CapitaLand's latest acquisition in Shanghai keeps it at 'buy'

SINGAPORE (Dec 20): DBS is maintaining its “buy” call on CapitaLand with a target price of $4.35 following the group’s latest acquisition of a commercial site in Shanghai.

The group on Tuesday announced that it is acquiring a commercial land plot in Wujiaochang decentralised business district (DBD), Shanghai for RMB838 million ($171 million).