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The latest announcement is out from CapitaLand Investment Limited ( (SG:9CI) ).
The Ascott Limited is expanding its luxury brand, The Crest Collection, into East Asia and the Middle East, adding new locations in Japan, China, the UAE, and Saudi Arabia. This expansion includes the brand’s first resort and aims to meet the growing demand for heritage-rich luxury stays. The expansion adds over 1,200 units to its portfolio, which now includes 16 properties across 11 countries. The brand’s growth is part of a broader strategy to diversify the Ascott Star Rewards portfolio, offering more luxury options to its members.
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’s wholly owned lodging business unit, The Ascott Limited, operates in the hospitality industry, offering a range of luxury lodging options under various brands including The Crest Collection. The company focuses on providing heritage-inspired luxury stays and is part of the Ascott Star Rewards programme, enhancing its market presence in the luxury travel sector.
Average Trading Volume: 10,471,777
Technical Sentiment Signal: Buy
Current Market Cap: S$12.91B
See more data about 9CI stock on TipRanks’ Stock Analysis page.