OCBC downgrades CapitaLand Commercial Trust amid price balloon

0

OCBC has downgraded its recommendation on CapitaLand Commercial Trust (CCT), given gains in the REIT’s unit price.

The Singapore-listed office REIT has gained 22.3% in the year-to-date (YTD), and was last done on the Singapore Exchange (SGX) at SGD2.14.

According to the Singapore REIT fundamentals chart, the REIT is currently trading at a price-to-book ratio of 1.16, with a trailing yield of 4.6%.

Missing out on information beyond mainstream media reports?
Login or sign-up for a free 25-day trial here.

Full access to all editorial materials
Unlimited access to our seminars and classes
Site visit activities

Share.

Comments are closed.