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Brokers' take

CapitaLand | Buy
Target price: S$4.25
June 28 close: S$3.13

RHB, June 28

Maintain "buy" with a higher target price of S$4.25, from S$4.20, 36 per cent upside and 4 per cent dividend yield. CapitaLand remains our top large-cap pick.

Its latest acquisition of a Chongqing site is a timely move to replenish its land bank. We believe the recent share price weakness stems from macro concerns on an escalation in global trade tensions which resulted in fund outflows from equities.

Fundamentally, we expect sales...

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