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
2.29
Same
2.29
