PhillipCapital analyst Natalie Ong has maintained her “buy” call on CapitaLand with an unchanged target price of $4.38 on CapitaLand after the group announced that it would hold an extraordinary annual meeting (EGM) on the restructuring on Aug 10.

The sum-of-the-parts (SOTP) target price is based on the 80% probability-weighted revised net asset value (RNAV) that the demerger will be approved.

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