KUALA LUMPUR: Maybank Investment Bank Research has initiated coverage of CapitaMalls Malaysia Trust (CMMT) with a buy and target price of RM1.20 a share.
The research house said on Monday, Sept 20 that CMMT's Gurney Plaza, Sungei Wang Plaza strata parcels and The Mines have prospered with Malaysia.
'These substantially fully-tenanted PROPERTIES [] have navigated increasing competition and changing consumer trends and flourished. We see this continuing under the management of CMMT. Our RM1.20/sh DDM-based TP translates into a 6.5% implied yield,' it said.
The research house said on Monday, Sept 20 that CMMT's Gurney Plaza, Sungei Wang Plaza strata parcels and The Mines have prospered with Malaysia.
'These substantially fully-tenanted PROPERTIES [] have navigated increasing competition and changing consumer trends and flourished. We see this continuing under the management of CMMT. Our RM1.20/sh DDM-based TP translates into a 6.5% implied yield,' it said.
No comments:
Post a Comment