CapitaLand Investment Limited - SGX Company Insights Ep 31
Welcome to the Let the Money Talk podcast.
In this episode, Phillip Securities Research's analyst, Natalie Ong, discusses the report on CapitaLand Investment Limited, which is charting new growth.
We initiate coverage on CLI with an ACCUMULATE rating and SOTP derived TP of S$4.00.
We like CLI for three main reasons.
Firstly, CLI's stable and recurring revenues from fees income and real estate investments.
Secondly, growth in fund management and lodging AUM will help to drive fee income.
Lastly, its S$3bn divestment target will be channelled into new economy assets.
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The skinny
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