Singapore Stock Market News

CapitaCommercial Trust - Latest Completion Goes Green

StockFanatic
Publish date: Tue, 24 Mar 2015, 09:48 AM
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Our visit to the recently-completed CapitaGreen reinforces our view of its role as a key growth driver for CapitaCommercial Trust. With pre-commitment at levels near 70%, leasing enquiries remain strong, particularly from non-traditional players. Office supply should remain low in 2016, with Marina One's TOP likely to be deferred to 2017.

We maintain BUY and target price of S$2.06, expecting the acquisition of the remaining 60% CapitaGreen stake to take place in 2H16.
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