CapitaLand - A new CEO soon but likely no change to business model

Date: 
2012-06-25
Firm: 
CIMB
Stock: 
C31
Price Target: 
3.61
Price Call: 
BUY
Last Price: 
Upside/Downside: 
+3.61 (∞%)
Target S$3.61 (Long Term: Out Perform)

Group president and CEO Mr Liew Mun Leong will step down in June 2013. We believe his successor, to be named in a few months, will come from within. We think there is enough depth in its management team to ensure a smooth transition and do not see this as a negative event. Maintain Outperform and target price (25% discount to RNAV). We see any undue weakness in the share price as an opportunity to accumulate. Avenues for future capital recycling could provide catalysts.

Discussions
1 person likes this. Showing 1 of 1 comments

hongche

Capitaland Limited:-
Last Price:- 2.88
Avg. Target Price:- 3.19
Change:- +10.76%
Recommendation- BUY
For More FREE Live Information n Signals Register Here:- http://sgx-nifty-live.blogspot.in/

2012-07-09 18:11

Post a Comment