BofA Securities: Maintains Link REIT (00823.HK) "Buy" Rating and HK$46 Target Price; Acquisition of Tung Fook Square Expected to Slightly Accrete DPU

Zhitong Finance APP has learned that BofA Securities issued a research report stating that it maintains a "Buy" rating and a target price of HK$46 for Link REIT (00823.HK), and continues to regard it as one of its top picks in the sector. Link Asset Management, the manager of Link REIT, announced that it will acquire a 50.1% interest in Eastpoint Mall, a retail property in the eastern suburbs of Singapore, from Income Insurance for S$239.5 million (approximately HK$1.47 billion), while Income Insurance will continue to hold the remaining 49.9% interest. The bank expects that this acquisition may slightly enhance distribution per unit (DPU) while offsetting part of the dilution effect brought by recent asset sales.