TECHNICAL ANALYSIS

Link REIT may extend its upward trajectory as the stock's price is currently well above its 20-day EMA and 50-day EMA, which further signals a strong positive bias. The uptrend of these moving averages reinforces the positive outlook, suggesting that the stock could continue to see gains. Looking forward, the stock seems to have formed a solid base around HKD32 and suggests that the longterm trend could remain positive.

Fundamentals

Net profit is expected to grow at a CAGR of 3% for the next 3 years with strong net margins higher than 47%.

Source: Rakuten Research - 10 Sept 2024

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