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CICT performed within analysts' expectations as most maintain TPs starting from $2.20

Felicia Tan
Felicia Tan10/30/2021 1:15 AM GMT+08  • 6 min read
CICT performed within analysts' expectations as most maintain TPs starting from $2.20
It's mostly a "buy" or "accumulate" from the analysts on CICT.
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Analysts from CGS-CIMB Research, Citi Research, Maybank Kim Eng and UOB Kay Hian have maintained “add” or “buy” on CapitaLand Integrated Commercial Trust (CICT) as they see the REIT as “well placed” to benefit from a macro recovery.

Analysts from PhillipCapital and RHB Group Research have also kept their “accumulate” and “neutral” calls on the REIT as they see it on the mend albeit dampened by the containment measures brought about by the Covid-19 pandemic.

The analysts' remarks come as the REIT announced its business update for the 3QFY2021 on Oct 22.

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