Before CapitaLand Investments’ (CLI) listing on the Singapore Exchange on Sept 20, UOB Kay Hian analyst Adrian Loh has estimated a target price of $3.64 for the group.

See: CapitaLand Investment makes debut on SGX; appoints CEOs to grow PE fund business

The target price was based on a sum-of-the-parts (SOTP) valuation, Loh writes in a Sept 17 report.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook