CapitaCommercial Trust

CapitaCommercial Trust: Nomura reiterate Buy, TP $1.47, seeking unit buyback mandate. CCT is seeking a unit buyback mandate in the upcoming AGM to be held on 27 April, to repurchase up to 2.5% of CCT’s outstanding units. With or without the unit buyback mandate, the stock is still cheap at 25% discount to NAV, and considering its latest move to seek a unit buyback mandate, the manager is clearly in agreement.