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Damo: Maintaining the Lingzhan Real Estate Fund (00823) “Increase” Rating Unit Repurchase Program Has Potential Expansion Potential

Zhitongcaijing·08/28/2026 07:41:05
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The Zhitong Finance App learned that Morgan Stanley released a research report stating that it maintains the “increase in holdings” rating of Lingzhan Real Estate Fund (00823), with a target price of HK$44. On September 8, Lingzhan Real Estate Fund will announce an operating update for the first quarter of the 2026/27 fiscal year. The bank expects the company's Hong Kong retail portfolio to narrow rent returns; improved restaurant and supermarket tenant sales; and further updates on non-core asset sales, which may see a potential expansion of the unit repurchase program.