Any forecast changes will also have to take place after CLCT’s results for the 1HFY2025 ended June, which will be announced on July 30.
OCBC Investment Research analyst Ada Lim has downgraded CapitaLand China Trust (CLCT) to “hold” due to valuations, although she has maintained her forecasts before the trust’s extraordinary general meeting (EGM) on July 29.
CLCT’s unitholders will vote on the injection of CapitaMall Yuhuating into Capitaland Commercial C-REIT, which is slated to be listed on the Shanghai Stock Exchange in 4Q2025. The consideration will be determined based on the final price of CLCR’s initial public offering (IPO) units, subject to the minimum floor price of RMB748 million ($134.9 million). Unitholders will also have to decide on CLCT’s proposed participation in the C-REIT.
