In a Tuesday report, analyst Derek Tan says: “We believe the underperformance is due to investors’ concerns on potential downside earnings risk given the weak operating outlook but we believe these risks are priced in at current levels.”
SINGAPORE (June 20): DBS is maintaining its “buy” call on CapitaLand Mall Trust (CMT) with a higher target price of $2.17 on attractive valuations.
CMT’s share price has lagged behind both S-REIT index and Singapore 10-year government bonds which is down by 30bps to 2.08% since the start of the year.
