Citigroup: maintains a "buy" rating on Link Real Estate Investment Trust (00823.HK), with a target price of HK$47.25.

According to the Zhitong Finance and Economics APP, Citigroup released a research report stating that Link Real Estate Investment Trust (00823.HK) announced on July 22 that CEO and Executive Director George Hong-long Wang will retire by the end of June 2026. The board will initiate a comprehensive succession process, and Wang will ensure a smooth handover. Citigroup believes that Link's systematic operation and team decision-making mechanism can ensure the continuity of strategy and operations. The strengthened board structure, governance level, and updated executive compensation and KPI assessment system will help maintain execution capability. With a current dividend yield of 6.2%, Citigroup maintains a "buy" rating for Link with a target price of 47.25 Hong Kong dollars.