In a 135-page report entitled ‘Time to switch?’, Deutsche Bank analysts Joy Wang and Man Chien-Fie said the best time to buy residential developers is when home prices are still falling and the declines have largely been priced in by the market.
Deutsche Bank’s top picks for residential developers include City Developments (
Financial Dashboard), Wing Tai Holdings ( Financial Dashboard) and CapitaLand ( Financial Dashboard).Its price targets for the three stocks are $12, $2.15 and $3.95 respectively.
