CapitaLand Mall Trust - RHB Invest 2015-12-10: Redevelopment of Funan DigitaLife Mall

CapitaLand Mall Trust - RHB Invest 2015-12-10: Redevelopment of Funan DigitaLife Mall CAPITALAND MALL TRUST C38U.SI 

CapitaLand Mall Trust - Redevelopment of Funan DigitaLife Mall

  • CapitaLand Mall Trust (CT SP) announced that Funan DigitaLife Mall will be redeveloped into an integrated development. 
  • At current, the mall utilised 3.86 of its gross plot ratio of 7.0. The redevelopment initiative will add 388k sq ft. 
  • Funan DigitaLife Mall will be closed for redevelopment in 3Q16, and will take about 3 years for it to be completed. 
  • As the IT mall constitute about 4% of the overall FY15RNAV and revenue, we think that it will not “move the needle”. 
  • We maintain BUY at TP of SGD2.29.


Ivan Looi RHB Invest | Ong Kian Lin RHB Invest | http://www.rhbinvest.com.sg/ 2015-12-10
RHB Invest SGX Stock Analyst Report BUY Maintain BUY 2.29 Same 2.29


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