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Broker's Calls
Already a safe harbour, CapitaLand Mall Trust is starting to emerge as a growth play: DBS
SINGAPORE (Dec 7): DBS Vickers Securities reiterates its “buy” call on CapitaLand Mall Trust (CMT) with an adjusted target price of $2.44, which now reflects a higher proportion of equity used to finance its acquisition of Westgate mall.
December 07, 2018
Broker's Calls
1 Tengah town, 2nd CBD, 3 MRT lines behind CMT's Westgate buy
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.
August 28, 2018
Property
CapitaLand Mall Trust to acquire remaining 70% stake in Westgate for $790 mil
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.
August 27, 2018