CapitaCommercial Trust (C61U.SG) off 0.8% at $1.31 in thin trade with widely-expected sale of Starhub Centre in Singapore, for $380 million, failing to stir interest.

“Catalysts, in our view, for the stock remains its ability to pursue yield-accretive acquisitions to replenish its portfolio or potential redevelopment of some of its older properties,” says DBS Vickers, which has Hold call with $1.30 target.

Goldman Sachs, which has Buy call with $1.42 target, expects FY10 DPU to fall by 4.0% post-sale, but tips 50% boost to net income stemming from $109.1 million divestment gain: “(The sale) could assure investors that progress is underway to upgrade its portfolio mix, addressing concerns that it may be losing its foothold in the office space with its older portfolio.”

CCT will use proceeds to fund potential acquisitions, repay debt. 15-day moving average, last at $1.27, expected as support.