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DBS says CapitaLand Investment ‘born to fly’ with TP of $4.00

Chloe Lim
Chloe Lim1/4/2022 5:56 PM GMT+08  • 3 min read
DBS says CapitaLand Investment ‘born to fly’ with TP of $4.00
DBS Group Research analysts have re-initiated a ‘buy’ rating on CapitaLand Investment (CLI) with a target price of $4.00
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DBS Group Research analysts Derek Tan and Rachel Tan have re-initiated a ‘buy’ rating on CapitaLand Investment (CLI) with a target price of $4.00, offering a 20% upside.

The analysts expect the catalysts that emerge to be the launch of new fund products and REIT acquisitions, with an aim to grow funds under management (FUM) to $100 billion by 2024, up 19% from 2021, and a rebound in operational performance from its lodging business.

“These are expected to drive a three-year net profit compound annual growth rate by 12% during FY2021-FY2024,” say the analysts.

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