CICT, SG1M51904654

UOB Kay Hian keeps SGD 3.06 target for CapitaLand Integrated Commercial Trust stock

Published on 10/25/2026 at 02:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

UOB Kay Hian kept its SGD 3.06 target on October 21, 2026. CapitaLand Integrated Commercial Trust stock reports third-quarter results October 29.

Trust milestones and results date

UOB Kay Hian maintained a Buy rating and SGD 3.06 target on October 21, 2026.
First-half 2026 gross revenue reached SGD 846.8 million, up 7.50 percent year over year.
CICT is scheduled to publish its third-quarter 2026 results on October 29, 2026.

CICT, SG1M51904654, Illustration mit AI erstellt.

CapitaLand Integrated Commercial Trust (SG1M51904654) kept a SGD 3.06 analyst target after a report dated October 21, 2026. UOB Kay Hian maintained its Buy rating and linked the view to Paragon's contribution and positive office rent reversion.

Paragon changes the earnings base

CICT completed the Paragon acquisition on July 1, 2026, at an agreed property value of SGD 3.9 billion, according to the UOB Kay Hian report. The asset is expected to provide a full six-month contribution in the second half of 2026, while its net property income yield was stated at 3.90 percent.

Three dates explain the setup

The recent sequence began on July 1, 2026, when the Paragon acquisition closed at SGD 3.9 billion. On August 12, 2026, first-half distribution per unit reached SGD 0.0602, up 7.10 percent from the prior-year period, while gross revenue rose 7.50 percent to SGD 846.8 million, as reported by Dividends.sg. The latest event was UOB Kay Hian's October 21, 2026 report, which retained the SGD 3.06 target.

When are the next results due?

CICT is scheduled to publish third-quarter 2026 results on October 29, 2026, according to The Kopi Notes. The report will provide the first quarterly view of Paragon's contribution after the acquisition. UOB Kay Hian also cited ongoing asset enhancement initiatives at Tampines Mall, Capital Tower and Plaza Singapura.

What does the target depend on?

The target case rests on property income growth rather than on acquisition size alone. UOB Kay Hian said 96.00 percent of Tampines Mall enhancement space was committed or under advanced negotiations as of June 2026, while office expiries in the second half of 2026 were below prevailing market rents of SGD 11.42 per square foot per month.

Singapore listing sets the market context

CICT was last at SGD 2.30 on the Singapore Exchange on October 23, 2026 at 5:10 p.m. SGT. Its quoted 52-week range was SGD 2.20 to SGD 2.57, and market capitalization was SGD 18.1 billion on the same finance snapshot. The trust is a Singapore-listed retail real estate investment trust with exposure to malls, offices and integrated developments.

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