Brokers' ratings and target prices for Link Reit (0823.HK) prior to full year (FY 2024) results announcement
Link Reit (0823.HK), the largest real estate investment trust listed on the Hong Kong Stock Exchange, is due to report its full year results for fiscal year 2024 (year-end March 2024) on Wednesday, May 29th. The stock recently experienced a sell down after UBS released its latest research report on the company and downgraded the stock to "Sell". The stock closed at 33.45 HK$ on 28th May 2024.
The following table is a summary of brokers' target prices and ratings for Link Reit (prior to the results announcement):
| Broker | Ratings | Target Price (HK$) |
| UOB KH | Overweight | 48.15 |
| Morgan Stanley | Overweight | 48 |
| Goldman Sachs | Buy | 47.6 |
| HSBC Global Research | Buy | 47 |
| CICC | Buy | 47 |
| DBS | Buy | 46.5 |
| CLSA | Buy | 46 |
| Jefferies | Buy | 41 |
| Bank of America Securities | Neutral | 38 |
| UBS | Sell | 31.5 |
Source: AAStocks
The brokers' average target price for Link Reit is 44.075 HK$. That represents a 31.76% upside from the closing price of 33.45 HK$ on May 28th. See this earlier post for a summary of brokers' latest forecast for Link Reit's 2024 full year DPU.