CapitaLand China Trust (CLCT)

REITs

CLCT to net RMB690.7 million from divestment of Beijing mall

This property in Beijing was part of the initial portfolio when CLCT was listed back in 2006

Broker's Calls

DBS lowers target price to $1.20 for CapitaLand China Trust amid new economy assets showing slower progress

DBS analysts say that CLCT’s new economy segment may now be a portfolio drag; noting the depreciating RMB against SGD.
CapitaLand China Trust reports 9MFY2023 gross revenue of RMB478.8 mil, 1.9% lower y-o-y - THE EDGE SINGAPORE

Results

CapitaLand China Trust reports 3QFY2023 gross revenue of RMB478.8 mil, 1.9% lower y-o-y

3QFY2023 NPI rose by 1.2% y-o-y to RMB316.4 million driven by its retail portfolio.

REITs

CapitaLand China Trust prices inaugural $112 mil worth of free trade zone offshore CNY bonds

The bonds will be issued in denominations of CNY 20 million and integral multiples of CNY1 million in excess thereof.

Broker's Calls

Depreciating RMB 'throwing salt' on CapitaLand China Trust's 'recovering wounds', 1HFY2023 DPU down 8.8% y-o-y: DBS

Divestment will continue to feature strongly within CLCT’s retail segment among older non-core retail assets, say DBS’s analysts.

Results

CLCT reports 1HFY2023 DPU of 3.74 cents, eyes better 2H

Tenant sales at certain malls have exceeded pre-pandemic levels
This is why refinancing of Chinese S-REITs and trusts takes longer  - THE EDGE SINGAPORE

REITs

This is why refinancing of Chinese S-REITs and trusts takes longer

Inter-creditor agreement slows down refinancing of Chinese assets for REITs; was disclosure late at DRT?
CapitaLand China Trust reports 2.9% lower gross revenue of RMB475.5 mil for 1QFY2023 - THE EDGE SINGAPORE

Results

CapitaLand China Trust reports 2.9% lower gross revenue of RMB475.5 mil for 1QFY2023

The declines in both gross revenue and NPI were attributable to the winding down of CapitaMall Qibao as well as other factors.
CLCT's green transformation - THE EDGE SINGAPORE

Sustainability

CLCT's green transformation

CapitaLand China Trust secured $300 million worth of sustainability-linked loans in FY2022, double that of FY2021.
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