One key factor for Wong and Tan's optimism is the complete ownership of CapitaSpring Commercial, with CICT taking over the remaining 55% it did not previously own.
Geraldine Wong and Derek Tan of DBS Group Research have kept their "buy" call on CapitaLand Integrated Commercial Trust. With prospects of higher distribution thanks to acquisitions and asset enhancements, they have raised their target price from $2.30 to $2.50.
"The largest integrated commercial S-REIT is well positioned to ride the upcycle in Singapore’s office and retail markets," state Wong and Tan in their Aug 25 note.
