Singapore Stock Market News

CapitaLand Mall Trust - Positive rental reversion in 1HFY18

StockFanatic
Publish date: Mon, 23 Jul 2018, 01:54 PM
StockFanatic
0 10,452
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.
■ 1H18 DPU of 5.6 Scts was in line with our FY18 forecast.

■ Growth was driven by positive rental reversion (+0.8% yoy) and lower expenses.

■ Occupancy remained high at 98% while retention rate was 83.3% in 1H18.

■ Continuous asset enhancement should help to drive growth.

Downgrade from Add to Hold with a lower target price of S$2.21. Read More
Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment