Singapore Stock Market News
CapitaLand - Strong China Performance
StockFanatic
Publish date: Thu, 05 Nov 2015, 02:44 PM
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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.
■ 3Q15 net income in line, with 9M15 at 80% of FY15F. Weak Singapore sales were offset by strong China showing. Malls & serviced residences also improved.
■ Ceased negotiations to buy Asia Square Tower 1. Positive as market was wary of CAPL increasing office exposure amid oversupply.
■ Maintain BUY with TP lowered to SGD3.88 from SGD3.95 after updating RNAV, still based on 15% discount to RNAV.
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