Brokers' take
CapitaLand | Neutral Target price: S$3.84 March 27 close: S$3.64 RHB Research, March 27
MEDIA sources have reported that CapitaLand is currently in exclusive negotiations to acquire Asia Square Tower 2 from Blackrock. We expect the pricing to be in the range of S$2.1-2.3 billion, assuming S$2,700-2,900 psf for the transaction. The deal, if concluded, would strengthen its recurring income base.
Sales in Singapore launches have picked up post increased marketing efforts but the residential segment in China is likely to see a slowdown f…
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