UBS: Raises CapitaLand Investment Trust (02778.HK) target price to 2.3 Hong Kong dollars and maintains "neutral" rating.

Wise Financial App learned that UBS released a research report stating that it is expected that the distribution per unit of Guan Jun Industrial Trust (02778.HK) in 2025 will decrease by 9% compared to the previous year. This is mainly due to the continued decline in rental income from the lease renewal of Garden Road No. 3, as well as the impact of Langham Place's office building and retail mall. UBS maintains a neutral rating and has raised the target price from HK$1.74 to HK$2.30.