Raffles City Shopping Centre

The retailer will close down for good after suffering from at least six years of losses amid declining revenues.

“We think that the present yield differential gap is too wide to be ignored and puts CMT at a better value at its current trading price as compared to FCT,” DBS analyst Derek Tan and the research team write in a note dated July 7.

SINGAPORE (Oct 20): RHB is upgrading CapitaLand Commercial Trust (CCT) to a “buy” with a target price of $1.68 on plans to redevelop Golden Shoe Car Park to a Grade A office building.