CapitaLand

CapitaLand +1.9% at $3.82 on broad market strength. Interest has increased since CapitaMalls Asia unveiled plans to list its Malaysian malls on Bursa Malaysia. Before that, sentiment cautious in large part due to concerns over group’s China operations in wake of Beijing's measures to rein in home prices. Goldman Sachs, which has Buy call with $4.96 target opines that a fair amount of risk is priced in and current price does not reflect the assets and earnings potential of its residual biz notes operations in China is more than 60% exposed to more resilient retail/commercial segments. Stock testing $3.82 100-day MA resistance with 200-day MA/61.8% fibonnaci retracement at $3.94.