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Why CapitaLand is set to enjoy a boost in recurring income

Michelle Zhu
Michelle Zhu8/4/2017 11:37 AM GMT+08  • 2 min read
Why CapitaLand is set to enjoy a boost in recurring income
SINGAPORE (Aug 4): RHB is remaining “neutral” on CapitaLand with a target price of $3.90, after the real estate group’s 2Q17 results came in line with the research house’s estimates.
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SINGAPORE (Aug 4): RHB is remaining “neutral” on CapitaLand with a target price of $3.90, after the real estate group’s 2Q17 results came in line with the research house’s estimates.

In a Friday report, analyst Vijay Natarajan says the group’s recurring income is set for a boost, with the planned opening of eight malls in 2017 as well as expansions via management contracts.

Three Raffles City Malls in China began operating recently with near-full occupancy rates, he adds, while CapitaMall Westage in Wuhan also opened in April with a committed occupancy rate of 93%, all of which Natarajan sys would lift recurring income from the group’s China segment.

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