Ong has also kept her earnings estimates unchanged, pending the completion of the demerger.
PhillipCapital analyst Natalie Ong has maintained her “buy” call on CapitaLand with an unchanged target price of $4.38 on CapitaLand after the group announced that it would hold an extraordinary annual meeting (EGM) on the restructuring on Aug 10.
The sum-of-the-parts (SOTP) target price is based on the 80% probability-weighted revised net asset value (RNAV) that the demerger will be approved.
