Capitaland: Daiwa cuts TP to $3.10 vs $3.50 but keeps Outperform rating as it believes that its share price has more than discounted any potential policy risk and value impairment from the impending global downturn CMA to $1.14 from $1.47.
However, the house says it has upgraded CMA to Buy from Hold after the recent selldown. Believe CapitaLand's risk-reward ratio has improved, with the stock having underperformed the market for the past 12 mths. CapitaLand closed 1.7% higher at $2.43 on Mon while CMA was up 2.2% at $1.165.
No comments:
Post a Comment