Stock Name: CMMT
Company Name: CAPITAMALLS MALAYSIA TRUST
RHB Research raised CapitaMalls Malaysia Trust's fair value to RM1.69 per share from RM1.45, citing the real estate investment trust's (REIT) defensive nature.
"We continue to believe that defensive stocks with yields will still be in favour for investors in the near term, especially in times of economic uncertainties," the research house said in a note on Monday.
Maintaining "market perform' on the counter, RHB said CapitaMalls' manager believed that Malaysian REIT's yields were still sustainable, given that the country's larger REITs were still trading above the Malaysian government securities bonds.
By 9:38am , CapitaMalls shares rose 2.55 percent to RM1.61, outperforming the broader index's 0.14 percent drop. -- Reuters
Company Name: CAPITAMALLS MALAYSIA TRUST
| Research House: RHB | Price Call: HOLD | Target Price: 1.69 |
RHB Research raised CapitaMalls Malaysia Trust's fair value to RM1.69 per share from RM1.45, citing the real estate investment trust's (REIT) defensive nature.
"We continue to believe that defensive stocks with yields will still be in favour for investors in the near term, especially in times of economic uncertainties," the research house said in a note on Monday.
Maintaining "market perform' on the counter, RHB said CapitaMalls' manager believed that Malaysian REIT's yields were still sustainable, given that the country's larger REITs were still trading above the Malaysian government securities bonds.
By 9:38am , CapitaMalls shares rose 2.55 percent to RM1.61, outperforming the broader index's 0.14 percent drop. -- Reuters
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