SINGAPORE (Nov 20): Deutsche Bank is confident that CapitaLand is able to achieve its return on equity (ROE) target of 8%-12%.

It says ROE growth will be driven by the sustained sales momentum in China, portfolio rationalisation, asset recycling and a focus on growing its fund management platform.

“CapitaLand remains one of our top sector picks,” Deutsche analysts Joy Wang and Chien-Fie Man write in a note on Nov 18.

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