DEUTSCHE CUTS CAPITALAND’S PRICE TARGET TO S$5.90 FROM S$6.40
SINGAPORE, August 4 (Reuters) – Deutsche Bank has cut its price target for Singapore’s
CapitaLand <CATL.SI> to S$5.90 from S$6.40, citing weaker growth in Singapore, China and
Australia, and maintained its “hold” rating.
”Our revision reflects the rescheduling of China residential projects, lower selling price
assumptions for Singapore residential and a slower take-up rate,” said Deutsche Bank
analysts Gregory Lui and Elaine Khoo in a research note.
Shares of CapitaLand closed at S$5.47 on Friday.
