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The latest update is out from CapitaLand Investment Limited ( (SG:9CI) ).
Ascott’s Citadines brand has surpassed 200 properties globally, achieving significant growth through rapid conversions and geographical diversification. The brand’s expansion includes entering 18 new cities, with a focus on high-potential tier-2 and tier-3 markets, and has been driven by a strong franchise model and a global brand campaign. This growth highlights Citadines’ leadership in the upper-midscale segment and its ability to quickly transform existing properties, as evidenced by recent swift conversions in locations like Jakarta and Liverpool. The franchise model, particularly in China, is expected to further drive the brand’s global expansion.
The most recent analyst rating on (SG:9CI) stock is a Hold with a S$3.00 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
The Ascott Limited is a wholly owned lodging business unit of CapitaLand Investment, operating in the hospitality industry. It offers a range of accommodation brands including Citadines, Ascott, Somerset, and others, focusing on asset-light growth through management and franchise agreements.
Average Trading Volume: 9,231,137
Technical Sentiment Signal: Buy
Current Market Cap: S$13.72B
For detailed information about 9CI stock, go to TipRanks’ Stock Analysis page.