Monday, June 28, 2010

CapitaCommercial Trust

DB initiates CCT as Buy with $1.38 target price. Likes CCT for its exposure to S’pore's recovering office market. With the close correlation between spot rents and its share price, improving visibility of the office recovery and the turning of the rental cycle should drive the stock further. Opiones CCT's potential to unlock value via asset divestment is under appreciated by market.

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