Investment thesisCapitaLand China Trust's (CLCT) 1H21 revenue rose 74.2% YoY to SGD176.9m while NPI was up 84.4% to SGD120.3m. 1H21 DPU rose 40.1% YoY to 4.23 S cents, in-line with our expectations. As at 30 June 2021, occupancy for retail and business parks improved QoQ to 95.4% and 94.0% respectively. Rental reversions for the retail […]

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