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Analysts see myriad opportunities in CapitaLand's US portfolio acquisition

Michelle Zhu
Michelle Zhu9/19/2018 01:28 PM GMT+08  • 2 min read
Analysts see myriad opportunities in CapitaLand's US portfolio acquisition
SINGAPORE (Sept 19): CGS-CIMB Securities and DBS Vickers Securities are maintaining their “add” and “buy” calls on CapitaLand with the respective target prices of $3.55 and $3.62.
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SINGAPORE (Sept 19): CGS-CIMB Securities and DBS Vickers Securities are maintaining their “add” and “buy” calls on CapitaLand with the respective target prices of $3.55 and $3.62.

This follows news of the group’s foray into the US multifamily property segment with its recent billion-dollar acquisition, which both research houses are positive on.

In a Wednesday report, CGS-CIMB analyst Lock Mun Yee says she views CapitaLand’s acquisition as an opportunity to “venture into deep, scalable market” through the expansion of its lodging property business – while also enabling it to build a new business platform in the US, with the option to spin off into investment vehicles and partnerships in the future.

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