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.
For more stories about where the money flows, click here for our Capital section
