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.