{"ticker": {"uuid": "7b3783e0-b7c2-485b-9fde-69d3a5771d55", "symbol": "0823", "name": "Link Real Estate Investment Trust", "exchange": "HKG", "asset_type": "equity"}, "latest_week": "2026-06-12", "summary": "0823 closed the latest completed week at 36.70 HKD. The 4-week return is -8.8% and the 12-week return is 1.3%. Trend Signal is active, Market Dynamics is 0.68.", "description": "Link Real Estate Investment Trust (Link REIT) is the largest REIT in Asia by many measures including asset value. Managed by Link Asset Management Limited (Link), a leading, independent and fully integrated real estate investor and manager focusing on the APAC region, Link REIT has been entirely owned by independent investors since its listing in November 2005 as the first REIT in Hong Kong. After initially acquiring a portfolio of shopping centres and car parks in Hong Kong valued at around 33 billion Hong Kong dollars at the time of its IPO, Link has grown and diversified the Link REIT's property portfolio. Today, the portfolio includes retail facilities, car parks, offices, and logistics assets which span Hong Kong, Mainland China, Australia, Singapore, and the UK, with a total valuation of around 226 billion Hong Kong dollars (As at 31 March 2025). Link aims to further grow and diversify the Link REIT portfolio to continue delivering resilient returns and growth to Unitholders. Link REIT is a constituent of the Hong Kong securities market benchmark Hang Seng Index, as well as a component of the Dow Jones Sustainability Asia Pacific Index, the FTSE4Good Index Series and the Hang Seng Corporate Sustainability Index. Asset management, portfolio management and capital management are three pillars of our management strengths. We are committed to integrating Environment, Social and Governance (ESG) considerations into our strategy and daily operations. Link Real Estate Investment Trust was incorporated in 2005 in Hong Kong.", "setup_signature": "Balanced read", "composite_score": "47", "kpis": [{"label": "Latest Close", "value": "36.70 HKD", "hint": "2026-06-12"}, {"label": "1W Return", "value": "-0.6%", "tone": "negative", "hint": "latest completed week"}, {"label": "4W Return", "value": "-8.8%", "tone": "negative", "hint": "short-term follow-through"}, {"label": "12W Return", "value": "1.3%", "tone": "positive", "hint": "quarterly tape"}, {"label": "Trend Breadth", "value": "51.9%", "hint": "27 of 52 weeks active"}, {"label": "Volume Ratio", "value": "1.2x", "hint": "vs 13-week average"}], "classification": {"exchange": "HKG", "country": "HK", "sector": "Real Estate", "industry": "Reit - Retail", "currency": "HKD", "market_cap": "103.1B"}, "price": {"trend_line": "36.69 HKD", "fair_value": "34.48 HKD", "vs_trend": "0.0%", "vs_fair_value": "6.4%", "high_52": "43.51 HKD", "low_52": "34.12 HKD", "drawdown": "-15.6%", "range_position": "27.5%"}, "momentum": {"returns": [{"label": "1W", "value": -0.5700775165949677, "value_label": "-0.6%", "tone": "negative", "width": 4}, {"label": "4W", "value": -8.828064042743392, "value_label": "-8.8%", "tone": "negative", "width": 25.22304012212398}, {"label": "12W", "value": 1.2693128438569166, "value_label": "1.3%", "tone": "positive", "width": 4}, {"label": "26W", "value": 5.5204199402076, "value_label": "5.5%", "tone": "positive", "width": 15.772628400593144}, {"label": "52W", "value": -6.588170697870595, "value_label": "-6.6%", "tone": "negative", "width": 18.82334485105884}], "trend_streak": 5, "active_weeks": 27, "active_breadth": "51.9%", "peer": {"scope": "HK Real Estate", "count": 249, "rank": 111, "percentile": 55.64516129032258, "avg_weekly_return": -1.394328138914688}}, "setup": {"scores": [{"label": "Trend", "value": 45.86538461538463, "value_label": "46", "width": 45.86538461538463, "tone": "neutral", "description": "Persistence of active Trend Signal over the last year and current streak."}, {"label": "Momentum", "value": 30.837834261161426, "value_label": "31", "width": 30.837834261161426, "tone": "negative", "description": "Blend of 4-week and 12-week follow-through."}, {"label": "Dynamics", "value": 60.370322036848584, "value_label": "60", "width": 60.370322036848584, "tone": "neutral", "description": "Latest Market Dynamics and whether pressure has improved over four weeks."}, {"label": "Relative Strength", "value": 40.2433540482243, "value_label": "40", "width": 40.2433540482243, "tone": "neutral", "description": "Relative leadership and short-term RS change."}, {"label": "Volume", "value": 49.47833199002355, "value_label": "49", "width": 49.47833199002355, "tone": "neutral", "description": "Participation compared with the 13-week volume baseline."}, {"label": "Risk Control", "value": 56.31740864171691, "value_label": "56", "width": 56.31740864171691, "tone": "neutral", "description": "Drawdown and recent weekly volatility pressure."}], 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active with a 5-week active streak.", "Price is above the Trend Line, keeping the weekly tape constructive.", "Price is above Fair Value, showing premium demand versus the model.", "Market Dynamics is positive on the latest completed week."], "risks": ["No major top-level risk cluster is currently dominant."], "watch_points": ["Trend Line remains the key weekly regime level.", "Market Dynamics is the pressure gauge to monitor for confirmation or fade.", "A volume ratio above 1.5x would show stronger participation in the next move."], "recent_rows": [{"week": "2026-06-12", "close": "36.70 HKD", "weekly_return": -0.5700775165949677, "weekly_return_label": "-0.6%", "weekly_return_tone": "negative", "trend_line": "36.69 HKD", "fair_value": "34.48 HKD", "market_dynamics": "0.68", "relative_strength": "-0.33", "volume": "60.0M", "trend_signal": "On"}, {"week": "2026-06-05", "close": "36.91 HKD", "weekly_return": -5.398716815183362, "weekly_return_label": "-5.4%", "weekly_return_tone": 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