UBS: Reiterates "Buy" Rating on Link REIT (00823.HK) with HK$47.2 Target Price; Acquisition of Tung Fook Square Has Limited Accretion to DPU

Zhitong Finance APP has learned that UBS released a research report giving Link REIT (00823.HK) a "Buy" rating with a target price of HK$47.2. Link REIT announced on the evening of November 10 that it would acquire a 50.1% stake in Singapore's Eastpoint Mall from Income Insurance for a total consideration of S$236 million, marking the fund's first acquisition since 2022. UBS expects the transaction to bring a modest accretion of about 0.5% to distribution per unit (DPU), but may narrow the room for Link REIT to further expand the scale of its unit buyback.