Goldman Sachs analyst Simon Cheung upgraded Link REIT to Buy from Neutral with a HK$64.60 price target. The company’s Investor Day presentation offered its latest operational update and a brief introduction of its Link 3.0 Strategy, and its management sounded positive about the business outlook, the analyst tells investors in a research note. The company is seeing either steady or improving rental reversion trends at its projects across different geographies, Goldman Sachs added.
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