Broker: DBS
Date of Report: Not specified
Excerpt from DBS report.
Report Summary
- CapitaLand Integrated Commercial Trust (CICT): Prefer CICT over Frasers Centrepoint Trust (FCT) due to its insulation from potential retail leakage to Johor Bahru with the upcoming RTS launch. CICT is better protected as it holds prime downtown malls and integrated developments. Action: Prefer/BUY. Yield: 5.0% (FY26).
- Frasers Centrepoint Trust (FCT): More exposed to retail leakage risk due to its focus on suburban malls, especially in the north of Singapore. Yield: 5.5% (FY26).
- Bumitama Agri: Maintain BUY on strong CPO prices, ~5–6% yield, and margin upside. Target Price: SGD2.30.
- Prime US REIT: Maintain BUY due to leasing momentum, income visibility, and dividend support. Target Price: USD0.33 (implies 0.6x P/B), with an assumed yield of 8.5%–10.3% (FY26–27F).
Above is an excerpt from a report by DBS. Clients of DBS can be the first to access the full report from the DBS website : https://www.dbs.com.sg
