SINGAPORE (Nov 4): Maybank Kim Eng is keeping its “buy” call on CapitaLand following the property giant’s 3Q earnings but has trimmed its target price on the stock to $3.88 from $3.95.

CapitaLand posted a 48% y-o-y growth in earnings to $193 million which is in line with expectations.

China led the strong growth in sales, with 2,422 residential units worth RMB3.8 billion ($837.6 million) sold. In comparison, just 1,057 units were sold for a total of RMB1.6 billion a year ago.

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