Home Capital Broker's Calls

New China developments to boost CapitaLand’s earnings this year, and beyond

Michelle Zhu
Michelle Zhu7/5/2017 6:11 PM GMT+08  • 2 min read
New China developments to boost CapitaLand’s earnings this year, and beyond
SINGAPORE (July 5): Maybank Kim Eng Research is maintaining its “hold” call on property developer CapitaLand at an unchanged target price of $3.75, while noting that valuations appear fair following its strong rally in the year to date.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (July 5): Maybank Kim Eng Research is maintaining its “hold” call on property developer CapitaLand at an unchanged target price of $3.75, while noting that valuations appear fair following its strong rally in the year to date.

This follows the research team’s recent visit to three newly-completed integrated developments, two shopping malls, and one office building owned by CapitaLand, which are worth a combined RMB24.6 billion ($4.9 billion) and located in the Chinese cities of Wuhan, Shenzhen, Hangzhou and Shanghai.

In a Wednesday report, analyst Derrick Heng expounds on his observations of “clever designs” for retail components of the integrated developments, with connectivity designed to enhance traffic flow from other components.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now