Morgan Stanley: Assigns LINK REIT a target price of HKD 48 with a rating of "Overweight"
Morgan Stanley released a research report stating that the Chief Executive Officer and Executive Director of LINK REIT, Wong Kwok Lung, will retire at the end of June 2026, concluding his 16-year tenure. The bank believes that during Wong's tenure, he successfully transformed the company from an obscure community mall operator into a globally recognized and valuable real estate investment trust. The bank maintains LINK REIT as its industry preference, based on an attractive 6.2% yield, expectations of interest rate cuts in the U.S., potential inclusion in the Hong Kong Stock Connect, and the Singapore REIT spin-off plan; target price is HKD 48, with a rating of "Overweight." During his tenure, Wong actively built a high-quality management team, including current Chief Operating Officer Greg Chubb and other seasoned professionals, to ensure the company's continued development. The bank believes this personnel arrangement is expected to alleviate market concerns about succession planning and bring new strategies for implementing "LINK 3.0."
According to the Zhitong Finance APP, Morgan Stanley released a research report stating that Wang Guolong, the CEO and Executive Director of LINK REIT (00823), will retire at the end of June 2026, concluding his 16-year tenure. The bank believes that during Wang's tenure, he successfully transformed the company from an obscure community mall operator into a globally recognized and valuable real estate investment trust. The bank maintains LINK REIT as the industry favorite, based on an attractive 6.2% yield, expectations of interest rate cuts in the U.S., potential inclusion in the Hong Kong Stock Connect, and the Singapore REIT spin-off plan; target price is HKD 48, with a rating of "Overweight."
During his tenure, Wang actively built a high-quality management team, including current Chief Operating Officer Greg Chubb and other senior professionals, to ensure the company's continued development. The bank believes that this personnel arrangement is expected to eliminate market concerns about succession planning and bring new strategies for implementing "LINK 3.0."
