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‘Positive trends’ for CapitaLand Investment, but approach with prudence: analysts

Lim Hui Jie & Jovi Ho
Lim Hui Jie & Jovi Ho5/17/2022 04:18 PM GMT+08  • 5 min read
‘Positive trends’ for CapitaLand Investment, but approach with prudence: analysts
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CapitaLand Investment’s (CLI) “solid” 1QFY2022 ended March revenue growth of 23% y-o-y signals positive trends, but analysts advise a prudent approach to the stock.

UOB Kay Hian’s Adrian Loh is maintaining his “buy” call and target price of $4.13, while OCBC Investment Research has a “hold” call on CLI, with a fair value estimate of $4.13.

UOBKH’s Loh says the company’s 1QFY2022 was a “solid quarter with segmental revenues that were in line with our estimates.”

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