In a Friday report, RHB has downgraded its call on CCT to “sell” from “take profit” with a slightly higher target price of $1.63, after tweaking FY18-19F distribution per unit (DPU) higher by 0-1% and lowering COE assumptions to 5.9%.
SINGAPORE (Jan 26): Brokers are divided on their recommendations for CapitaLand Commercial Trust (CCT), after its manager yesterday announced a 13% decline in 4Q DPU to 2.08 cents due to absence of income of properties divested in 2H17.
