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

LINK REAL ESTATE INVESTMENT TRUST

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Link Real Estate Investment Trust : Intu shares tank as cash call falters

02/12/2020 | 01:21am EST

INTU shares lost almost a third of their value yesterday after Link Real Estate Investment Trust (Reit) said it would no longer participate in the troubled retail landlord's £1bn emergency cash call.

It emerged on Monday that Link was in talks with Intu, which owns the Trafford Centre, over potentially becoming a "cornerstone" investor in the fundraising. But in an update to the stock exchange yesterday Intu said the Hong Kong-based trust had performed a U-turn and would no longer back the raise.

"Intu remains engaged with shareholders and potential new investors in relation to a proposed equity raise," it said in a statement.

A spokesperson for Link said: "Link remains interested in opportunities in the UK, but our negotiations with Intu have not reached an agreement."

City A.M. understands that Link still sees the UK as a key expansion market, with a more stable currency after the election adding to the attraction.

Intu's shares crashed following the update, and ended the day just over 30 per cent down at 12.12p, wiping £70m off Intu's market cap.

(c) 2020 City A.M., source Newspaper

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Financials
Sales 2021 10 819 M 1 396 M 1 396 M
Net income 2021 5 795 M 748 M 748 M
Net Debt 2021 29 013 M 3 743 M 3 743 M
P/E ratio 2021 24,6x
Yield 2021 4,21%
Capitalization 141 B 18 187 M 18 188 M
EV / Sales 2021 15,7x
EV / Sales 2022 14,9x
Nbr of Employees 1 026
Free-Float 99,9%
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Technical analysis trends LINK REAL ESTATE INVESTMENT TRUST
Short TermMid-TermLong Term
TrendsBullishBullishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 18
Average target price 76,70 HKD
Last Close Price 68,35 HKD
Spread / Highest target 28,0%
Spread / Average Target 12,2%
Spread / Lowest Target -10,9%
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
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