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Published Thu, Jul 18, 2019 · 09:50 PM

CapitaLand Commercial Trust | SELL (maintained) July 18 close: S$2.15 Target price: S$1.92 OCBC Investment Research, July 18

CapitaLand Commercial Trust (CCT) announced its Q2 2019 results which met our expectations.

Separately, CCT also announced that it has secured WeWork Singapore Pte Ltd as a new tenant for its 21 Collyer Quay property. The seven-year lease will commence from early Q2 2021. This lifts the overhang on the property as current tenant HSBC's lease will be expiring in April 2020.

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