---
title: "Stock Analysis: CapLand China Trust | Lianhe Zaobao"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/275112035.md"
description: "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"
datetime: "2026-02-06T10:42:17.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/275112035.md)
  - [en](https://longbridge.com/en/news/275112035.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/275112035.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/275112035.md) | [繁體中文](https://longbridge.com/zh-HK/news/275112035.md)


# Stock Analysis: CapLand China Trust | Lianhe Zaobao

### CapitaLand China Trust

-   Recommendation: Hold (Under Evaluation)
-   Target Price: 0.75 CNY
-   Closing Price: 0.765 CNY (-1.92%)

The weak performance of CapitaLand China Trust is in line with expectations, as its asset portfolio continues to search for a bottom. Currently, the retail sector remains the only asset class with a relatively stable outlook, being less affected by supply risks and benefiting from the rebound in Chinese consumer confidence. We expect the downward pressure on rents for commercial parks and logistics properties to persist, potentially remaining in the high single digits to double digits, and further rental incentives may be introduced to retain tenants.

Additionally, we believe the trust will continue to focus on asset securitization and may expedite asset divestitures, as the timeline for injecting assets into trusts listed in China has been shortened from one year post-listing to six months. Furthermore, due to operational weakness and exchange rate fluctuations, the distribution per unit (DPU) remains under pressure. This year, attention must still be paid to the risk of further declines in the trust's valuation, which may limit the upside potential of its stock price. We maintain a "Hold" rating and will reassess. (DBS Group Research)

#### Further Reading

Stock Evaluation: Lion City Logistics Trust Stock Evaluation: Nanchang

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