Capitaland 02 (Jun 10 - Dec 19)

Re: Capitaland 02 (Jun 10 - Dec 19)

Postby winston » Mon Dec 03, 2018 9:19 am

not vested

Extending Its Wings

We update our model to incorporate the latest data points on Jewel Changi, overseas acquisitions and earlier recognition of China residential sales.

New acquisitions include the 16 US multi-family properties, as well as an effective stake of 20.85% in Shanghai’s tallest twin towers.

We maintain BUY with a raised target price of S$4.40, pegged to a 20% discount to our revised RNAV.

Source: UOBKH ... fd392b3e46
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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