Broker: OCBC Group Research
Date of Report: 27 April 2026
Excerpt from OCBC Group Research report.
Report Summary
- CapitaLand India Trust (CLINT SP):
Action: BUY
Target Price: SGD 1.30
Key Idea: Despite FX headwinds and a lower fair value estimate from SGD1.37 to SGD1.30, CLINT’s long-term growth remains intact, supported by robust leasing momentum and demand for office space in India. Attractive FY26E distribution yield of over 7% presents a potential entry point for long-term investors.
- Frasers Centrepoint Trust (FCT SP):
Action: BUY
Target Price: SGD 2.49
Key Idea: FCT delivered resilient 1HFY26 results with DPU up 1.4% YoY to 6.136 Singapore cents, strong rental reversions, and high occupancy. Portfolio fundamentals remain solid with limited impact from higher utility costs.
- Suntec REIT (SUN SP):
Action: HOLD
Target Price: SGD 1.45
Key Idea: Suntec REIT posted a strong 1Q26 DPU increase of 23.9% YoY to 1.936 Singapore cents. Guidance for rental reversions and portfolio occupancy remains stable. Minor increase in fair value driven by lower borrowing costs and higher JV income.
above is an excerpt from a report by OCBC Group Research. Clients of OCBC Group Research can be the first to access the full report from the OCBC Group Research website : https://www.ocbc.com
