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Analysts positive on CapitaLand's divestment of China malls

Stanislaus Jude Chan
Stanislaus Jude Chan1/8/2018 12:18 PM GMT+08  • 2 min read
Analysts positive on CapitaLand's divestment of China malls
SINGAPORE (Jan 8): RHB Research is upgrading CapitaLand to “buy” with a higher target price of $4.20, from “neutral” with a target price of $3.90 previously, after the real estate giant announced it is divesting its share of interest in 20 malls i
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SINGAPORE (Jan 8): RHB Research is upgrading CapitaLand to “buy” with a higher target price of $4.20, from “neutral” with a target price of $3.90 previously, after the real estate giant announced it is divesting its share of interest in 20 malls in China.

Part of CapitaLand’s move to reconstitute its retail asset portfolio in China, it comes hot on the heels of its recent divestment of its stake in six retail malls in India.


See: CapitaLand divests stakes in companies holding 20 retail assets for $75 mil gain

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