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KLSE: CMMT       CAPITALAND MALAYSIA MALL TRUST
Last Price Avg Target Price   Upside/Downside Price Call
1.13 1.14     +0.01 (0.88%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
24/04/2019 1.11 1.05 -0.06 (5.41%) HOLD MIDF Price Target News
24/04/2019 1.12 1.25 +0.13 (11.61%) BUY KENANGA Price Target News
24/04/2019 1.11 1.15 +0.04 (3.60%) HOLD HLG Price Target News
30/01/2019 1.07 1.08 +0.01 (0.93%) HOLD MIDF Price Target News
30/01/2019 1.07 1.15 +0.08 (7.48%) BUY KENANGA Price Target News
30/01/2019 1.07 1.15 +0.08 (7.48%) HOLD HLG Price Target News
03/01/2019 1.01 1.15 +0.14 (13.86%) BUY KENANGA Price Target News


Price Target Research Article/News (past 6 months)
24/04/2019  MIDF CapitaLand Malaysia Mall Trust - Still a Work in Progress
24/04/2019  KENANGA CapitaLand M’sia Mall Trust - 1Q19 Within Expectations
24/04/2019  HLG Capitaland Malaysia Mall Trust - Penang and Pahang Assets Constant Saviours
30/01/2019  MIDF CapitaLand Malaysia Mall Trust - Active Measures to Attract Crowd
30/01/2019  KENANGA CapitaLand M’sia Mall Trust - FY18 Within Expectations
30/01/2019  HLG Capitaland Malaysia Mall Trust - Assets Outside Klang Valley Shines
03/01/2019  KENANGA CapitaLand M’sia Mall Trust - a Viable Trading Pick



  4 people like this.
 
signalmw big gap at tp1. I q for few days cAnnot get
24/12/2018 7:12 PM
signalmw all reit very low price. exclude sunreit pavireit igbreit
24/12/2018 7:14 PM
ooi19 this reit how performance
28/12/2018 11:06 AM
enigmatic Dwindling rental, lower dividend/distribution. I'd rather stick to PAVREIT or IGBREIT.
28/12/2018 11:14 AM
ooi19 The pav ign and sunreits price are high for now ..
28/12/2018 1:09 PM
enigmatic True that prices are high. I just prefer a safer route, i.e. guaranteed rental rather than REITs undergoing transformation like CMMT.

Of course, the lower the price paid, the better the chances of capital appreciation and reduced risks of loss.

