GLP: CLSA reiterates Sell with TP of $1.65
- GLP to report earnings this Thursday with expectations of a 5.5 cent dividend
- Investors should look out for management's guidance of China development starts and completions
- CLSA expects China operating metrics to moderate with consensus forecasts too bullish
- Upside catalysts could come from a spinoff of part of its China portfolio
- Current valuations not depressed enough, thus limiting any privatisation hopes.
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