LINK REIT (00823.HK) -0.450 (-1.098%) Short selling $92.26M; Ratio 21.624% 's outlook guidance for the second half of the current fiscal year ending March 2025 (FY2025) is cautious, UBS released a research report saying.Several leading listed retail tenants, such as TAM JAI INTL (02217.HK) -0.010 (-0.667%) and FAIRWOOD HOLD (00052.HK) +0.010 (+0.196%) , have already issued profit warnings, UBS added. Related NewsJPM Expects HIBOR to Drop Below 2.2% Before Mortgage Rate Impacted; Top Picks SWIREPROPERTIES/ LINK REIT/ SINO LANDAs a result, with a higher sales base of tenants from 3 years ago, the broker expected that LINK REIT's rental reversion may turn negative in 2HFY2025 and the magnitude will accelerate further to 5% in FY2026.As the US 10-year treasury yield rose to 4.5% from 3.6% in mid-September, UBS saw limited short-term catalysts for LINK REIT's share price, and kept rating at Neutral. The broker added its target price to $39.4 from $38.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-13 16:25.)