The market seems to think differently, with selling pressure forcing CLI shares down nearly 8% on May 2, the first trading day after CLI's results were released on April 30.
CGS International Research analyst Lock Mun Yee is keeping "add" on CapitaLand Investment (CLI) with an unchanged target price of $4.30, noting things were "business as usual" in 1QFY2025 ended March 31.
"We like CLI's strong recurring fee-income base, which provides good income visibility, and its asset-light fund management model," writes Lock in a May 2 note.
