SINGAPORE (Nov 19): Maybank Kim Eng is keeping CapitaLand at ‘buy’ with $3.88 target price as its expects a a record year of sales with 8,000 homes at RMB14 billion ($4.8 billion) value.

In a Thursday report, Maybank Kim Eng visited six CapitaLand projects in Shanghai, Hangzhou and Suzhou recently.

“These projects demonstrate the company’s ability to develop projects across a range of sub-asset classes,” says analyst Derrick Heng. “We remain positive post-visit and maintain our BUY rating and SGD3.88 TP on the stock.”

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