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Brokers’ Digest: CapitaLand China Trust, CDLHT, SGX, ESR-LOGOS REIT, Parkway Life REIT, MPACT, OUE REIT, Keppel REIT

The Edge Singapore
The Edge Singapore • 19 min read
Brokers’ Digest: CapitaLand China Trust, CDLHT, SGX, ESR-LOGOS REIT, Parkway Life REIT, MPACT, OUE REIT, Keppel REIT
Grand Canyon Mall. Photo: CLCT
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CapitaLand China Trust
Price targets:
DBS Group Research ‘buy’ $1.05
OCBC Investment Research ‘buy’ 95 cents

Recovery to pan out over multiple years

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.

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