CapitaMall shares rise to 1 1/2-year high
Manager warns of headwinds in Europe, China but sees SG50 celebrations as a counter to external economy
Singapore
CAPITAMALL Trust, the largest listed mall owner in Singapore and typically seen as a defensive play, reported a steady set of results on Friday and saw its trading counter rise four cents to a 11/2-year high of S$2.25 a unit.
This is even as Wilson Tan, the CEO of CapitaMall Trust Management, which manages the real estate investment trust (Reit), warned of headwinds to Singapore's economy and retailers for the year ahead.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Gold dips as US dollar edges higher, investors seek more Fed cues
US Fed ‘less hawkish’ than expected; Singapore banks, net cash companies likely to outperform
A timeline of DBS’ recent banking glitches
Zero-day options boom will only grow even as some investors fear disaster
Singapore stocks open in the black on Monday; STI up 0.3%
China’s CICC demotes senior bankers, cuts pay to slash costs