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Home / Capital / Brokers Calls

Analysts mixed on CapitaLand after worst ever full-year loss

Broker's Calls

Analysts mixed on CapitaLand after worst ever full-year loss

Jeffrey Tan Published on Mon, Mar 01, 2021 / 2:53 PM GMT+8

Analysts have remained divided on CapitaLand following the property developer’s worst ever full-year results for FY2020 ended Dec 31.

The company reported its largest ever net loss, no thanks to a write down of some $2.5 billion in value of its investment properties, projects, and equity investments impacted by the Covid-19 pandemic.

UOB KayHian (UOB KH) has retained its “hold” rating for the stock albeit with a higher target price of $3.10 from $2.80 previously.