Analysts from Maybank Kim Eng, CGS-CIMB Research and RHB Group Research have had mixed responses to CapitaLand Integrated Commercial Trust’s (CICT) move to acquire two office buildings in Sydney, Australia for A$330.7 million ($330.7 million).

The acquisition marks CICT’s maiden foray into the country.

Following the deal announcement, Maybank Kim Eng has kept its “buy” rating for CICT with an unchanged target price of $2.55. CGS-CIMB reiterated its “add” call with a slight increase in target price from $2.56 to $2.57, while RHB kept its “neutral” rating and target price of $2.20.

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