Citigroup maintains Link Real Estate Investment Trust (00823.HK) target price at 47.25 Hong Kong dollars with a "buy" rating.

Zhixin Finance APP learned that Citigroup released a research report stating that it maintains a target price of HK$47.25 for Link Real Estate Investment Trust (00823.HK) and a "buy" rating, mainly due to its good dividend yield of 6.2%. The bank believes that Link is expected to benefit from the recovery of the Hong Kong retail market, and its operational performance may surpass the market due to its leasing and cost optimization measures.