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Home / Capital / Brokers Calls

CCT upgraded on potential merger with CMT

Broker's Calls

CCT upgraded on potential merger with CMT

Samantha Chiew Published on Mon, Jun 08, 2020 / 11:11 AM GMT+8

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SINGAPORE (June 8): DBS Group Research is upgrading its recommendation on CapitaLand Commercial Trust (CCT) to “buy” with an increased target price of $1.95 from $1.55 previously.

This upgrade is led by the upgrade and repricing of CapitaLand Mall Trust (CMT), which will be merging with CCT.

See: CMT, CCT propose merger to create largest REIT in Singapore, third largest in Asia Pacific