Divestment of mall 'positive surprise' for CapitaLand Retail China Trust, says DBS


Source: theedgesingapore.com

Key Topics in this News Article:

News Snapshot:

DBS Group Research analysts Geraldine Wong and Derek Tan have maintained their “buy” call on CapitaLand Retail China Trust (CRCT) following the REIT’s divestment of its entire interest in the Wuhan entity which holds CapitaMall Minzhongleyuan on Jan 11. See: CapitaLand Retail China Trust divests entire interest in Wuhan entity which holds CapitaMall Minzhongleyuan for $52.6 mil Wong and Tan have also kept their one-year target price of $1.70 on the counter. The way they see it, the divestment of the underperforming mall comes as a “positive surprise” and that CRCT received compelling value for a morphing China behemoth. “The...