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CCT’s Golden Shoe redevelopment a fitting project for value creation

Michelle Zhu
Michelle Zhu10/20/2016 09:03 AM GMT+08  • 2 min read
CCT’s Golden Shoe redevelopment a fitting project for value creation
SINGAPORE (Oct 19): Maybank Kim Eng is reiterating its “buy” call on CapitaLand Commercial Trust (CCT) with an unchanged target price of $1.81.
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SINGAPORE (Oct 19): Maybank Kim Eng is reiterating its “buy” call on CapitaLand Commercial Trust (CCT) with an unchanged target price of $1.81.

In a Wednesday report, analyst Derrick Heng says CCT remains Maybank’s top pick as it finds the Trust’s forward yields of 5.7% attractive given its strong WALE of 6.8 years, as well as its DPU growth from the acquisition of CapitaGreen.

CCT on Wednesday posted a 3Q y-o-y increase in distribution per unit (DPU) of 7.5% to 2.3 cents, which was in line with the research house’s expectations.

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