UOB Kay Hian’s Adrian Loh and Loke Peihao have maintained their “hold” calls on Capitaland with a lowered target price of $2.80, lower than their previous price of $3. 

They cite Capitaland’s recently released 3Q2020 business update as ‘reasonably strong”, but said the horizon “remains cloudy”. 

See: CapitaLand says it sees 'encouraging signs of recovery' in 3Q business update

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