CapitaLand China Trust (CLCT)

Broker's Calls

Resilience and recovery the theme for top ten 2023 regional equity picks: DBS

DBS' top 10 regional picks for 2023 includes Singapore Airlines, CapitaLand China Trust, SEA Limited and ThaiBev.

Broker's Calls

DBS maintains 'buy' call for CapitaLand China Trust as it exits lockdown peak

DBS analysts Geraldine Wong and Derek Tan have lowered their TP to $1.45 from $1.55 previously.

Results

CapitaLand China Trust reports NPI of $188.5 mil for 9MFY2022

The higher NPI comes on the back of the 7.0% y-o-y growth in 9MFY2022 gross revenue of RMB1.43 billion.

Broker's Calls

OCBC keeps ‘buy’ on CLCT with lowered TP of $1.30

OCBC Investment Research analyst Chu Peng has kept a “buy” rating on CLCT with a lowered fair value estimate of $1.30 from $1.40
CLCT's 1HFY2022 DPU falls by 3.1% to 4.10 cents after retaining $3.6 mil for 'financial flexibility' - THE EDGE SINGAPORE

Results

CLCT's 1HFY2022 DPU falls by 3.1% to 4.10 cents after retaining $3.6 mil for 'financial flexibility'

Based on CLCT’s closing price of $1.16 on July 25, the annualised distribution yield for the half-year period was 7.1%.
'Buy' CapitaLand China Trust for new economy exposure: analysts - THE EDGE SINGAPORE

Broker's Calls

'Buy' CapitaLand China Trust for new economy exposure: analysts

Analysts from DBS Group Research and OCBC Investment Research have lowered their TPs to $1.55 and $1.40 respectively.

Results

CapitaLand China Trust to provide 'reasonable support' to tenants affected by mall closures due to Covid-19

The REIT reported 24% higher gross revenue of $103.3 million for the quarter.

Results

CLCT posts 35.1% rise in 2HFY2021 DPU to 4.50 cents from contributions on new acquisitions

Based on CLCT’s closing price of $1.14 on Jan 28, the distribution yield for FY2021 was 7.7%.
CapitaLand China Trust posts record 9M NPI of $190.7 mil in 3Q business update - THE EDGE SINGAPORE

Results

CapitaLand China Trust posts record 9M NPI of $190.7 mil in 3Q business update

CLCT’s assets under management (AUM) stood at $4.7 billion as at end-September, with a market capitalisation of $2.0 billion.

Broker's Calls

CapitaLand China Trust's current share price post market correction is an opportunity to buy the dip: DBS

The REIT’s forward yields of 6.9% and 7.7% for the FY2021 and FY2022 respectively are “compelling”, say the analysts.
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