Just my personal preference that I'd choose certainty over uncertainty.
28/12/2018 1:14 PM
Jason Ng Js No Date of change
No of securities
Type of Transaction Nature of Interest
1 12 Dec 2018
1,300,000
Acquired Indirect Interest
Name of registered holder KUMPULAN WANG PERSARAAN (DIPERBADANKAN)
28/12/2018 10:23 PM
ikah2000 it wakeup cmmt... i buy at 100 unit at @rm1
31/12/2018 11:06 AM
signalmw I want 2 weeks ago RM1 until now cannot get...… now flying p yyyyyyyyyyyyyyyyyyyyyyyyyyyy
31/12/2018 11:08 AM
PureBear Likely Windows dressing like end of last year - jumped from 1.42 to 1.83. :D
31/12/2018 1:52 PM
SALAM Hi guys, is bursa half day trading today (new year eve) ?
31/12/2018 2:05 PM
Shinnzaii Bursa no new year eve...LOL...today full day
31/12/2018 2:11 PM
BN_better No window dressing like last year.
31/12/2018 4:53 PM
PureBear Failed windows dressing!
31/12/2018 4:53 PM
apolloang PH dunno the word window dressing ar?
31/12/2018 4:54 PM
alexsee ppl thought last year magic will happen again, so bought at 1.07.. who's know close at 1.01. so are they going to cut loss at 1.01 ?? eh, market is hard to predict :)
31/12/2018 4:58 PM
cynider Wtf end up drop, close and run
31/12/2018 4:58 PM
Kalaihselvan Krishnan No repeat of 2017. Made good profit on last day.
31/12/2018 9:49 PM
Timothy Kuek just wanna ask how do the dividend pay to us? Do I have to register anything to get the dividend or I might receive the dividend voucher?
09/01/2019 2:38 PM
Gratefulness Dividend will pay out directly into your account and you will receive the dividend voucher later.
09/01/2019 5:25 PM
babyqueen Creeping up everyday
24/01/2019 6:29 PM
engzks Tomorrow, and tomorrow, and tomorrow,
Creeps in this petty pace from day to day
25/01/2019 5:36 PM
Timothy Kuek will cmmt today announce the dividend?
29/01/2019 2:38 PM
ikah2000 reported net profit 35% lower than last year, but wondering it not drop, instead it show green
30/01/2019 10:03 AM
Huat Leow Prob due to:
(1) Dividend yield is very high, >7%. With interest rate unlikely to go up, this is very attractive.
(2) Shares price is low, risk of capital depreciation is low.
(3) Potential earnig improvement from new 'Jumpa' site in Sungai Wang.
(4) EPF kept buying.
30/01/2019 11:23 AM
calvintanneng Post removed. Why?
30/01/2019 11:24 AM
FaatihBinKanaan will definitely check it out
30/01/2019 11:28 AM
Huat Leow It also proposed Unit Buy-Back. Which is the first time if I'm not wrong. With price lower than NAV (net asset value) this will increase the NAV per share.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/6053321
30/01/2019 11:34 AM
signalmw (吉隆坡29日讯)凯德商托(CMMT,5180,主板产业投资信托组)由于巴生河流域的商场收入减少,截至2018年12月31日止第四季净利下跌35.45%至3462万6000令吉,拖累全年净利降低16.33%至1亿3562万8000令吉。
30/01/2019 2:49 PM
firehawk with this type of result ... don hope too much in price appreciation .....
31/01/2019 10:27 AM
Huat Leow This stock is suitable for long term investors looking for good dividend yield. Not suitable for speculator seeking short term capital gain.
31/01/2019 12:52 PM
signalmw now still expensive. all in when back to 1.01 to 1.03
31/01/2019 1:46 PM
tokohM CMMT breakout from 1.12
12/02/2019 12:01 PM
ikah2000 curently i hold 15000 units , how much the div i received it?
14/02/2019 11:46 AM
Huat Leow Div is 3.14c 10% tax + 0.74c TE:
Net is 3.566c per share.

x 15000 is 534.90
15/02/2019 3:38 PM
Huat Leow You cannot claim back the 10% tax.
15/02/2019 3:40 PM
ooi19 How was this counter ? Can in?
17/02/2019 7:01 PM
Huat Leow Malaysian REITs: Key financials based on various segments
https://www.thestar.com.my/business/business-news/2019/02/23/malaysian-reits-key-financials-based-on-various-segments/
23/02/2019 12:49 PM
commonsense Investing in a REIT is actually not a bad idea. That being said, even Reits has to follow the normal investment valuation process. One should not just look at the dividend yield to make a decision on whether to invest in a certain reit or not. Dividend are still dependent on the earnings of the company. So, in the end you still need to look at the company’s fundamentals.

In the case of CMMT, the 12 months dividend paid is 7.9 sens which at the current price gives a dividend yield of 7.1%. However, investors should take note that the total earnings made by this company in the past 12 months was only RM135.6mil or an EPS of 6.63 sens. This would mean that the company is actually paying a dividend that is more than what it earns in the past 12 months. This is not sustainable as the company would either have to use its existing cash balance or it has to raised debt to pay the higher dividend. This will only reduce the future profit either because it has to pay extra interest payment (due to higher debt amount) or it will miss out on potential earnings from the disposed assets (if the asset was cash then it would miss out on potential interest income). Please take note that the net debt has increased from RN1.15bil in FY17 to RN1.22bil in FY18 ending Dec.

FY18 profit of RM135.6mil represent a fall in profit of around 12.4% vs FY17. In general, given the soft commercial mall segment (due to oversupply of malls) it is expected that future rental in this segment will trend lower. Investors need to be prepared for a potential decrease of dividend payment in the future.

In addition, at the current share price, CMMT is trading at a PE multiple of 16.8x which is high considering that the future profit is expected to record negative (or at best flat) growth.

If you are looking to hedge your portfolio outside of CMMT (due to its negative growth outlook and relatively high valuation), I would recommend you to look at MBMR. (https://klse.i3investor.com/servlets/stk/pt/5983.jsp)

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.3x PE based on FY18 profit of RM166mil. PB is low at only 0.7x BV.

