Stock Name: CapitaCom Trust
Company Name: CAPITACOMMERCIAL TRUST
Company Name: CAPITACOMMERCIAL TRUST
| Research House: OSK-DMG | Price Call: BUY | Target Price: 1.80 |
SINGAPORE (Oct 27): OSK-DMG has upgraded its rating on CapitaCommercial Trust (CCT) to "buy" from "neutral", saying the office REIT is expected to enjoy significant positive rental reversions.
It has also increased its price target to $1.80 from $1.44.
CCT is poised to benefit from higher office spot rents as it has one of the most favourable lease expiry profiles among office REITs, with about 44% of its leases expiring in 2015-2016, according to OSK-DMG analyst Ivan Looi.
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