According to a report published by Bank of America Securities, the management of Universal Data Center expects a total contract area of 65,000 to 70,000 square meters this year. The bank expects the overall monthly rent per square meter (MSR) to fall by 1% to 2% year-on-year this year, and the adjusted EBITDA profit margin remains roughly flat. According to the bank, the company lowered its adjusted EBITDA forecast by 1% this year from 2024 to 25, and lowered the target price from HK$14.6 to HK$11.8 based on the slow entry rate of mainland customers. Due to the gradual delivery of backlog orders in China and the rapid increase in production capacity in Southeast Asia, the group has an ideal outlook and maintained a “buy” rating.