Firstly, CapitaLand has released it 4th quarter results and from the figures provided by analysts, they posted a 389 percent surge in fourth-quarter net profit to S$455.8 million ($295.8 million), beating analysts' expectations of 9 percent profit growth. This amazing result will surely boost the stock price of CapitaLand.
Secondly, They just bought a significant share in a Japan Reit recently. This will have them take their first step to expand into Japan. With their rapid expansion in China as well, investors can expect further uptrend in the future , and I foresee an upgrade on the recommendation for the stock. Cheers to a day of ups for Singapore market!
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