SINGAPORE (Oct 29): CIMB maintains its “add” rating on CapitaLand Commercial Trust after the firm’s earnings report earlier this week, but lowers its target price slightly to $1.65 from $1.69 previously.

CIMB notes that the trust’s third quarter results were in line with expectations, adding that it particularly likes CCT's healthy balance sheet and low gearing.

The firm has one of the lowest leverages within the Singapore trust sector.

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