Capitaland: IIFL retains Reduce, TP$3.56 on China site visits. Coplans to increase its China exposure from the current 36% of assets to nearly 45% over the nxt 5 yrs. China residential is now ~12% of co’s gross development value…
Expects avg home prices in China to drop by approx 20% over 2011-2012, owing to intense price competition from public housing and lower volume. House believes that upside in the stock remains capped given the head winds from China and Spore residential segments
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