CMA

CMA: is up 2.6% at $1.81, sharply outperforming the STI's 0.2% decline. Mkt watchers note there is nothing specific from the company; see some spillover effect from the fairly steady earnings from CMT, as CMA gets about 20% of its earnings from the Singapore malls. CMT reported 3Q12 DPU coming in flat on-year at 2.42 cts, with net property income up 4.3% at $112.1m. Possibly providing an additional fillip, Hong Kong-listed property plays are rallying, amid indications of fund flows into the city. Near term resistance at Friday's $1.82 intraday high, also its 52-week high. CMA's April 2011 peak at $1.92 may offer the next near-term cap.