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CapitaLand Investment Limited ( (SG:9CI) ) has issued an update.
CapitaLand Commercial C-REIT (CLCR) has received approval from the China Securities Regulatory Commission to register for its listing on the Shanghai Stock Exchange, marking it as China’s first international-sponsored retail C-REIT. This move is expected to raise RMB2.1 billion through the issuance of 400 million units and aligns with CLI’s strategy to tap into onshore capital. CLCR’s initial portfolio includes high-quality retail assets in Tier-1 and strong Tier-2 cities in China, benefiting from government policies to boost domestic consumption. These assets promise stable rental income supported by a diversified tenant base and experienced asset management teams.
The most recent analyst rating on (SG:9CI) stock is a Buy with a S$3.65 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 (CLI) is a leading real estate investment manager in the Asia Pacific region, specializing in the management of Real Estate Investment Trusts (REITs). The company focuses on expanding its REIT management platform and increasing its funds under management and recurring fee income.
Average Trading Volume: 8,804,951
Technical Sentiment Signal: Buy
Current Market Cap: S$14.13B
For a thorough assessment of 9CI stock, go to TipRanks’ Stock Analysis page.