FY19 should deliver another profit growth year to the company. Profit growth will again be driven by the performance of Perodua (via MBMR 22.6% holdings in Perodua) from the still strong sales of new Myvi, sales of SUV Aruz and the introduction of the newly revamp Alza sometime in the 2H19. Aruz which commands a higher margin compared to other models, will help improve the total profit margin of Perodua (which will flow to MBMR’s bottom line as well).

MBMR is expected to achieve a profit of RM200mil in 2019. At the current share price, the company is being valued at only 5.1x which is a lot lower than the industry average of 15x PE. As an example, UMW (another company with exposure to Perodua) is currently trading at a PE multiple of almost 20x.

Good luck.
13/03/2019 2:58 PM
Investeye With the dividend yield about 6%, expected the BLR will be lower by coming quarter and the Sg Wang Mall will start to make contribution by end of this year. Take opportunity to start to accumulate few lots for mid term.
10/04/2019 4:43 PM
ks55 CMMT is dying.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6135057



Posted by ks55 > Dec 22, 2014 09:11 AM | Report Abuse

Yes, I like retail REITs. But to invest in CMMT must have second thought.
Just go to Sungai Wang, what do you see?
Go to IOI City Mall in Putrajaya. What can you conclude?
Hektar is most resilient and consistently pay out at least 10.4sen DPU. This work out to have DY 7.2% based on 1.45 share price.

As for office REITs, try to avoid QCT as PS acquisation is not at arms length. If waiver for PAC not granted, or PS acquisation aborted, then QCT is a good buy.
Try to avoid any other office REITs because it will be getting harder and harder to find tenant.

Industrial REITs, best buy is still Atrium. No doubt Atrium Puchung is vacant right now, with able property manager, it will not be difficult to find tenant. Moreover,
DPU for Jan 2015 will remain at 2.2sen (net profit from disposal of Rawang factory). This give DY 7.7% based on 1.17 share price.

For multi-dimension REITs, best choice is ARReit. Silverbird factory fiasco should be over in Jan 2015 with court proceeding (unless High5 play dirty trick again). Wisma Amanahraya in Jalan Semantan (Now rename Wisma ELM) is now lease to SEGI College University. In no time DPU will go back to 8 sen per unit.

Caution! Be caution!! Be most caution !!!!
Don't trust MRCB will inject properties for new lease of life to QCT at arms length.
Properties injected will be very much inflated. I don't trust QCM as someone has vested interest in these type of transactions.


Posted by ks55 > Feb 21, 2018 11:26 PM | Report Abuse X

Tropicana Mall was a bad buy.
Sg Wang yet to recover even though MRT already completed.

TP should be at 1.00
23/04/2019 7:55 PM
SHQuah https://klse.i3investor.com/servlets/ptres/50072.jsp

Source : KENANGA
Stock : CMMT Price Target : 1.25
| Price Call : BUY
Upside/Downside : +0.13 (11.61%)
24/04/2019 9:14 AM
SHQuah ks55......Which is the good REIT stock to invest with good dividend ? Please share. Thanks
25/04/2019 10:05 AM
SHQuah https://www.theedgemarkets.com/article/gurney-plaza-ecm-help-mitigate-cmmts-lower-earnings

Maintain hold with an unchanged target price (TP) of RM1.15

Jumpa began its AEI (asset enhancement initiative) works since 2Q18 and it is expected to be completed by end of the first half of 2019. It is scheduled for a soft opening in 3Q19. To date, Jumpa has advanced leasing negotiations that exceeds 50%.
25/04/2019 1:50 PM
Schun Do you think Jumpa will affect the revenue a lot?
26/04/2019 12:29 AM
ikah2000 @shhuah… GKENT , MRCB ,G3 all u earn alot... still need invest REIT ....
26/04/2019 8:15 PM
SHQuah Putting 15% in REIT, 85% on high risk high gain stocks.
27/04/2019 9:05 AM
L2earn good eh!
08/05/2019 12:26 AM
Kalaihselvan Krishnan CEO should be sacked. YOY no changes at all. Full of excuses. You are not paid to give excuses
10/05/2019 7:24 PM
fh110711 gurney plaza finally removing the touch n go parking surcharge...
21/05/2019 5:58 PM


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