During 3Q, retail operations across markets bounced back, with improvements seen in tenant sales and shopper traffic.
CapitaLand has remained RHB’s sector top pick, says analyst Vijay Natarajan, as the group’s portfolio operations across various asset classes rebounded from a 2Q trough.
On this, Natarajan has maintained his “buy” call on the counter with the same target price of $3.16.
