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CapitaLand still a solid 'buy' despite 1Q earnings tumble

Stanislaus Jude Chan
Stanislaus Jude Chan • 4 min read
CapitaLand still a solid 'buy' despite 1Q earnings tumble
SINGAPORE (May 2): Analysts are brushing aside CapitaLand’s 18.8% decline in 1Q earnings and reiterating their “buy” recommendations on the real estate giant.
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SINGAPORE (May 2): Analysts are brushing aside CapitaLand’s 18.8% decline in 1Q earnings and reiterating their “buy” recommendations on the real estate giant.

The group reported earnings of $319.1 million for the quarter ended March, falling from $392.8 million a year ago.

But this was mainly due to the absence of a $160.9 million gain from the sale of The Nassim in 1Q17.

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