Towards Financial Freedom
Singapore Property Marketing in the UK
Response was largely positive. We met up with clients in the UK while marketing the Singapore property sector. Clients were positive on our top picks, which are CapitaMalls Asia (CMA SP) and Wing Tai Holdings (WINGT SP). In addition, many shared our view that the outlook for the Singapore office sector remains challenging on the back of anaemic demand and difficult economic conditions. CMA piques interest. CMA is our top big-cap pick, due to its retail property focus and expected growth in its China operations. Clients were generally very receptive of this idea, although some were slightly concerned about a potential oversupply of retail space in China. In response, we believe that CMA's strong track record and extensive tenant network sets it apart from its competitors. In addition, as most of its malls cater predominantly to necessity shopping, we expect the Chinese business to be as defensive as its Singapore one. We have a BUY recommendation with a target price of SGD2.09.
Source: Maybank Kim Eng
Source: Maybank Kim Eng
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
