Soft retail market robs CapitaLand Mall Trust of bright spots for now: RHB
Michelle Zhu • • 2 min read
SINGAPORE (Oct 24): RHB is maintaining its “neutral” call on CapitaLand Mall Trust (CMT) with an unchanged price target of $2.08 based on a cost of equity (CoE) of -6.9% and terminal growth (TG) of -1.5%.
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SINGAPORE (Oct 24): RHB is maintaining its “neutral” call on CapitaLand Mall Trust (CMT) with an unchanged price target of $2.08 based on a cost of equity (CoE) of -6.9% and terminal growth (TG) of -1.5%.
CMT last week announced a 3Q distribution per unit (DPU) of 2.78 cents, unchanged from a year ago and in line with RHB’s expectations.
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