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Citibank: Zhifu Industrial Trust (00778) rent pullback narrows, target price rises to HK$6.05

Zhitongcaijing·08/06/2026 01:57:03
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The Zhitong Finance App learned that Citibank released a research report saying that the overall performance of Zhifu Industrial Trust (00778) was positive in the first half of the year. The rental prospects gradually improved. The rental renewal rate narrowed to the middle single digits, reaching about 5%. Tenant sales in most industries recorded moderate year-on-year growth, and the overall occupancy rate increased 1.4 percentage points to 96.4%, and the tenant retention rate reached 83%. Rents are expected to stabilize from 2027. Citi maintains a wealth “buy” rating, and the target price is slightly raised from HK$6 to HK$6.05.