Stock Name: CapitaMall Trust
Company Name: CAPITAMALL TRUST
Company Name: CAPITAMALL TRUST
| Research House: CIMB | Price Call: BUY | Target Price: 2.11 |
SINGAPORE (Oct 20): CIMB has upgraded its rating on CapitaMall Trust to "add" from "hold", saying the stock offers an "attractive" total return of 16%, based on its unchanged price target of $2.11, following its recent pullback.
Fundamentally, while the REIT's organic growth is likely to remain anaemic in the near term, tenant sales and shopper traffic are seeing some traction, with lower y-o-y declines, according to CIMB analyst Lock Mun Yee.
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