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
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Copyright SPH Media. All rights reserved.
TRENDING NOW
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Beijing’s calculated silence on the Iran war
DPM Gan warns of 3 structural shifts to the global system that will bring greater challenges – and opportunities
