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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