Bank of America Merrill Lynch pointed out that the current valuation of Guanjun Industrial Trust (02778-HK) is not attractive and is rated as "outperforming the market", while the target price is raised from 4.10 yuan to 4.20 yuan. The bank also expects Langham place under Guanjun to record a decrease in rental renewal rents in 2018, which can be partially offset by an increase in office rental income.