Brokers' take
CapitaLand Mall Trust | BUY Sept 10 close: S$2.09 Target price: S$2.45 DBS Group Research, Sept 10
Anchored by resilient yields, CapitaLand Mall Trust (CMT) has been a safe harbour for investors and is starting to emerge as a growth play.
While the street remains divided on the stock given the uncertainties over the impact of the surge in new retail supply over 2018-2019, we believe that the new supply is not a big threat to CMT given strong pre-commitments ahead of completion.
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