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Home / Capital / Brokers Calls

Why CLCT is a 'buy' despite its weak FY2020 results

Broker's Calls

Why CLCT is a 'buy' despite its weak FY2020 results

Jeffrey Tan Published on Wed, Feb 03, 2021 / 11:26 AM GMT+8

Analysts have continued their optimism for CapitaLand China Trust (CLCT), formerly known as CapitaLand Retail China Trust (CRCT), despite CLCT’s weak FY2020 results ended Dec 31.

DBS Group Research has maintained its “buy” call for the trust albeit with a lower target price of $1.55 from $1.70 previously.

OCBC Investment Research, too, has a “buy” rating for the trust with a higher fair value of $1.58 from $1.35 previously.