Singapore Stock Market News

CapitaLand Mall Trust - Sells Rivervale Mall

StockFanatic
Publish date: Fri, 16 Oct 2015, 01:37 PM
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Rivervale Mall
■ CT sells Rivervale Mall for S$190.5m to private equity fund

■ Sale price is at a 64% premium to Jun 15 book value, realising a S$72m gain

■ Minimal impact on earnings as property accounts for c.1% of CT's property portfolio

■ Net proceeds will enhance CT's financial flexibility

Maintain Add, with unchanged DDM-based target price of S$2.37
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