<Research>CLSA Raises LINK REIT's Target Price to HKD51; Maintains Outperform Rating
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 21 2025
0mins
Should l Buy 00823?
Source: aastocks
Performance Overview: LINK REIT's 1HFY26 results fell short of expectations, prompting CLSA to lower its earnings forecasts for FY26-28 by 4.5%, 1.6%, and 0.3% respectively.
Market Reaction: The stock experienced a significant decline of 7.32%, with short selling reaching $329.65 million and a ratio of 20.063%.
Future Outlook: CLSA anticipates that the negative impacts on LINK REIT will gradually lessen by FY27, despite current countermeasures in place.
Target Price Adjustment: Despite the disappointing results, CLSA raised LINK REIT's target price from HKD50.5 to HKD51, maintaining an Outperform rating due to declining US Treasury yields.
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Analyst Views on 00823
Wall Street analysts forecast 00823 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 00823 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 35.100
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Current: 35.100
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
