KUALA LUMPUR: CIMB Equities Research is retaining its “hold” call and target price of RM1.51 for CapitaLand Malaysia Mall Trust (CMMT) due to the lack of near-term catalysts.
CMMT is focusing its efforts on arresting the rental reversion decline for Sungai Wang Plaza in the Golden Triangle and aims to identify additional asset enhancement initiatives to improve its malls.
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