Brokers' take

CapitaLand Commercial Trust > Buy UOB Kay Hian, July 20 July 20 close: S$1.75 Target price: S$1.99

CAPITALAND Commercial Trust's (CCT) Q2 FY18 adjusted distribution per unit rose 14.3 per cent year-on-year to 2.16 Singapore cents.

Gross revenue and net income grew 12 per cent year-on-year and 12.5 per cent year-on-year respectively on contribution from Asia Square Tower 2 (AST2), which offset the loss in contributions from the divestments of One George Street, Golden Shoe Car Park and Wilkie Edge in 2017.