CapitaMall Trust cut to "hold" by AmFraser

Stock Name: CapitaMall Trust
Company Name: CAPITAMALL TRUST

Research House: AmFraser

Price Call: HOLD

Target Price: 2.31

SINGAPORE (Jan 27): AmFraser Securities has downgraded CapitaMall Trust to "hold" from "buy" on valuation grounds following the stock's recent run-up. It has a price target of $2.31.

Investors can consider buying the stock if it heads down to $2.10, according to AmFraser analyst Wilson Liew.

Catalysts for the stock include yield-accretive acquisitions, which could include Bedok Mall, and a go-ahead to fully utilize the 380,000 sq ft of approved additional commercial gross floor area at Funan IT mall, he said.

CapitaMall Trust cut to "neutral" by Credit Suisse

Stock Name: CapitaMall Trust
Company Name: CAPITAMALL TRUST

Research House: Credit Suisse

Price Call: HOLD

Target Price: 2.37

SINGAPORE (Jan 26): Credit Suisse has downgraded CapitaMall Trust (CMT) to "neutral" from "outperform", citing limited upside to its revised price target of $2.37 after the stock's gain of about 10% since the start of the year.

"We prefer to look out for better entry points for the stock," Credit Suisse analysts Yvonne Voon and Daniel Lim said in a note.

They trimmed their price target from $2.40 after lowering their distribution per unit forecasts by 1.7% for 2015 and 2.8% for 2016 to factor in "a challenging retail outlook".

CapitaMall Trust upgraded to "buy" from "hold" by CIMB

Stock 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.