Goldman Sachs: Lowering Henderson Land Development's target price to HK$51.1 and maintaining a "buy" rating.

According to the app of Wisdom Finance, Goldman Sachs released a research report stating that the target price of Link Real Estate Investment Fund (00823.HK) was slightly reduced from 53.1 Hong Kong dollars to 51.1 Hong Kong dollars, maintaining a "buy" rating, and lowering earnings per share forecasts for the fiscal years 2026 to 2028 by 3% to 6%. It is now predicted that rental income will decrease by 2% in fiscal year 2026, compared to the previous expectation of remaining flat. The bank pointed out major risks including underperformance of the retail industry in Hong Kong, which may lead to lower-than-expected rental adjustments, and the possibility of decreasing valuation due to the increasing complexity of the asset portfolio structure.