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Published Wed, Jul 12, 2017 · 09:50 PM

    CapitaLand Retail China Trust | Hold (Downgrade) July 12 close: S$1.625 Target price: S$1.58 OCBC Investment Research, July 12

    IN our previous report, we highlighted the recovery of CapitaMall Minzhongleyuan (MZLY) and contributions from recently acquired CapitaMall Xinnan as two key catalysts for CapitaLand Retail China Trust (CRCT) going forward.

    While we continue to see some upside from MZLY and Xinnan, we note that current price levels are more reasonable than the depressed levels we previously saw.

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