Analysts from DBS Group Research and OCBC Investment Research are remaining positive on CapitaLand China Trust (CLCT) for its exposure to new economy assets.
The analysts have also kept their “buy” calls on the REIT after it reported higher gross revenue and net property income (NPI) for the 1QFY2022 ended March.
On April 26, the manager of CLCT posted gross revenue of RMB489.9 million ($103.3 million), up 24% y-o-y for the quarter.
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