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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  Link Real Estate Investment Trust    823   HK0823032773

LINK REAL ESTATE INVESTMENT TRUST

(823)
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End-of-day quote. End-of-day quote Hong Kong Stock Exchange - 10/30
59.05 HKD   -1.83%
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09/22Nikola’s turmoil was bound to happen
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Link REIT Gets HK$1 Billion Sustainability-Linked Loan From OCBC

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06/11/2020 | 02:55am EDT

By Fabiana Negrin Ochoa

 

Link Real Estate Investment Trust has secured a 1 billion Hong Kong dollar (US$129 million) sustainability loan from OCBC Bank, its second such loan this year.

The Hong Kong-listed trust said Thursday it will use the five-year loan for working capital and general corporate purposes.

As part of the loan agreement, Singapore's Oversea-Chinese Banking Corp.--better known as OCBC--will offer Link interest-rate reductions based on its environmental, social and governance performance.

The lender will assess Link via its continued inclusion in sustainability indexes and its GRESB score. The Global Real Estate Sustainability Benchmark is an investor-driven organization assessing ESG in the real-estate industry.

The move comes as sustainability and green loans become more popular in Asia. According to Moody's, global green loan issuance was entirely driven by Asia-Pacific issuers in the first quarter.

Link secured its maiden sustainability-linked loan in March, a 212 million Australian dollar (US$148.3 million) loan from DBS Group, another Singapore bank. It said at the time that the loan was the first by an Asia REIT to be linked to GRESB.

OCBC and DBS placed first and second respectively on Bloomberg's 2019 Mandated Lead Arranger table for green and renewable energy loan issuance in Asia Pacific.

 

Write to Fabiana Negrin Ochoa at fabiana.negrinochoa@dowjones.com

 


Stocks mentioned in the article
ChangeLast1st jan.
AT HOME GROUP INC. -1.63% 16.29 Delayed Quote.196.18%
AUSTRALIAN DOLLAR / CANADIAN DOLLAR (AUD/CAD) -0.02% 0.93534 Delayed Quote.2.93%
AUSTRALIAN DOLLAR / JAPANESE YEN (AUD/JPY) -0.02% 73.541 Delayed Quote.-3.50%
AUSTRALIAN DOLLAR / NEW ZEALAND DOLLAR (AUD/NZD) 0.06% 1.06227 Delayed Quote.1.75%
AUSTRALIAN DOLLAR / SWISS FRANC (AUD/CHF) 0.05% 0.6439 Delayed Quote.-5.00%
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) -0.02% 0.7026 Delayed Quote.0.32%
BRITISH POUND / AUSTRALIAN DOLLAR (GBP/AUD) 0.27% 1.84235 Delayed Quote.-2.79%
DBS GROUP HOLDINGS LTD -1.02% 20.35 End-of-day quote.-21.37%
EURO / AUSTRALIAN DOLLAR (EUR/AUD) -0.01% 1.65654 Delayed Quote.3.87%
JUST GROUP PLC 1.01% 42.1 Delayed Quote.-46.71%
LINE CORPORATION -0.37% 5370 End-of-day quote.0.37%
LINK REAL ESTATE INVESTMENT TRUST -1.83% 59.05 End-of-day quote.-28.42%
MAIDEN HOLDINGS, LTD. 0.00% 1.22 Delayed Quote.62.67%
THE GLOBAL LTD. -12.20% 223 End-of-day quote.-52.65%
THE LEAD CO., INC. -3.13% 372 End-of-day quote.-4.62%
WILL GROUP, INC. -4.33% 773 End-of-day quote.-38.26%
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Financials
Sales 2021 10 979 M 1 416 M 1 416 M
Net income 2021 6 104 M 787 M 787 M
Net Debt 2021 27 467 M 3 543 M 3 543 M
P/E ratio 2021 21,0x
Yield 2021 4,89%
Capitalization 122 B 15 705 M 15 711 M
EV / Sales 2021 13,6x
EV / Sales 2022 13,0x
Nbr of Employees 1 026
Free-Float 99,9%
Chart LINK REAL ESTATE INVESTMENT TRUST
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Technical analysis trends LINK REAL ESTATE INVESTMENT TRUST
Short TermMid-TermLong Term
TrendsBearishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 18
Average target price 77,25 HKD
Last Close Price 59,05 HKD
Spread / Highest target 54,1%
Spread / Average Target 30,8%
Spread / Lowest Target 3,13%
EPS Revisions
Managers
NameTitle
Kwok Lung Hongchoy Chief Executive Officer & Executive Director
Nicholas Charles Allen Chairman
Max Wong Director-Operation & Projects
Man Keung Ng Director-Finance
Kok Siong Ng Chief Financial Officer & Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
LINK REAL ESTATE INVESTMENT TRUST-28.42%16 001
SIMON PROPERTY GROUP, INC-57.83%19 397
CAPITALAND MALL TRUST-29.67%8 326
REGENCY CENTERS CORPORATION-43.60%6 000
NATIONAL RETAIL PROPERTIES, INC.-40.30%5 652
KIMCO REALTY CORPORATION-50.46%4 507