0749 GMT - CapitaLand Investment receiving approval to list a second Chinese real-estate investment trust is strategically important despite a negligible earnings impact, DBS Group Research's Derek Tan says in a note. The move reinforces the Singapore asset manager's leadership in China's public REIT market. It also provides another platform for CapitaLand Investment to monetize its mature assets. The potential future merger of the asset manager's two China-listed REITs could boost value creation over the longer term by increasing the scale and fundraising capabilities of its platform, he adds. DBS maintains its buy rating and S$3.40 target price. Shares rise 1.2% to S$2.54. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
June 25, 2026 03:49 ET (07:49 GMT)
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