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CapitaLand Mall Trust to face challenges as retail sector stalls

Jude Chan
Jude Chan7/24/2017 11:43 AM GMT+08  • 2 min read
CapitaLand Mall Trust to face challenges as retail sector stalls
SINGAPORE (July 24): RHB Research is keeping its “neutral” rating on CapitaLand Mall Trust with a marginally higher target price of $2.08, from $2.07 previously.
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SINGAPORE (July 24): RHB Research is keeping its “neutral” rating on CapitaLand Mall Trust with a marginally higher target price of $2.08, from $2.07 previously.

This comes despite CMT managing to hold its ground in 2Q amid challenging macro-economic conditions that have laid siege to the retail environment.

CMT’s recorded flattish rental reversion as well as slight increases in its shopper traffic and tenant sales in the quarter, compared to declines across the board in 1Q.

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