CGS-CIMB analyst Lock Mun Yee has kept her target price unchanged at $4.04. She has also maintained her current earnings estimates pending the formation of the new entity, CapitaLand Investment.
As CapitaLand reported its results for the 1HFY2021 ended June, analysts from CGS-CIMB Research and OCBC Investment Research have maintained their “add” and “hold” calls respectively.
The property group’s earnings of $922.2 million stood broadly within expectations of both brokerages.
