Strategy

报告摘要

• August home sales dipped to a ytd low of 153 units, ex-ECs, owing to slow launch activity. We anticipate a pick-up in new launch activity from late-September onwards. Maintain OVERWEIGHT on property with our top picks of CIT and CLI. Stock catalysts include CIT’s upcoming strategic review with potential portfolio optimisation activities as well as CLI’s focus to accelerate growth by unlocking S$7b-9b of embedded value in non-core and legacy investments for future capital recycling and value realisation.