Goldman Sachs: Link Real Estate Investment Trust (00823.HK) performance meets expectations, raises target price to 48 Hong Kong dollars.

According to the Wisdom Investor APP, Goldman Sachs released a research report stating that Link Real Estate Investment Trust (00823.HK) incurred a net loss of 8.9 billion Hong Kong dollars for the fiscal year ending in March 2025, excluding a loss of 15.8 billion Hong Kong dollars from impairment of leased properties. The underlying profit increased by 13% year-on-year to 7 billion Hong Kong dollars, meeting the bank's and the market's expectations. The bank raised its earnings forecast for the fiscal years 2026 to 2027 by 1% per unit of the fund, raising the target price from 46 Hong Kong dollars to 48 Hong Kong dollars, and maintaining a "buy" rating.