Stock Name: CMMT
Company Name: CAPITAMALLS MALAYSIA TRUST
Research House: MAYBANK
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.
Company Name: CAPITAMALLS MALAYSIA TRUST
Research House: MAYBANK
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.
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