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On Jan 29, CLCT announced that its distribution per unit (DPU) tumbled 35.9% y-o-y to 6.35 cents in FY2020.
SEE: CapitaLand China Trust posts 30.2% lower 2H20 DPU of 3.33 cents and 35.9% lower FY20 DPU of 6.35 cents
“We think that there may be room for retail sales to trend past a normalised level in 2021,” DBS analysts Geraldine Wong and Derek Tan write in a note dated Feb 1.