Added to YB: 2025-03-04
Pitch date: 2025-03-02
0823.HK [bullish]
Link Real Estate Investment Trust
+4.75%
current return
Author Info
Asian Century Stocks is a former buy-side investor in Asia that now focuses on researching value stocks in Asia and sharing them in his newsletter. Sign up for the newsletter.
Company Info
Link Real Estate Investment Trust, managed by Link Asset Management Limited, is the largest REIT in Asia, and a leading real estate investor and asset manager in the world.
Market Cap
HKD 95.5B
Pitch Price
HKD 32.93
Price Target
N/A
Dividend
7.29%
EV/EBITDA
16.85
P/E
-41.49
EV/Sales
11.32
Sector
Retail REITs
Category
dividend
LINK REIT - $0823.HK
0823.HK: Asia's largest REIT, HK retail focus. 10% DPU growth pre-2019. Recent challenges: HK protests, COVID, high rates. Overseas expansion at low cap rates. 7% yield (vs 4% historical). Strong assets, internally managed. New 'Link 3.0' vision, asset enhancements planned. Potential catalyst: Stock Connect inclusion (March?). Risks: interest rates, past capital allocation.
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