CapitaLand Integrate Commercial Trust (CICT)

Broker's Calls

Analysts lift their TPs for CICT following ‘solid’ 1HFY2024 performance

Acquisitions are also back on the card, the analysts highlight.

Property

Tencent moves into CapitaSky to consolidate office space

For now, Tencent is taking up one floor, or about half of a 56,000-square-foot flexible working space in the tower.
CICT reports 6.3% y-o-y gain in net property income for 1QFY2024 - THE EDGE SINGAPORE

Results

CICT reports 6.3% y-o-y gain in net property income for 1QFY2024

CICT managed to achieve rental reversion of 7.2% for its retail properties ytd, and 14.1% for its office portfolio
RHB analyst has 'overweight' call on consumer, industrials, manufacturing & tech, and some REITs after Budget 2024 - THE EDGE SINGAPORE

Budget 2024

RHB analyst has 'overweight' call on consumer, industrials, manufacturing & tech, and some REITs after Budget 2024

Analyst Shekhar Jaiswal also names “neutral” stocks in finance, healthcare, real estate, telco and retail REIT sectors.
CICT garners mixed results from analysts following 3QFY2023 update; RHB upgrades to ‘buy’ - THE EDGE SINGAPORE

Broker's Calls

CICT garners mixed results from analysts following 3QFY2023 update; RHB upgrades to ‘buy’

CapitaLand Integrate Commercial Trust has garnered mixed results from analysts following its Q3FY2023 update.

Broker's Calls

CICT is a beneficiary of the reopening

CICT is poised to ride the recovery wave, but analysts have mixed sentiments amid high gearing and high interest rates.

Broker's Calls

UOB Kay Hian upgrades CapitaLand Integrated Commercial Trust to ‘buy’ with TP of $2.14

UOB Kay Hian analyst Jonathan Koh's upgrade comes on the back of CICT’s positive performance for the 3QFY2022 ended Sept 30.

Results

CICT reports NPI of $273.3 mil for 3QFY2022, up 12.7% y-o-y

Revenue for the 3QFY2022 also increased 13.7% y-o-y to $374.1 million.

Broker's Calls

UOB Kay Hian maintains 'overweight' rating for retail REITs sector; suburban malls 'fundamentally' attractive

Ddowntown malls showing signs of recovery while increasing rent prices in suburban malls are proving resilient and attractive.
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