CGS-CIMB Research, too, has kept its “add” rating for the stock with a higher target price of $4.04 from $3.42 previously.
Analysts have no qualms on CapitaLand’s proposed restructuring that will see the company’s property development business taken private, but its fund management and lodging businesses remain listed.
RHB Securities has reiterated its “buy” recommendation for the stock with a higher target price of $4.25 from $3.75 previously.
