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Nomura swings to hospitality from retail

It lifts its rating for CDL Hospitality Trust to "buy" from "neutral", downgrades CapitaMall Trust to "neutral"

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And while Singapore hotels will benefit, retailers here may be disadvantaged - these are flagged among reasons for the bank's research house switching its preference from CapitaMall Trust (CMT) to CDL Hospitality Trust (CDLHT).

Singapore

WITH Malaysia warming up as a shopping destination in Asia given its weak ringgit, there could be spillover benefits for Singapore from a rise in tourist arrivals to Malaysia, Nomura posits. And while Singapore hotels will benefit, retailers here may be disadvantaged - these are

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