Stock Analysis: CapLand China Trust | Lianhe Zaobao

CapitaLand China Trust recommends holding, with a target price of 0.75 yuan and a closing price of 0.765 yuan (-1.92%). Its weak performance meets expectations, and the asset portfolio is still bottoming out. The retail sector outlook is stable, with little impact from supply risks, benefiting from a rebound in consumer confidence. Rental pressure in commercial parks and logistics properties is expected to continue, and rental incentive measures may be introduced. The trust will focus on asset securitization and may expedite asset divestment. Operational weakness and exchange rate fluctuations affect the distribution per unit (DPU), and attention should be paid to the risk of valuation decline