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CapitaLand a stalwart of stability from recurring income

PC Lee
PC Lee5/3/2018 03:58 PM GMT+08  • 3 min read
CapitaLand a stalwart of stability from recurring income
SINGAPORE (May 3): Phillip Securities and DBS Group Research are maintaining CapitaLand at “buy” with target prices of $4.19 and $4.35 respectively.
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SINGAPORE (May 3): Phillip Securities and DBS Group Research are maintaining CapitaLand at “buy” with target prices of $4.19 and $4.35 respectively.

Phillip analyst Tan Dehong says CapitaLand’s earnings outlook remain stable given more than 80% of its assets are investment properties in Singapore and China contributing to recurring income.

Over the next nine months, Tan says residential sales worth RMB10.6 billion ($2.22 billion) in China and $343 million in Vietnam are expected to be completed and handed over in the next 9 months, which will provide further support to earnings in FY18.

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