In a Thursday report, analyst Vijay Natarajan notes that the unit price of CCT has outperformed the Straits Times Index and SGX S-REIT Index by 9% and 8% respectively, and says he believes the recent run-up in its unit price has already factored in most of the positives arising from the potential redevelopment of Golden Shoe Car Park (GSCP).
SINGAPORE (April 20): RHB has downgraded its call on CapitaLand Commercial Trust (CCT) from “buy” to “take profit”, recommending investors to lock in profits and re-enter at lower levels now that the units of the trust are currently hovering close to the research house’s target price of $1.68, which remains unchanged.
(See also: CapitaLand Commercial Trust’s 1Q17 DPU rises 9.6% to 2.4 cents)
