CLCT owns a portfolio of 11 retail malls in China, 5 business parks and 4 logistics parks.
OCBC Investment Research has kept its "buy" call and $1.38 fair value estimate on CapitaLand China Trust (CLCT), with a view that shopper traffic is improving and that the REIT's overall business is undergoing a recovery.
"We continue to see CLCT as a beneficiary of China’s reopening and pro-growth policies," states OCBC in its April 26 note.
