Singapore Stock Market News

CapitaMall Trust - Searching for growth

StockFanatic
Publish date: Mon, 22 Apr 2013, 12:30 AM
StockFanatic
0 10,453
Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.
CMT's operating metrics picked up in 1Q, with the ongoing completion of AEIs. Management retained a higher sum in 1Q, including S$6.6m which will be released in FY13 for income-smoothening. We think that CMT's current valuations price in the positives.

At 24% of our FY13 forecast, 1Q13 DPU broadly met our and market expectations. We raise FY13 DPU for reduced interest cost and retained earnings but lower FY14-5 for occupancy and rental changes. We keep our DDM-based target price (discount rate: 6.7%) and Underperform call. De-rating catalyst from over-paying for acquisitions.
Read more »
Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment