CapitaLand Commercial Trust (CCT)

Top picks for the sector are Keppel REIT (KREIT) and Mapletree Commercial Trust (MCT).

In September, the FTSE S-REIT Index gained 1.8% m-o-m, with the strongest gains observed from the hospitality subsector.

EGMs coming up on Sept 28 and 29 for three REITs, FCT, CMT and CCT to vote on transformational transactions.

UOB KayHian says CICT will become the largest REIT in Singapore and the second largest REIT in the Asia Pacific region.

Existing unitholders of CMT and CCT are expected to vote on the proposed transaction at an extraordinary general meeting on Sept 29.

Units in CMT and CCT closed flat at $1.96 and $1.68 respectively on September 3.

As at 10.04, units in CMT were trading 4 cents higher, or 2.1% up, at $1.94. Units in CCT were trading 2 cents higher, or 1.2% up, at $1.66.

Unitholders can expect to receive their dividends on August 28.

CGS-CIMB analyst Lock Mun Yee has maintained her “overweight” call on the office property sector.

For the last half decade or so, Sembcorp Marine (Sembmarine) has been hit by declining revenue and several annual losses amid a severe slump in the oil industry. As a result, the consolidation of its weak performance has been a drag o