Brokers' Take

CapitaLand Retail China Trust > Buy (Upgrade from Hold) OCBC Investment Research, Jan 27 Jan 27 close: S$1.41 Target price: S$1.56

CAPITALAND Retail China Trust's (CRCT) FY 2016 results were within expectations. We believe CRCT has two catalysts for positive distribution per unit growth in 2017.

First, CapitaMall Minzhongleyuan appears to be on the cusp of a turnaround with the reopening of Zhongshan Avenue and commencement of Metro Line 6 in Wuhan.