CapitaLand's restructuring move is not for everyone, say analysts
Other locally listed developers may not have the size and scale to pull off such a change, they say
Singapore
CAPITALAND'S restructuring deal seems the perfect solution to the middling valuations that the market has been awarding to property developers, but market watchers said replicating the deal may be difficult for locally listed developers without similar size and scale.
On Monday, CapitaLand announced a deal that will place its real-estate development business under private ownership, and consolidate its investment-management platforms and lodging arm into a new listed entity called CapitaLand Investment Management (CLIM).
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Brokers’ take: SAC Research initiates ‘buy’ on Soilbuild with S$0.04 target
Aramco to pay US$31 billion dividend as Saudi posts budget deficit
PetroVietnam announces new oil discoveries with initial reserves of 100.5 million barrels
UBS reports first profit since taking over Credit Suisse
Amazon’s AWS commits extra S$12 billion to boost Singapore cloud infrastructure
New Thai finance chief wants monetary, fiscal policies aligned