In a Tuesday report, CGS-CIMB analyst Eing Kar Mei opines that CMT remains well positioned to “sail through the tough times and emerge stronger later”.
SINGAPORE (Apr 15): Although retail REITs have not been immune to the global market sell-off, experts believe that near-term disruptions from the Covid-19 outbreak have already been priced in.
In particular, CGS-CIMB Research believes that CapitaLand Mall Trust’s (CMT) valuations have already priced in the fundamental downsides of the virus, as it hovers nearest to its global financial crisis (GFC) trough.
