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/.

Read also OCBC's most recent report:
2025-10-30 CapitaLand China Trust - Persistent Weakness.

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