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CapitaLand Investment (CLI)
Broker's Calls
Paragon REIT could be acquired within CLI’s ecosystem of fund partners or other consortium partners: DBS
Even though the market expects Paragon REIT to be acquired by CICT, the analysts see that the capital allocated for ION could mean that Paragon's suitor could be elsewhere.
September 26, 2024
Tourism
Ascott secures 28 new signings year-to-date, adding over 3,400 units in Southeast Asia
The expansion comes amid “strong growth prospects” in the region, says Ascott.
September 23, 2024
China Focus
Unlisted CapitaLand Group faces near-term China challenge
CapitaLand Group, the unlisted company that owns a stake in CLI and 100% of CLD, is facing challenges in China
September 17, 2024
Deals, joint ventures & alliances
CapitaLand in talks to acquire minority stake in Club Med
CLI is seeking to acquire from 20% to 30% in the hotelier for several hundred million euros, according to sources.
September 17, 2024
New appointments
CapitaLand Investment announces new executive appointments
Simon Treacy, CEO of CLI’s private equity real estate arm, will step down from his role with effect from Oct 31.
September 12, 2024
Broker's Calls
Citi downgrades CICT to ‘neutral’ with higher TP of $2.21
The downgrade comes as it sees limited DPU upside for ION Orchard and stretched valuations.
September 09, 2024
Global Economy
Briefs: CLI aims to more than double investments in India by 2028; Ennoconn buys 53.38% stake in NeraTel
In other news this week, Australia's regulator approves network-sharing deal between Singtel's Optus and TPG Telecom.
September 05, 2024
India
CapitaLand Investment targets to more than double investments in India by 2028
The target was announced on the back of CLI’s 30th anniversary in India.
September 04, 2024
REITs
CICT's manager proposes to acquire ION Orchard at $1.85 billion, subject to EGM
ION Orchard's gross yield according to a CICT presentation, is 7.1%, and the deal is pro forma 0.9% accretive to DPU
September 03, 2024
Property
Behind the numbers at CapitaLand Investment’s and CityDev’s briefings
CLI and CDL have taken different paths to profitability and both are facing challenges
August 15, 2024