Morgan Stanley: Expects LINK REIT (00823) stock price to outperform the market in the next 60 days, rating it as "overweight".

Morgan Stanley released a research report stating that the future stock price of LINK REIT (00823) will outperform the market in the next 60 days, with a probability of over 80%. The target price is 44 Hong Kong dollars, with a rating of "hold". The report points out that retail sales in Hong Kong have shown strong performance, with a year-on-year increase of 11.8% in the first two months of 2026, following a 5% growth in the second half of 2025. As a representative of retail properties, LINK REIT will benefit from the recovery trend. The bank believes that a strong stock market and a rebound in the residential market will further drive retail sales growth, ultimately leading to positive rental growth. Meanwhile, LINK REIT has a dividend yield of 6.5%, the highest within the bank's coverage universe, and one of the highest dividend yields in the Hong Kong market. The bank expects LINK REIT to announce a new CEO within the next 3 to 6 months, which will serve as a positive catalyst.