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<Research>HSBC Research: REITs May be Included in SH-/ SZ-HK Stock Connect in Jun at Earliest; LINK REIT May Be Key Beneficiary
Recommend 18 Positive 48 Negative 15 |
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The China Securities Regulatory Commission (CSRC) announced five capital market cooperation measures for Hong Kong after the market closed on last Friday (19th), including the inclusion of REITs in the Shanghai/ Shenzhen-Hong Kong Stock Connect to further enrich the types of products traded on the Shanghai/ Shenzhen-Hong Kong Stock Connect, HSBC Global Research issued a research report saying. Although the specific timetable has not yet been released, HSBC Global Research expected REITs to be included in the Shanghai/ Shenzhen-Hong Kong Stock Connect in June at the earliest, which is expected to bring re-rating opportunities for H-REITs by strengthening the investor base and trading volume of REITs. Of which, LINK REIT (00823.HK) is believed to be a major beneficiary. HSBC Global Research expected LINK REIT is one of the few REITs that can resume DPU growth starting from FY2025. Therefore, HSBC Global Research rated LINK REIT at Buy, with a target price of $47. AAStocks Financial News |
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