Potential asset recycling activities could augment CapitaLand’s return on equity (ROE), according to DBS Group Research.

This is because its managed real estate investment trusts are trading at attractive cost of capital, the brokerage notes.

“We look forward to potential asset divestments or part sale of its stakes in its stabilised Raffles City projects and Business Parks in China to CapitaLand Retail China Trust,” DBS analysts Derek Tan and Rachel Tan write in a note dated August 6.

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