CapitaLand: +2.6% yday, to close at $3.86, above the 200MA. Recent momentum partially fueled by CEO’s comments that CapL is open to a China listing, reviving hopes of a dual-listing of the main counter or further unlocking of asset value via spin-offs.
Stock may reverse 2010’s underperformance this year, given the recent change in sentiment. In less than a wk since the year began, at least 3 houses have reaffirmed their Buy recommendations, giving targets btwn $4.48-4.95.
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