SINGAPORE (Oct 20): RHB is upgrading CapitaLand Commercial Trust (CCT) to a “buy” with a target price of $1.68 on plans to redevelop Golden Shoe Car Park to a Grade A office building.

CCT’s recently released 3Q16 results were also in line with RHB’s forecasts.

(See also: CapitaLand Commercial Trust declares 3Q DPU of 2.3 cents; plans to redevelop Golden Shoe Car Park)

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