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.
BASETROPHY GP (08460.HK) Expects Jan-Aug Results to Swing to Loss BASETROPHY GP (08460.HK) -0.013 (-8.280%) issued a profit warning. The group is expected to record a loss for the eight months ended 31 August 2017 as compared with a net profit for the same period of 2016, mainly due to the decrease in revenue recognised by the group and increase of listing expense
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