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

Felicia Tan
Felicia Tan5/4/2022 11:10 PM GMT+08  • 4 min read
'Buy' CapitaLand China Trust for new economy exposure: analysts
Ascendas Innovation Hub in Xi’an. Photo: CLCT
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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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