UOB KayHian (UOB KH) has retained its “hold” rating for the stock albeit with a higher target price of $3.10 from $2.80 previously.
Analysts have remained divided on CapitaLand following the property developer’s worst ever full-year results for FY2020 ended Dec 31.
The company reported its largest ever net loss, no thanks to a write down of some $2.5 billion in value of its investment properties, projects, and equity investments impacted by the Covid-19 pandemic.
