SINGAPORE (May 29): Following the announcement that retail tenants could potentially resume operations as early as end-June, CapitaLand Mall Trust (CMT) is now an opportunity to accumulate on dips, according to DBS Group Research.

The brokerage notes that CMT had suffered a recent sell down as the novel coronavirus (Covid-19) pandemic worsened in Singapore.

It points out that the trust is currently trading at 0.9 times net asset value and -2 standard deviation levels.

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