Capitaland

Capitaland: Plans to introduce avg of 3k residential units in China annually. Co has 36 malls in operating in China, has another 16 under dev, targets for another 4 “Raffles City” mall projects by 2014 adding to existing 2. By 2015, it intends to expand the number of serviced residences to 12k units, from current 6k and the portfolio of Ascott to 40k units from current 26k. Stock has fell approx 7.2% since its recent high on 19 Oct compared to FSSTI +0.2% on regional property policies.