[ET Net News Agency, 9 November 2023] Citi lowered its target price for Link REIT
(00823) to HKD50 from HKD61.4 and maintained its "buy" rating.
The research house said it expects FY24E DPU will drop by 7% on the impact of higher
average interest rate and dilution effect of rights issue.
However, despite the concerns on more HK people spending in Shenzhen driven by RMB
depreciation, Link's trade mix is more resilient to such changes. (RC)