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The latest announcement is out from CapitaLand Investment Limited ( (SG:9CI) ).
The Ascott Limited has signed a significant hotel management agreement with Coronade Properties to manage Ascott Coronation Square Johor Bahru, a new flagship hotel in the Johor-Singapore Special Economic Zone (JS-SEZ). This collaboration marks the first major hospitality partnership following the Singapore-Malaysia JS-SEZ agreement, highlighting the area’s growing appeal for cross-border business. The project is a strategic milestone for Ascott, expanding its footprint in Malaysia with its sixth property in the country, and aims to cater to the increasing demand from business, tourism, and investment activities in the region.
The most recent analyst rating on (SG:9CI) stock is a Buy with a S$3.85 price target. To see the full list of analyst forecasts on CapitaLand Investment Limited stock, see the SG:9CI Stock Forecast page.
More about CapitaLand Investment Limited
CapitaLand Investment Limited, through its lodging business unit The Ascott Limited, operates in the hospitality industry, managing a diverse portfolio of properties including hotels and serviced residences. The company focuses on expanding its presence in key markets, particularly in Asia, with a strong emphasis on cross-border business and tourism ventures.
Average Trading Volume: 8,216,216
Technical Sentiment Signal: Buy
Current Market Cap: S$14.19B
Learn more about 9CI stock on TipRanks’ Stock Analysis page.