J.P. Morgan keeps SGD 2.50 target for CICT stock
Published on 10/17/2026 at 20:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and scheduled results
- J.P. Morgan maintained a Buy rating with a SGD 2.50 target on October 13, 2026.
- First-half 2026 gross revenue reached SGD 846.80 million, up 7.50 percent year over year.
- CICT stock stood at SGD 2.23 on October 16, 2026 at 5:05 p.m. SGT, up 0.45 percent on SGX.
- CICT is scheduled to publish its third-quarter update on October 29, 2026.
J.P. Morgan maintained a Buy rating on CapitaLand Integrated Commercial Trust (SG1M51904654) in a report dated October 13, 2026, with a SGD 2.50 target, 12.11 percent above the SGD 2.23 last price. The target and rating were reported by The Globe and Mail. CICT was last at SGD 2.23 on the Singapore Exchange on October 16, 2026 at 5:05 p.m. SGT, up 0.45 percent on the day.
First-half income sets the base
CICT's first-half 2026 gross revenue reached SGD 846.80 million, up 7.50 percent from the year-earlier period. Net property income rose 8.70 percent to SGD 630.50 million, while distributable income increased 13.30 percent to SGD 466.70 million. These figures come from Quartr's summary dated October 9, 2026.
The distribution per unit was SGD 0.06024 for the six months ended June 30, 2026, up 7.10 percent year over year. Portfolio occupancy was 95.60 percent, giving the upcoming update a concrete operating benchmark.
Range and valuation frame
The October 16 price sat SGD 0.03 above the 52-week low of SGD 2.20 and SGD 0.34 below the 52-week high of SGD 2.57. CICT's year-to-date position is not used here because the available quote does not provide a dated year-start comparison. Its market capitalization was SGD 17.6 billion and its price-to-earnings ratio was 13.81 on October 16, 2026.
Valuation and October date
CICT is scheduled to publish its third-quarter update on October 29, 2026, according to Investing Iguana. The update will provide the first reported period that includes Paragon after its July 1 completion. The trust's half-year figures also included a 5.80 percent increase in units in issue, a relevant comparison for distribution per unit.
Comparison with peers
CICT (SGX, SGD): plus 0.45 percent, P/E 13.81, market capitalization SGD 17.6 billion.
CapitaLand Ascendas REIT (SGX, SGD): minus 0.46 percent, P/E 13.68, market capitalization SGD 10.8 billion.
Mapletree Industrial Trust (SGX, SGD): 0.00 percent, P/E 25.57, market capitalization SGD 5.1 billion.
Next market checkpoint
CICT's next scheduled reporting date is October 29, 2026. The last quoted price was SGD 2.23 on the Singapore Exchange on October 16, 2026 at 5:05 p.m. SGT, up 0.45 percent on the day.
CICT market details
- Company: CapitaLand Integrated Commercial Trust
- ISIN: SG1M51904654
- Ticker: C38U
- Primary exchange: Singapore Exchange
- Last price Singapore Exchange (as of October 16, 2026, 5:05 p.m. SGT): SGD 2.23
- Change on Singapore Exchange: plus 0.45 percent
- Market capitalization: SGD 17.6 billion (as of October 16, 2026)
- 52-week range: SGD 2.20-2.57 (as of October 16, 2026)
- Price-to-earnings ratio: 13.81 (as of October 16, 2026)
- Sector / Industry: Real Estate / REIT - Retail
- Next earnings date: October 29, 2026
Market context: Current market reports.
