CapitaLand - A new CEO soon but likely no change to business model
Date:
2012-06-25
Target S$3.61 (Long Term: Out Perform)
Group president and CEO Mr Liew Mun Leong will step down in June 2013. We believe his successor, to be named in a few months, will come from within. We think there is enough depth in its management team to ensure a smooth transition and do not see this as a negative event. Maintain Outperform and target price (25% discount to RNAV). We see any undue weakness in the share price as an opportunity to accumulate. Avenues for future capital recycling could provide catalysts.
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Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
hongche
Capitaland Limited:-
Last Price:- 2.88
Avg. Target Price:- 3.19
Change:- +10.76%
Recommendation- BUY
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2012-07-09 18:11