The research house’s target price on the counter remains unchanged at $1.90 at this stage – as it believes potential distribution from divestment gains and enhanced contributions from the redevelopment of Golden Shoe Carpark will mitigate the loss of income from the group’s divested properties.
SINGAPORE (July 4): UOB Kay Hian is reiterating its “buy” call on CapitaLand Commercial Trust (CCT) following news of its divestment of Wilkie Edge to construction and property development firm, Lian Beng Group, for a consideration price of $280 million.
