Glonghui, March 7 | DBS published a report indicating that Fortune Real Estate Trust was able to distribute HK$811 million in revenue last year, down 7.6% year-on-year, in line with the bank's expectations. Rent renewals in the second half of last year were still in a negative range (meaning a decline). According to the report, the gradual completion of the second phase of the Tin Shui Wai+WOO Asset Enhancement Project (AEI) is expected to support short-term rent growth. The DBS Index is attracted by valuations. Potential US interest rate cuts in the second half of this year are expected to be a major catalyst, which can support its outlook and valuation per share. DBS lowered the target price for wealth acquisition from HK$6.5 to HK$6.31, with a “buy” rating. The yield per fund unit is expected to reach 8.2% to 8.9% this year and next two years, which is attractive.