Daiwa: Simon King resigns to help relieve market concerns about succession plan, maintains Target Price of 48 HKD for Link Real Estate Investment Trust (00823.HK)

According to the Zhongtong Financial APP, Morgan Stanley released a research report stating that it will maintain the target price of HK$48 for Link REIT (00823.HK) and a "buy" rating. Given its high yield (6.2%), expected cut in US interest rates, potential southbound connections, and the potential split of the value-added business of Singapore real estate investment trusts, Morgan Stanley considers Link a top stock pick.