Analysts mixed on CMT's prospects following 1Q DPU plunge

SINGAPORE (May 4): The temporary closure of entertainment and non-essential retail outlets, which has hit CapitaLand Mall Trust (CMT) hard, has prompted a mixed view from analysts.

Last week, CMT reported its distribution per unit (DPU) plunged 70.5% y-o-y to 0.85 cent in the 1Q FY20.

This has impacted CMT’s downtown malls more than it has on its sub-urban malls, according to RHB Securities.

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