CapitaLand China Trust (CLCT) has seen its price target cut by analysts following a weaker FY2023 that lowered distribution per unit (DPU) by 10.1% y-o-y. When calculated in renminbi (RMB), CLCT reported higher gross revenue and net property income of 5.9% and 10.5% y-o-y respectively.
CapitaLand China Trust
Price targets:
DBS Group Research ‘buy’ $1.05
OCBC Investment Research ‘buy’ 95 cents
Recovery to pan out over multiple years

