The flat DPU is said to be in line with both brokerages’ expectations.
SINGAPORE (April 21): OCBC Investment Research and RHB are reiterating their respective “buy” and “hold” calls with a fair value estimate of $2.20 and $2.07 target price, after the manager of CapitaLand Mall Trust (CMT) reported a 1Q17 distribution per unit (DPU) of 2.73 cents, unchanged from a year ago.
(See also: CapitaLand Mall Trust 1Q DPU comes in flat at 2.73 cents)
