SINGAPORE (Nov 24): DBS is maintaining its “buy” rating on the stock and a price target of $3.73 as it expects the “execution and positioning” of CapitaLand's various projects in Eastern China to remain on track.

The projects will also be key drivers to a higher return on equity for the developer on completion of the projects from 2017 onwards.

DBS comments follow a recent visit by its analysts to CapitaLand’s key projects in Shanghai, Hangzhou and Suzhou, which have a combined development cost of around 25 billion yuan ($5.5 billion).

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