Stock Name: CMMT
Company Name: CAPITAMALLS MALAYSIA TRUST
Company Name: CAPITAMALLS MALAYSIA TRUST
| Research House: MIDF | Price Call: HOLD | Target Price: 1.66 |
Showing posts with label CMMT. Show all posts
Showing posts with label CMMT. Show all posts
April 16, 2015
No Surprises in 1Q15 Earnings
Stock Name: CMMT
Company Name: CAPITAMALLS MALAYSIA TRUST
Company Name: CAPITAMALLS MALAYSIA TRUST
| Research House: TA | Price Call: HOLD | Target Price: 1.69 |
March 10, 2015
Proposed Private Placement
Stock Name: CMMT
Company Name: CAPITAMALLS MALAYSIA TRUST
Company Name: CAPITAMALLS MALAYSIA TRUST
| Research House: TA | Price Call: HOLD | Target Price: 1.69 |
Proposed RM395.5m Placement To Fund Tropicana Purchase
Stock Name: CMMT
Company Name: CAPITAMALLS MALAYSIA TRUST
Company Name: CAPITAMALLS MALAYSIA TRUST
| Research House: MIDF | Price Call: HOLD | Target Price: 1.66 |
February 12, 2015
Impact from lower electricity tariffs
Stock Name: CMMT
Company Name: CAPITAMALLS MALAYSIA TRUST
Company Name: CAPITAMALLS MALAYSIA TRUST
| Research House: MIDF | Price Call: HOLD | Target Price: 1.66 |
January 27, 2015
Acquiring Tropicana City Mall and Office Tower
Stock Name: CMMT
Company Name: CAPITAMALLS MALAYSIA TRUST
Company Name: CAPITAMALLS MALAYSIA TRUST
| Research House: MIDF | Price Call: HOLD | Target Price: 1.66 |
Acquiring Tropicana City Mall and Office Tower
Stock Name: CMMT
Company Name: CAPITAMALLS MALAYSIA TRUST
Company Name: CAPITAMALLS MALAYSIA TRUST
| Research House: TA | Price Call: HOLD | Target Price: 1.81 |
January 21, 2015
Performing well so far
Stock Name: CMMT
Company Name: CAPITAMALLS MALAYSIA TRUST
Company Name: CAPITAMALLS MALAYSIA TRUST
| Research House: MIDF | Price Call: BUY | Target Price: 1.66 |
October 23, 2014
Earnings On Track
Stock Name: CMMT
Company Name: CAPITAMALLS MALAYSIA TRUST
Company Name: CAPITAMALLS MALAYSIA TRUST
| Research House: TA | Price Call: BUY | Target Price: 1.65 |
April 17, 2014
CMMT - Managing MRT disruptions well
Stock Name: CMMT
Company Name: CAPITAMALLS MALAYSIA TRUST
Company Name: CAPITAMALLS MALAYSIA TRUST
| Research House: MIDF | Price Call: BUY | Target Price: 1.66 |
January 24, 2014
CMMT - Solid performance despite MRT works at Sungei Wang Plaza
Stock Name: CMMT
Company Name: CAPITAMALLS MALAYSIA TRUST
Company Name: CAPITAMALLS MALAYSIA TRUST
| Research House: MIDF | Price Call: BUY | Target Price: 1.66 |
October 25, 2013
CMMT - More concern about Sungei Wang Plaza
Stock Name: CMMT
Company Name: CAPITAMALLS MALAYSIA TRUST
Company Name: CAPITAMALLS MALAYSIA TRUST
| Research House: MIDF | Price Call: HOLD | Target Price: 1.66 |
July 22, 2013
Sungei Wang Plaza affected by MRT works
Stock Name: CMMT
Company Name: CAPITAMALLS MALAYSIA TRUST
Company Name: CAPITAMALLS MALAYSIA TRUST
| Research House: MIDF | Price Call: HOLD | Target Price: 1.75 |
April 17, 2013
A good start
Stock Name: CMMT
Company Name: CAPITAMALLS MALAYSIA TRUST
Company Name: CAPITAMALLS MALAYSIA TRUST
| Research House: MIDF | Price Call: HOLD | Target Price: 1.75 |
January 23, 2013
Major upgrading work for Sungei Wang
Stock Name: CMMT
Company Name: CAPITAMALLS MALAYSIA TRUST
Company Name: CAPITAMALLS MALAYSIA TRUST
| Research House: MIDF | Price Call: HOLD | Target Price: 1.71 |
October 19, 2012
Enhancing assets to drive earnings
Stock Name: CMMT
Company Name: CAPITAMALLS MALAYSIA TRUST
Company Name: CAPITAMALLS MALAYSIA TRUST
| Research House: MIDF | Price Call: HOLD | Target Price: 1.71 |
July 23, 2012
RHB ups CapitaMalls' fair value
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
April 20, 2012
Capitamall M'sia Trust - Results largely in-line with positive rental reversion on newly acquired malls BUY
Stock Name: CMMT
Company Name: CAPITAMALLS MALAYSIA TRUST
Company Name: CAPITAMALLS MALAYSIA TRUST
| Research House: AMMB | Price Call: BUY | Target Price: 1.68 |
- We re-affirm our BUY rating on CapitaMall Malaysia Trust (CMMT) and raise our fair value toRM1.68/unit (vs.RM1.15/unit previously), based on a 10% discount to our DCF valueof RM1.86/unit. We have raised our earnings assumption by 5% from FY15F onwardsaccounting for organic growth. Taken together with the DPU estimate of 7.9 senfor FY12F, our fair value implies a total return of 17% over the currentprice.
