The Zhitong Finance App learned that J.P. Morgan Chase released a research report stating that it will maintain the target price of the Lingzhan Real Estate Fund (00823.HK) of HK$43 and the “increase in holdings” rating. Lingzhan announced the acquisition of Eastpoint Mall (Eastpoint Mall) in Singapore for SGD 239.5 million (approximately HK$1.5 billion). The bank estimates that the acquisition will increase fund allocation per unit (DPU) by about 0.2%, as it expects the property's net operating income (NOI) yield of 4.5%, which is higher than the 3.25% financing cost of Lingzhan in Singapore.
Zhitongcaijing · 2d ago
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The Zhitong Finance App learned that J.P. Morgan Chase released a research report stating that it will maintain the target price of the Lingzhan Real Estate Fund (00823.HK) of HK$43 and the “increase in holdings” rating. Lingzhan announced the acquisition of Eastpoint Mall (Eastpoint Mall) in Singapore for SGD 239.5 million (approximately HK$1.5 billion). The bank estimates that the acquisition will increase fund allocation per unit (DPU) by about 0.2%, as it expects the property's net operating income (NOI) yield of 4.5%, which is higher than the 3.25% financing cost of Lingzhan in Singapore.
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