SINGAPORE (Aug 5): Most market watchers are staying positive on CapitaLand’s future growth after the release of its 1H results.

DBS Group Research, CIMB Research and UBS Global Research have maintained their “buy” rating for CapitaLand with a target price of $3.60, $4.17 and $4.10. But RHB Research has maintained its “neutral” rating for the stock with a target price of $3.15, noting the real-estate headwinds in Singapore and China and the lack of near-term catalysts.

To recap, CapitaLand’s operating earnings rose 22% to $294 million for 1H16, which were in line with UBS analyst Michael Lim’s forecasts, achieving 49% of his full-year estimates. Lim also noted that the group’s 2Q16 operating earnings had risen 32% due to higher sales in China and new contribution from CapitaGreen.

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