Capitaland Mall Trust (CMT)

SINGAPORE (Sept 10): CapitaLand Mall Trust (CMT) has been a safe harbour for investors and is starting to emerge as a growth play.

SINGAPORE (Aug 28): Capitaland Mall Trust (CMT) announced it was acquiring the balance 70% of the units in Infinity Mall Trust (IMT) which holds Westgate mall.

SINGAPORE (Aug 27): CapitaLand Mall Trust (CMT) is acquiring the remaining 70% stake in Westgate mall for $789.6 million from controlling unitholder CapitaLand. Including acquisition-related expenses, CMT’s total acquisition outlay is estimated at $805.

SINGAPORE (July 23): OCBC Investment Research and CGS-CIMB Securities have downgraded their ratings on CapitaLand Mall Trust (CMT) to “hold” from “buy” and “add” previously after the trust’s 2Q18 results came in line with both research house

SINGAPORE (July 20): The manager of CapitaLand Mall Trust (CMT) has achieved a distribution per unit (DPU) of 5.59 cents for 1H18, an increase of 2.0% over the DPU of 5.48 cents for 1H17.

SINGAPORE (Apr 23): RHB, Phillip Capital, UOB and Maybank are keeping their “hold" calls on CapitaLand Mall Trust (CMT) at target prices of $2.10, $2.05, $2.13 and $2.10, respectively.  

SINGAPORE (Apr 19): CapitaLand Mall Trust (CMT) has agreed to sell Sembawang Shopping Centre to a joint venture between Lian Beng Group and Apricot Capital for $248 million.

SINGAPORE (Feb 21): Credit Suisse is raising its 2018 GDP growth forecast for Singapore to 3.3% on the back of expectations of higher private consumption growth following the 2018 Budget announcement on Monday.

SINGAPORE (Jan 25): CapitaLand Mall Trust (CMT) on Wednesday announced that its 4Q17 DPU increased by 0.7% y-o-y to 2.90 cents, bringing its FY17 DPU to 11.16 cents, 0.3% higher than 11.13 cents recorded in 11.13 cents.

SINGAPORE (Jan 2): Maybank KimEng is starting Singapore’s largest retail REIT at “hold” given muted rental growth of retail properties and Funan DigitaLife Mall to contribute only from end 2019.