Latest Search
Quote
| Back Zoom + Zoom - Top | ||||
|
<Research>HSBC Research: More Policy Support to Stabilize Retail Mkt; WHARF REIC/ LINK REIT Preferred
Recommend 9 Positive 18 Negative 9 |
||||
|
||||
|
The duty-free allowance for mainland Chinese tourists visiting Hong Kong and Macau for shopping increased from RMB5,000 to RMB12,000, with effect from 1 July, which is basically in line with HSBC Global Research's expectation on the direction of policy support, HSBC Global Research issued a research report saying. HSBC Global Research believed that more favorable measures will be introduced successively to stabilize the retail market. Among the retail landlords, HSBC Global Research preferred WHARF REIC (01997.HK) and LINK REIT (00823.HK), and believed that LINK REIT is one of the few REITs that may resume DPU from FY2025. Therefore, the broker rated LINK REIT at Buy, with a target price of $45. HSBC Global Research also believed that WHARF REIC may resume profit growth in the next few years, and rated it at Buy, with a target price of $36.6. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
