CGS-CIMB analyst Lock Mun Yee, UOB analyst Jonathan Koh and the OCBC team have all reduced their target prices and fair values. Lock has reduced her target price to $2.17 from $2.35 previously, Koh has reduced his target price to $2.02 from $2.09 previously while the team at OCBC has reduced their fair value to $2 from $2.19 previously. Meanwhile, the DBS team, Citi analyst Brandon Lee and RHB analyst Vijay Natarajan have all kept their target prices of $2.30, $2.20 and $2 respectively.
Analysts are remaining upbeat on CapitaLand Integrated Commercial Trust (SGX:C38U
) ’s (CICT) prospects after the REIT released its results for the 3QFY2023 ended Sept 30 on Oct 26. CICT’s distribution per unit (DPU) for the quarter rose by 4.6% y-o-y to $391.3 million.
RHB Bank Singapore upgraded its call to “buy” from “neutral” while DBS Group Research, OCBC Investment Research, Citi Research, CGS-CIMB Research and UOB Kay Hian have all kept their “buy” or "add" calls.
