CapitaLand China Trust - OCBC Investment Research 2025-09-29: Protracted DPU Recovery Expected

• Earlier this month, CapitaLand China Trust (CLCT) provided an update on its participation in the listing of CapitaLand Commercial C-REIT (CLCR).

Successful listing of CLCR on the Shanghai Stock Exchange.

• - Read this at SGinvestors.io -
• CapitaLand China Trust will deploy S$20.6m of gross proceeds to subscribe for ~5% of total CLCR IPO units.
• On a proforma basis, assuming net proceeds of CNY663.4m (S$119.8m) are used to pare down debt bearing an interest cost of 4.8%, CapitaLand China Trust’s FY24 distribution per unit (DPU) would have been 0.8% lower at 5.6 Singapore cents had the transaction taken place on 1 Jan 2024.
• - Read this at SGinvestors.io -

Divestment of CapitaMall Yuhuating and participation in CLCR IPO likely to be dilutive if net proceeds are solely used to repay debt.

• Read more at SGinvestors.io.

Above is an excerpt from a report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full PDF report @ https://www.iocbc.com/.

Previous report by OCBC:
2025-07-30 CapitaLand China Trust - No Light At The End Of The Tunnel Yet.

Price targets by other brokers at CapitaLand China Trust Target Prices.

Listing of research reports at CapitaLand China Trust Analyst Reports.

Relevant links:
CapitaLand China Trust Share Price History,
CapitaLand China Trust Announcements,
CapitaLand China Trust Dividend Payout Dates & Corporate Actions,
CapitaLand China Trust News