Stock Name: CapitaLand
Company Name: CAPITALAND LIMITED
Company Name: CAPITALAND LIMITED
| Research House: CIMB | Price Call: BUY | Target Price: 4.04 |
SINGAPORE (Feb 18): CIMB Research has maintained its "add" call on CapitaLand with a slightly higher target price of $4.04, pegged to a 20% discount to its revalued net asset value of $5.05.
"The execution of forward growth strategies, including increasing and extending activities in core and new markets as well as expanding its serviced residences network and fund management activities, could enable the group to move closer towards its medium-term return on equity (ROE) target of 8-12%," said CIMB analysts Lock Mun Yee and Tan Xuan in a Feb 17 note.
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