CapitaMalls Asia/CapitaMall Trust/CapitaLand: Will be building a retail-cum-office development at Jurong East, at an estimated cost of $1.5b…..
DMG maintains Neutral on CMT, with TP $2.02 and expect incremental DPU of 0.5-0.6¢ beginning FY14, while Morgan Stanley maintain U/w on CMT, as Jurong site fully valued despite positive for DPU growth and reducing cash drag on the balance sheet. Do not expect a large revaluation on completion of the asset…..
Credit Suisse maintain O/p on CMT, with TP $2.22, while Deutsche estimates minimal accretion (1-2c/shr) for CAPL, CMA and CT and continue to see successful execution as a key stock price driver. Maintain Buy on CapitaLand and CMA (TP $2.24) and Hold on CMT.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment