China Retail S-REITs - DBS Research 2023-09-28: Capturing The Shift In China’s Consumption Patterns

China Retail S-REITs - Capturing The Shift In China’s Consumption Patterns

Singapore REITs - DBS Group Research | SGinvestors.ioCapitaLand China Trust (SGX:AU8U) SASSEUR REIT (SGX:CRPU)
  • Bidding farewell to COVID was a reset for China’s economy but not a miracle cure for growth. Cautious sentiment prevails amid a hesitant economic recovery while high unemployment (>20%) amongst Chinese youths remains a key drag. A recent survey by McKinsey indicates that the proportion of Chinese consumers with plans to increase consumption by 5% or more back in 2022 has reduced by half since 2019.
  • - Read this at -

Online retail, outlet malls necessity goods remain a magnet for the retail dollar.

  • Retail verticals offering value-for-money goods and services are well-placed to attract the consumer dollar as consumers turn budget conscious. Outlet stores led other retail formats with a growth of ~8.0% in 2022 and this trend is likely to continue.
  • - Read this at -

Time to reposition into China-focused S-REITs trading at 1 to 2 standard deviations below average P/B

  •

Above is the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @

Geraldine WONG DBS Group Research | Derek TAN DBS Research | 2023-09-28

Read More Analysis On Singapore REITs (S-REITs):
Analyst Reports on Singapore REIT Sector

Check Out Also The Summary Of:
S-REIT Share Price Performance
S-REIT Target Prices & Ratings


You May Also Like

SGX Stock / REIT Search


Most Read

Trust Bank God Of Fortune Referral Code PGKPSWAE Trust Bank Referral Code 🎁