TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
The latest update is out from CapitaLand Mall ( (SG:C38U) ).
CapitaLand Integrated Commercial Trust, a significant player in the real estate investment trust sector in Singapore, announced the allocation of proceeds from a recent private placement. The company has used S$3.2 million for financing the acquisition of a 55% interest in Glory Office Trust, S$0.6 million for asset enhancement initiatives, and S$7.5 million for transaction-related expenses. Additionally, S$0.6 million initially allocated for acquisition and transaction expenses has been redirected towards asset enhancement, indicating a strategic focus on improving asset value.
The most recent analyst rating on (SG:C38U) stock is a Buy with a S$2.50 price target. To see the full list of analyst forecasts on CapitaLand Mall stock, see the SG:C38U Stock Forecast page.
More about CapitaLand Mall
Average Trading Volume: 23,764,874
Technical Sentiment Signal: Buy
Current Market Cap: S$17.58B
For detailed information about C38U stock, go to TipRanks’ Stock Analysis page.