Here’s the headline today
“CMT 2Q 2017 net property income up 1.2% year-on-year Achieves higher distribution per unit despite closure of Funan for redevelopment”
DPU within expectation. The threat of online shopping on CMT has been mute which has many strategic asset locations to benefit from. Before the result announced, share price has climbed up to $2.00. And Investor will have another quarterly distribution. At current price, is about 5.5% stable yield which is way better than fixed deposits and ofcourse with different risk level. But frankly, if we cannot except CMT risk, there is not many stocks we can invest in.
The MOS and Catalyst will be Funan. And again management statement on continuing to focus on sustaining DPU is the right one that I agree with because there is good chance it can go lower in 2018/2019 considering the macro environment on malls …