target price was lowered by CICC.
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