CapitaCommercial Trust (C61U.SG) flat $1.33, off 52-week peak of $1.35 set in early trade, with higher 2Q10 DPU, management’s upbeat outlook sustaining interest, says Dow Jones.

2Q10 DPU at 1.97 cents vs 1.71 cents year earlier, 1.93 cents in 1Q10. But as REIT +16.7% since beginning June, incentives to chase are few, with investors awaiting next acquisition move following strengthened balance sheet post-sale of Starhub Centre.

“We recommend investors to accumulate the stock on any potential share price weakness,” says DMG, which has Neutral call with $1.24 target. CapitaCommercial’s net property income +1.3% on year at $74.2 million on lower property tax, higher rents, increased occupancy.

Orderbook quotes suggest minimal upside beyond $1.35.