Standard
Chartered Bank tends to prefer rental stocks that have a bigger
proportion of suburban shopping malls as they are more defensive with
low base and continue to benefit from the asset improvement measures.
The bank recommended that investors should switch chips from urban
rental shares to suburban rental shares. HYSAN DEV (00014.HK) -0.150 (-0.409%) Short selling $12.87M; Ratio 38.922% 's
rating was downgraded to Lin-Line, with target price lowered by 15% to
$36.3 by the bank to reflect the high exposure of shopping malls to
urban area. Meanwhile, the bank lifted LINK REIT (00823.HK) +0.450 (+0.979%) Short selling $2.76M; Ratio 1.951% 's target price by 7% to $49.1; FORTUNE REIT (00778.HK) -0.060 (-0.844%) Short selling $612.61K; Ratio 5.687% 's target price was set at $7.62, with the Outperform rating unchanged.
UCD (01599) plans to raise Rmb600m from A shares issue Beijing Urban Construction Design & Development Group (UCD) (01599) said it proposes to apply for initial public offering of Renminbi ordinary shares and listing. The number of public issuance of shares amounts to not more than 149.86 million shares. The issuance price of A shares shall not be lower than Rmb2.91 per share. The total proceeds raised from the issuance of A shares amount to Rmb600 million, which will be used for upgrading and reconstructing project of the design centre, the national engineering...
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