Bursa Alert
Global Market
NewsCIMB Research ups CMMT target price to RM1.99
Page 1 of 1
CIMB Research ups CMMT target price to RM1.99
by JF Wed 23 Jan 2013, 12:00
KUALA LUMPUR: CIMB Equities Research has raised the target price of CapitaMalls Malaysia Trust (CMMT) from RM1.91 to RM1.99.
It said on Wednesday CMMT's full-year FY12 core net profit of RM137m was broadly in line with its and consensus expectations (98% of forecast).
CMMT's portfolio size grew to RM2.9bil after it recorded revaluations gains this quarter.
“We retain Outperform, but raise estimates slightly after updating the balance sheet items. This raises our DDM-based target price. The potential of more than 23% increase in East Coast Mall's NLA (net lettable area) is a re-rating catalyst.
“FY13's 4.7% dividend yield should support CMMT's share price in a volatile market,” said CIMB Research.
It said on Wednesday CMMT's full-year FY12 core net profit of RM137m was broadly in line with its and consensus expectations (98% of forecast).
CMMT's portfolio size grew to RM2.9bil after it recorded revaluations gains this quarter.
“We retain Outperform, but raise estimates slightly after updating the balance sheet items. This raises our DDM-based target price. The potential of more than 23% increase in East Coast Mall's NLA (net lettable area) is a re-rating catalyst.
“FY13's 4.7% dividend yield should support CMMT's share price in a volatile market,” said CIMB Research.
JF- Senior Member
- Posts : 2785 Credits : 3269 Reputation : 163
Join date : 2011-10-07
Job/Hobbies : $$
$$
Similar topics» CIMB Research ups E&O target price to RM2.48
» CIMB Research maintains UMW target price of RM8
» GHL rises 2% after CIMB Research ups target price
» CIMB Research cuts MPI target price to RM4.21
» UMW Oil & Gas climbs as CIMB Research ups target price
» CIMB Research maintains UMW target price of RM8
» GHL rises 2% after CIMB Research ups target price
» CIMB Research cuts MPI target price to RM4.21
» UMW Oil & Gas climbs as CIMB Research ups target price
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum|
|
|