Singapore Stock Market News

CapitaLand - Post-results investors meeting

StockFanatic
Publish date: Tue, 30 Apr 2013, 01:49 PM
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We hosted a post-results meeting for investors with the management of CapitaLand. The key issue discussed was how it plans to improve ROE through simplifying the business, deploying capital strategically and having an optimal mix of operating and development assets.

Overall, we believe investors came away from the meeting feeling slightly more positive on the outlook: execution will now be key. We maintain our target price, still based on a 15% discount to RNAV. Catalysts include an earnings recovery in FY13 and corporate restructuring initiatives. Outperform maintained.
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