HSBC: Downgrades Henderson Land Real Estate Fund (00823.HK) to "Neutral" with target price lowered to HK$38.

According to the Zhixin Finance APP, J.P. Morgan released a research report stating that the rating of Link Real Estate Investment Trust (00823.HK) has been downgraded from "overweight" to "neutral". However, they believe that the downside of the stock price may be supported by a forecasted dividend yield of 6.3% for the fiscal year 2027. The target price has been lowered from 48 Hong Kong dollars to 38 Hong Kong dollars.