In response, OCBC has raised its FY19 and FY20 DPU forecasts by 0.5% and 2%, respectively, based on projections for the development’s retail and office components to contribute 3.2% and 7.6% of FY19 and FY20 net property income (NPI) forecasts in aggregate.
SINGAPORE (June 6): OCBC Investment Research is maintaining “hold” on CapitaLand Mall Trust (CMT) while raising its fair value estimate by a cent to $2.33 on the faster-than-expected ramp up of Funan.
This comes after CMT’s manager announced the impending opening of the integrated development on June 28, two months ahead of the original scheduled date.
