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CapitaLand Integrated Commercial Trust (CICT)
Broker's Calls
Analysts in favour of CMT-CCT merger due to benefits of scale
UOB KayHian says CICT will become the largest REIT in Singapore and the second largest REIT in the Asia Pacific region.
September 10, 2020
REITs
CMT to list 2.78 bil new units following SGX approval; CCT to delist
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.
August 31, 2020
Broker's Calls
Daiwa upgrades CapitaLand Commercial Trust to 'outperform' from 'sell' on brighter post-merger outlook
Lead analyst David Lum opines that a strong y-o-y DPU growth is in the pipelines for the group for FY21-22E, led by the progressive income contribution from CapitaSpring, which is scheduled for completion in 1HFY21.
February 11, 2020
REITs
CMT, CCT propose merger to create largest REIT in Singapore, third largest in Asia Pacific
The merged entity is expected to have a market capitalisation of $16.8 billion and a combined property value of $22.9 billion.
January 22, 2020