CapitaLand Commercial Trust ‘saved’ by CapitaGreen

SINGAPORE (July 21): Religare and Maybank Kim Eng are maintaining their “hold” calls on CapitaLand Commercial Trust (CCT) with target prices of $1.46 and $1.52 respectively.

This comes after the trust reported a 0.5% higher 2.20 cent distribution per unit (DPU) in 2Q from 2.19 cents last year, on the back of higher contributions from CapitaGreen and Raffles City Singapore.

(See CapitaLand Commercial Trust’s 2Q DPU edges up to 2.20 cents; grows 1.9% in 1H)

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