- CMMT's 1QFY12 net income came in at RM35mil, which is largelyin line with our and street's estimates, making up 22% and 24%, respectively.
- CMMT recorded an increase of RM19mil (+35.3%) of gross rentalincome over 1QFY11, which was mainly contributed by its recent acquisition ofthe East Coast Mall and Gurney Plaza Extension as well as the completion of theasset enhancement works at Gurney Plaza last year. Additionally, higher rentalrates were achieved from new and renewed leases.
- During 1QFY12, the portfolio incurred higher property expensesattributed to higher utility and marketing expenses, and reimbursable staffcost. Hence, net property income grew by 11.4% QoQ and 32.4% YoY.
- Portfolio occupancy remains strong at nearly 100%. Occupancyat The Mines saw a marginal drop this quarter from 98.8% to 97.3% because ofrenovation works and reshuffling of trade mix. However, management is confidentthat the occupancy rate will revert to nearly 99% as they are in the midst ofclosing a deal.
- The proposed plan to convert the huge car park space (NLA:100,000sf or +23%) into retail space at East Coast Mall is currently pending planningapproval.
- Meanwhile, shopper's traffic was rather stable with12.9mil visitors registered during the quarter, accounting for an increase of 17% YoY.
- The portfolio also showed a positive rental reversion of5.6%, mostly contributed by East Coast Mall with a rental reversion of +12.1%,followed by Gurney Plaza at +10.4%. Further to that, 1QFY12 DPU of 2.1 senexceeds 1QFY11 DPU of 1.90 sen by 10%.
- At projected dividend yields of 5.6% and 5.9% for FY12Fand FY13F, respectively, valuation is not cheap. Nevertheless, we believe CMMThas a solid strategy to grow DPU. It has consistently outperformed marketexpectations, given its quality retail portfolio, strong parentage and more importantly,ready access to a large pool of established retailers. We believe CMMT offers alow risk exposure to the retail REIT sector.
Source: AmeSecurities
CapitaMalls Malaysia Trust - East Coast Mall delivers the goods in its 1st full quarter
Stock Name: CMMT
Company Name: CAPITAMALLS MALAYSIA TRUST
Target RM1.65
At 25% of our full-year estimate, CMMT's 1Q12 results were within expectations, helped by the first full quarter of contribution from East Coast Mall, asset enhancement initiatives for Gurney Plaza and higher rental rates for renewed leases. We continue to use DDM to value CMMT. The stock remains an Outperform as it is well-supported by attractive yields of >6%. CMMT is our top pick among the REITs. Rerating catalysts are 1) a potential >23% increase in NLA for East Coast Mall, and 2) asset enhancement initiatives.
Source: CIMB Daybreak - 20 April 2012, Full PDF Report
Company Name: CAPITAMALLS MALAYSIA TRUST
| Research House: CIMB | Price Call: BUY | Target Price: 1.65 |
Target RM1.65
At 25% of our full-year estimate, CMMT's 1Q12 results were within expectations, helped by the first full quarter of contribution from East Coast Mall, asset enhancement initiatives for Gurney Plaza and higher rental rates for renewed leases. We continue to use DDM to value CMMT. The stock remains an Outperform as it is well-supported by attractive yields of >6%. CMMT is our top pick among the REITs. Rerating catalysts are 1) a potential >23% increase in NLA for East Coast Mall, and 2) asset enhancement initiatives.
Source: CIMB Daybreak - 20 April 2012, Full PDF Report
February 24, 2012
Solid strategy, making all the right moves
Stock Name: CMMT
Company Name: CAPITAMALLS MALAYSIA TRUST
Company Name: CAPITAMALLS MALAYSIA TRUST
| Research House: AMMB | Price Call: BUY | Target Price: 1.54 |
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