Singapore's largest property developer, CapitaLand (OTCPK:CLLDY)
(CATL.SI) had a pretty good 2017. Helped by improving conditions in
Singapore and China, not to mention significant project openings,
CapitaLand's local shares climbed 20% and the ADRs did even better.
Although
these aren't the easiest shares to own, and it's not a simple company
to model, I continue to believe the story and opportunity are
worthwhile. CapitaLand management has shown repeatedly that they can
successfully develop and manage properties and recycle capital into new
value-creating projects. What's more, the company is a good play on the
rising middle class in China, and to a lesser extent, Vietnam, India,
and Indonesia. With the shares still about 10% to 15% undervalued,
CapitaLand looks like a reasonable option for investors who want
exposure to consumer-centric real estate in China and Southeast Asia.
Click here for the full article:
CapitaLand Broadening Its Focus To Include More Higher-ROE Services
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