In their report dated Aug 1, Lock Mun Yee and Natalie Ong of CGS-CIMB say that CICT’s recovery momentum continues, with its 1HFY2023 ended June 30 distribution per unit (DPU) of 5.3 cents in line with 48.9% of their full-year forecast.
Analysts from CGS-CIMB Research and DBS Group Research have kept their “buy” and “add” calls on CapitaLand Integrated Commercial Trust (CICT) (SGX:C38U
) with target prices unchanged at $2.35 and down from $2.40 previously at $2.30, respectively.
Meanwhile, RHB Group Research’s Vijay Natarajan has stayed “neutral” on the REIT with an unchanged target price of $2.00.
