“The largest integrated commercial S-REIT is well positioned to ride the upcycle in Singapore’s office and retail markets,” say Wong and Tan in their Aug 25 note.
Geraldine Wong and Derek Tan of DBS Group Research have joined fellow analysts in turning more bullish on CapitaLand Integrated Commercial Trust (CICT).
With prospects of higher distribution thanks to acquisitions and asset enhancements, they have kept their “buy” call on the REIT, along with a higher target price of $2.50, up from $2.30.
