SINGAPORE (Oct 26): DBS is keeping its “buy” recommendation on CapitaLand Retail China Trust with a $1.69 target price.

In a report out today, lead analyst Mervin Song says CRCT’s share price has over-corrected about 14% on the back of Chinese growth fears.

“We believe this is an over-reaction as CRCT has delivered another strong set of results with 3Q15 DPU rising 12.3% y-o-y to 2.64 cents,” says Song.

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