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CapitaLand - Quid Pro Quo (BUY, TP SGD4.06)

kiasutrader
Publish date: Fri, 13 Jul 2012, 09:26 AM
Mutually beneficial deals. CapitaLand and Ascott Residence Trust (ART) are proposing an asset swap involving The Ascott Limited's (TAL) Ascott Raffles Place (ARP) and Ascott Guangzhou (AGZ), and ART's Somerset Grand Cairnhill (SGC). We see this as a prime example of the symbiotic relationships between Sponsor and REIT, with positive outcomes for both sides. Maintain BUY.


Source: Maybank Kim Eng
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