
How CapitaLand could milk gains from Singapore, China assets in Q4
Will they be as impressive as Q3 performance?
According to DBS, looking ahead, 4Q13 and FY14 contributions are likely to be led by higher residential sales in Singapore and China as well as better retail mall leasing income.
Here's more:
In China, it has locked in Rmb4.3m of new sales YTD. This in addition to the 1800 units to be handed over in 4Q, and should underpin China residential profits.
In Singapore, it has a remaining 1,239 units yet to be sold from various projects. Other business segments such as the retail mall and serviced apartment business units should continue to deliver better y-o-y performance on new mall completions and securing new management contracts.