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ECM keeps 'buy' call on CapitaMalls
by hlk Wed 13 Jul 2011, 19:25
ECM Libra Capital Sdn Bhd has maintained a 'buy' call on CapitaMalls Malaysia Trust with unchanged target price of RM1.50.
In a research note today, ECM Libra said CapitaMalls'' six-month financial year 2011 distributable income of RM55.8 million was within expectations.
"It achieved 47 per cent and 49 per cent of house and consensul full-year estimates respectively," it said.
It said a distribution per unit of 2.16 sen was declared for the period from March 25 to June 30, 2011, bringing year-to-date total to 3.90 sen.
ECM Libra said the management was on track to achieve the financial year 2011''s forecast of 7.46 sen. -- Bernama
In a research note today, ECM Libra said CapitaMalls'' six-month financial year 2011 distributable income of RM55.8 million was within expectations.
"It achieved 47 per cent and 49 per cent of house and consensul full-year estimates respectively," it said.
It said a distribution per unit of 2.16 sen was declared for the period from March 25 to June 30, 2011, bringing year-to-date total to 3.90 sen.
ECM Libra said the management was on track to achieve the financial year 2011''s forecast of 7.46 sen. -- Bernama
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