CapitaLand target raised to $4, kept at "buy" by KGI Fraser

Stock Name: CapitaLand
Company Name: CAPITALAND LIMITED

Research House: KGI Fraser

Price Call: BUY

Target Price: 4.00

SINGAPORE (Feb 18): KGI Fraser Securities has raised its price target for CapitaLand from $3.80 to $4, still pegged at a 25% discount to its realisable net asset value, and kept its "buy" call.

"With the residential markets in China and Vietnam looking more positive in 2015, as well as three new malls opening in China, we believe CapitaLand is well-positioned to mitigate headwinds in Singapore," KGI analyst Wilson Liew said in a report.