CMT – Daiwa

Not quite a safe haven

Rating downgraded to 4 from 3

FrasersCT – Daiwa

Suburban malls shine

Proven defensiveness

StarHill – Daiwa

A defensive Orchard Road play

Rating downgraded to 2 from 1

Suntec – Daiwa

Successful refinancing without equity

Rating downgraded to 2 from 1

KREIT – Daiwa

All eyes on vacancies

Rating downgraded to 2 from 1