📣 CCT Unitholders: Upon proposed merger with CMT, CCT is expected to enjoy a stronger DPU growth outlook. This is according to analysis by Daiwa, which has upgraded CCT from Sell to Outperform, with target price ⬆ 42% to $2.29. Other highlights: 🖊 Merged entity, to be called CapitaLand Integrated Commercial Trust (CICT), will be 3rd largest REIT in APAC 🖊 CICT likely to provide a stronger & sounder platform for sustainable DPU-accretive acquisitions with 🇸🇬 focus 🖊 Potentially lower cost of equity through cycles 🖊 Attractive merger terms Read on: http://bit.ly/daiwa-cct-upgrade #CapitaLand #invest #retail #commercial #office #SREIT
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