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Analysts look forward to CapitaLand's new entity with target prices from $4.04

Felicia Tan
Felicia Tan8/17/2021 02:14 PM GMT+08  • 2 min read
Analysts look forward to CapitaLand's new entity with target prices from $4.04
The court hearing to approve the application and sanction the scheme is expected to take place on Aug 30.
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As CapitaLand reported its results for the 1HFY2021 ended June, analysts from CGS-CIMB Research and OCBC Investment Research have maintained their “add” and “hold” calls respectively.

The property group’s earnings of $922.2 million stood broadly within expectations of both brokerages.

CGS-CIMB analyst Lock Mun Yee has kept her target price unchanged at $4.04. She has also maintained her current earnings estimates pending the formation of the new entity, CapitaLand Investment.

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