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
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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.
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