Singapore Stock Market News

CapitaLand Commercial Trust - Divesting Twenty Anson

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Publish date: Mon, 02 Jul 2018, 12:17 PM
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Twenty Anson
■ CCT is monetising Twenty Anson for S$516m, 19.2% above Dec 17 valuation.

■ CCT's gearing can decline by c3.4% pts if proceeds are utilised to repay bank loans.

■ This improves debt headroom for new investment opportunities.

We maintain our Add call with a slightly lower DDM-based TP of S$1.90.
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