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Maybank KE reinstates coverage on CICT with 'buy', TP $2.50

Jeffrey Tan
Jeffrey Tan12/21/2020 11:55 AM GMT+08  • 2 min read
Maybank KE reinstates coverage on CICT with 'buy', TP $2.50
Maybank KE notes that CICT’s valuations are “undemanding” given its FY21 dividend yield of 5.2% and book value.
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Maybank Kim Eng has reinstated coverage on CapitaLand Integrated Commercial Trust (CICT) with a “buy” rating and target price of $2.50.

The brokerage notes that CICT’s valuations are “undemanding” given its FY21 dividend yield of 5.2% and book value versus history and peers.

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