Singapore Stock Market News

CapitaLand - Restructuring back on?

StockFanatic
Publish date: Thu, 21 Nov 2013, 04:29 PM
StockFanatic
0 10,452
Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.
We think the partial sale of ALZ could mark the resumption, albeit a gradual one, of CapLand's restructuring plans. ROE is unlikely to improve immediately but reallocating capital to its core markets is a good start, in our view.

We lower our FY13-15 core EPS by 2-8% to account for lower ALZ earnings but our target price (still based on a 20% discount to RNAV) rises due to higher ALZ equity value. Maintain Outperform with catalysts to come from more capital recycling and operational improvements.
Read more »
Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment