Country Daily
Greater China Strategy / China Healthcare / China Property
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Economics | Trade
August export growth rose to 25.0% yoy (+1.1ppt mom), marginally below Bloomberg’s consensus estimate of 25.9% yoy, supported by the Hong Kong and US markets. Import growth picked up to 28.2% yoy (+0.7ppt mom), below consensus forecasts of 31.0% yoy, as a broad slowdown in key commodities offset record integrated circuits import growth of 83.6% yoy. The trade surplus widened to US$119.1b, in line with consensus estimates. Import growth is now increasingly concentrated in integrated circuits.
Company Update | Link REIT (823 HK/BUY/HK$38.72/Target: HK$44.30)
Link REIT hosted its 1QFY27 operational update call on 8 Sep 26. Its Hong Kong retail portfolio’s performance was in line with that of the market in 1QFY27, with a mid-single-digit negative rental reversion. Meanwhile, its other segments remained resilient. Its cost optimisation initiatives and unit buyback programme are on track. Management reiterated its guidance for FY27 Hong Kong retail rental reversion and its target of DPU stabilisation in FY27. Maintain BUY with an unchanged target price of HK$44.30.
Top Stories
Economics | Trade
August export growth rose to 25.0% yoy (+1.1ppt mom), marginally below Bloomberg’s consensus estimate of 25.9% yoy, supported by the Hong Kong and US markets. Import growth picked up to 28.2% yoy (+0.7ppt mom), below consensus forecasts of 31.0% yoy, as a broad slowdown in key commodities offset record integrated circuits import growth of 83.6% yoy. The trade surplus widened to US$119.1b, in line with consensus estimates. Import growth is now increasingly concentrated in integrated circuits.
Company Update | Link REIT (823 HK/BUY/HK$38.72/Target: HK$44.30)
Link REIT hosted its 1QFY27 operational update call on 8 Sep 26. Its Hong Kong retail portfolio’s performance was in line with that of the market in 1QFY27, with a mid-single-digit negative rental reversion. Meanwhile, its other segments remained resilient. Its cost optimisation initiatives and unit buyback programme are on track. Management reiterated its guidance for FY27 Hong Kong retail rental reversion and its target of DPU stabilisation in FY27. Maintain BUY with an unchanged target price of HK$44.30.
Analyst
Key Indices
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