That said, lower target prices for CLI’s listed REITs weigh on its own target price. In a Nov 4 note, Lock is maintaining “add” on CLI with a lower target price of $4.50 from $4.59 previously.
CapitaLand Investment (CLI) is catching up with a robust balance sheet for 3QFY2022 ended September and analysts are keeping positive on the stock.
In its 3QFY2022 business update, CLI continued to show operational resilience across all three of its growth drivers: fund management, lodging management and capital management, writes CGS-CIMB Research analyst Lock Mun Yee.
