CapitaLand (C31.SG) +1.5% at $3.96 on strong volume, likely to close higher for third straight day, as investors continue to plow into stock on hopes developer will deliver strong 2Q10 results Aug 4, according to Dow Jones.

“2Q should shape up nicely, (with) residual businesses setting the pace,” says Goldman Sachs, which has Buy call with $4.95 target. Notes CapitaLand’s home sales in China doing well despite weak property-market sentiment, “any concrete signal on its ‘affordable’ homes strategy in China could be the bold move the market needs.”

Barring any stock market surprises, shares expected to clear $4.00 in coming sessions, level last breached in April.