CapitaLand Mall Trust - OCBC Investment 2015-11-30: A good blue chip name to buy

CAPITALAND MALL TRUST C38U.SI 

CapitaLand Mall Trust: A good blue chip name to buy 

 Price corrected post our downgrade 

 FY16F yield close to 2 SD above 5- year mean 

 Expect stable DPU growth 

Valuations back to attractive levels 

• Following our downgrade on CapitaLand Mall Trust (CMT) to a Hold on 22 Oct 2015, we note that its share price has since corrected 8.5%, as market jitters resurfaced over the possibility of a Fed lift-off in Dec this year after a strong Oct jobs data report. 

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CapitaLand Mall Trust - CIMB Research 2015-10-22: New contributions from Bedok Mall from 4Q

CAPITALAND MALL TRUST C38U.SI 

CapitaLand Mall Trust - New contributions from Bedok Mall from 4Q 

• 3Q top line affected by ongoing AEI works and lower occupancy, offset by lower operating expenses and reduced interest charges. 
• Portfolio occupancy dipped to 96.8% on enhancement works. 
• Shopper traffic and tenant sales growth produced a stronger showing in 3Q. 
• New contributions to be felt from Bedok Mall; recent divestment of Rivervale Mall improves financial flexibility. 

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