Singapore Stock Market News

CapitaMalls Asia - Staying the Course

StockFanatic
Publish date: Fri, 06 Sep 2013, 12:18 PM
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New malls will underpin earnings growth. CMA's share price may have corrected by 11% since Bernanke's Congressional Testimony on 22 May, but we see this as an excellent buying opportunity for the stock. In the near-term, the opening of new malls will continue to be a key earnings driver, supported by positive rental reversions.

Reiterate BUY, with a TP of SGD2.51, suggesting an attractive upside of ~40%.
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