Morgan Stanley: "Overweight" rating for LINK REIT (00823) with a target price of HK$41.

Morgan Stanley has released a research report predicting that LINK REIT (00823) has an over 80% chance of outperforming the market in the next 60 days. It points out that the Federal Reserve has officially started a rate cut cycle, and considering that Link's Hong Kong retail property portfolio had a high occupancy rate of 98% as of the end of March this year, and a dividend yield of 6.9%, the company currently has a "overweight" rating with a target price of 41 Hong Kong dollars.