Brokers' take
CapitaLand Mall Trust (CMT) | Buy (upgraded) May 27 close: S$2.45 Target price: S$2.65 UOB Kay Hian, May 27
CMT is a prime beneficiary of growth from the Jurong Lake District (JLD) as Singapore's second central business district. JLD comprises commercial hub Jurong Gateway and leisure precinct Lakeside.
CMT owns three retail malls IMM Building, JCube and Westgate located within Jurong Gateway and adjacent to Jurong East MRT station, which in aggregate currently accounts for 20 per cent of CMT's portfolio valuation.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
UBS reports first profit since taking over Credit Suisse
Amazon’s AWS commits extra S$12 billion to boost Singapore cloud infrastructure
New Thai finance chief wants monetary, fiscal policies aligned
Swiss-Asia Financial Services fined S$2.5 million for money-laundering rule breaches
Singapore-based Princeton Digital gets green loan for US$1.5 billion Asia AI hub
Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO