Will CapitaLand Mall Trust enjoy good tidings this Christmas?

SINGAPORE (Oct 24): CIMB Research and DBS Vickers Securities are maintaining their “hold” and “buy” calls on CapitaLand Mall Trust (CMT) with the respective price targets of $2.20 and $2.25 after the REIT posted a 6.7% fall in DPU to 2.78 cents for 3Q.

(See also: CapitaLand Mall Trust posts 6.7% fall in 3Q DPU lower of 2.78 cents)

In a Friday report, CIMB analysts Lock Mun Yee and Yeo Zhi Bin say CMT’s recent set of results were in line with their forecasts, noting an “anaemic rental uplift” despite higher tenant sales and shopper traffic.

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