CapitaLand

CapitaLand: +3.1% to $3.04, adding to its 1.7% rise Thursday. The stock has rebounded 10.5% since hitting its 2011 low of $2.75 mid-June, but remains down 18.1% ytd. An analyst at a foreign brokerage says this underperformance may have stirred expectations of mgt changes, especially after CapL late Jun announced Morgan Stanley co-head of SE Asian invmt banking Arthur Lang would become its new CFO, wef mid-Sep...

Notes in the recent Temasek Review, CapitaLand was a major underperformer, so one of the things Temasek would look at is what's been dragging the underperformance and how they can reverse it. Adds, while change is not going to be immediate, the stock is very cheap and unloved by investors, so if there's any corporate developments on the management side, that could be a positive development for the shares.