PhillipCapital is initiating an “accumulate” recommendation on CapitaLand Investment (CLI) with a target price of $4.00, representing a 19.6% upside from the market price.

According to analyst Natalie Ong, CLI has under its belt stable and recurring revenues from fees income and real estate investments.

See: Broker's Digest: CapitaLand Investment, SATS, Singtel, Raffles Medical Group, MNACT

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