As social movements continue and MTR often collects cars early, the management of LinkedIn acknowledges that its catering business will be negatively affected, but believes that supermarkets, restaurants, markets and delicatessens business can grow steadily
Maxim’s Group is often undermined by some radical demonstrators. According to Link, “even though Maxim’s Group is the main tenant of Link, it only occupies about 2% of the property portfolio in Hong Kong, so the impact is limited.”
Link Show believes that its overall retailer portfolio is positioned in the low-end market, and most shopping malls are not located in tourist areas. It is believed that it will be less affected by social movements. Bank of Communications International estimates that Linkex will still record double-digit rental adjustments in FY 2020.
Negative factors expected
According to Bank of Communications International, the short-term rental adjustment of Linkex is inevitably affected by the cessation of commercial activities and weak consumer sentiment. Therefore, it reduced the allocation of 0.7%, 3.5% and 5.5% per fund unit in fiscal years 2020, 2021 and 2022. The price was reduced by 5.6% to 93.35 yuan.
As Linkshare’s share price has fallen by 20% from its historical high in July, the group also needs to repurchase 47 million fund units in the current fiscal year
According to Bank of Communications International, Linkshare’s share price has roughly reflected negative factors, plus the dividend rate for next year It reaches 3.8%. It is recommended to take the lead on dips and maintain “buy”. Linkshow closed at 78.65 yuan yesterday, down 0.8%.