Singapore Stock Market News

CapitaLand - Recent Cooling Measures - Minimal Impact

StockFanatic
Publish date: Mon, 23 Jul 2018, 12:37 PM
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Maintain BUY with new SGD3.95 TP from SGD4.25, 24% upside. Among big-cap developers, CapitaLand has the least exposure to Singapore's residential segment and is likely to see minimal impact from latest cooling measures. We expect sales from China projects to remain steady in 2H18. It also has CNY15.1bn in unbilled revenue from residential projects, which should boost earnings. It should benefit from continued build-up in recurring income base - eight malls opened last year - and higher fee income. Read More
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