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Analysts favour super-sized CapitaLand as 3Q operating PATMI jumps 18.8%

Stanislaus Jude Chan
Stanislaus Jude Chan11/6/2019 04:36 PM GMT+08  • 3 min read
Analysts favour super-sized CapitaLand as 3Q operating PATMI jumps 18.8%
SINGAPORE (Nov 6): Analysts are keeping their “buy” calls on property giant CapitaLand, on the back of bullish sentiments following its recent merger with Ascendas-Singbridge (ASB) and robust capital recycling efforts.
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SINGAPORE (Nov 6): Analysts are keeping their “buy” calls on property giant CapitaLand, on the back of bullish sentiments following its recent merger with Ascendas-Singbridge (ASB) and robust capital recycling efforts.

“CapitaLand’s competitive advantage is its significant asset base and extensive market network, which has been further boosted following the completion of the Ascendas-Singbridge merger,” says OCBC Investment Research in a Nov 6 report.

The brokerage is maintaining its “buy” recommendation, and raising its fair value estimate by 9.4% to $4.42.

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