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3Q earnings keep CapitaLand’s outlook rooted in positivity

Michelle Zhu
Michelle Zhu11/10/2016 01:04 PM GMT+08  • 2 min read
3Q earnings keep CapitaLand’s outlook rooted in positivity
SINGAPORE (Nov 10): UOB Kay Hian is keeping CapitaLand at “buy” with a target price of $4.05, after the property group on Wednesday announced a 28% increase in 3Q earnings to $247.5 million on better operating performance, boosted by contributions fro
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SINGAPORE (Nov 10): UOB Kay Hian is keeping CapitaLand at “buy” with a target price of $4.05, after the property group on Wednesday announced a 28% increase in 3Q earnings to $247.5 million on better operating performance, boosted by contributions from residential projects in Singapore and China.

(See also: CapitaLand posts 28% rise in 3Q earnings to $247.5 mil on better operating performance)

In a Thursday report, analysts Vikrant Pandey and Derek Chang share that the group’s results were in line with UOB’s expectations.

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