While most analysts have turned sanguine on CapitaLand Mall Trust (CMT), RHB Securities is less optimistic.

The brokerage says shopper traffic remains “far from normal”, though it has picked up as Singapore reopens its economy under Phase 2.

It also points out that there are “clear signs” of pressure on mall occupancy and rents.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook