not vested
CapitaLand Integrated Commercial Trust (CICT SP) - Clear signs of green shoots but challenges remain
CapitaLand Integrated Commercial Trust (CICT) is the largest S-REIT by market capitalisation and assets in Singapore.
It has a strong sponsor in CapitaLand Limited, and its scale has been significantly enlarged following the completion of the merger with CapitaLand Commercial Trust in Oct 2020.
CICT now offers investors diverse exposure to the suburban and downtown retail market and core CBD office sector in Singapore, coupled with a small exposure to Germany.
Although CICT has been adversely impacted by the Covid-19 outbreak, we see signs of green shoots in the recovery of the macro economy.
This positions CICT as a good proxy to the reopening theme. BUY.
Source: OCBC