CAPITALAND - UNDERVALUED WITH AVG 30% UPSIDE TARGET

this stock consolidating for upwards surge ; with bullish calls by big investment firms local and overseas


Big names like CITIGROUP - TP : $4.50
Credit suisse - TP : $4.53
Barclays - TP : $4.42
DBS vickers - TP : $4.07
Deutsche Bank - TP : $4.37


And many more bullish calls

Buy cheap now

We are retaining our Buy call with TP of S$4.36,
pegged to a 25% discount to RNAV. The stock is currently trading at a
steep 26% below its TP. We believe that the share price gap to TP
could close as the group continues to drive ROE improvements towards
its long term objective.

Sales for CapitaLand's Sky Vue condominium in Bishan got off to a rocking start with 410 of the 505 units released for sale on last Saturday sold by 7pm.

Two-bedders, with an average price of $933,000 per unit, proved the most popular among buyers, said the property developer in a statement.

CapitaLand chief executive for residential properties, Mr Wong Heang Fine, said the firm was encouraged by the strong support from homebuyers and investors. "Most of our buyers are young couples who appreciate the well-articulated layouts and lifestyle amenities of Sky Vue and its proximity to the Bishan MRT station and Junction 8 shopping mall," he said.

The average price for all the units sold on Saturday was $1,500 psf. One-bedroom units and two-bedroom suites went for average prices of $750,000 and $1.15 million respectively, while the average price of a three-bedroom unit was $1.58 million.

check that latest article by Deutsche bank for their Top 5 Buy picks .

Capitaland is one of them with the highest percentage upside of 41%

Completely no sell calls

All the big boys and funds accumulating slowly and quietly .

20/20 all BUY and OUTPERFORM rating for Capitaland

BUY and accumulate cheaply now