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CapitaLand on track with lower risk, higher overseas exposure

Broker's Calls

CapitaLand on track with lower risk, higher overseas exposure

Michelle Zhu Published on Wed, Jan 18, 2017 / 11:45 AM GMT+8

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SINGAPORE (Jan 18): CIMB is keeping its “add” recommendation on property developer CapitaLand while lowering its target price for the stock from $4.17 previously to $4.15.

This comes after the property developer on Monday announced its divestment of its 100% stake in Nassim Hill Realty (NHR) to Kheng Leong Company for an aggregate cash consideration of $411.6 million.

(See also: CapitaLand sells entire stake in The Nassim for $412 mil)

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