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Capitamall Trust: Expect a better second half

FY11 DPU was 3% below our estimates, after a $5.1m income retention Completion of JCUbe and positive rental reversion to offset lower occupancies AEI works at Clarke Quay to yield 13% ROI Maintain BUY at a lower TP of S$2.05 Full year DPU is 97% of our forecast. 4Q11 gross revenue rose by 4.3% y-o-y ...

 

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