In a report released yesterday, Darren Chan from Phillip Securities maintained a Buy rating on CapitaLand Investment Limited, with a price target of S$3.65.
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Darren Chan has given his Buy rating due to a combination of factors that highlight CapitaLand Investment Limited’s potential for growth and resilience. Despite a decline in revenue and PATMI in the first half of 2025, primarily due to the absence of contributions from divested assets, the company is expected to see improvements in the second half of the year. This anticipated growth is driven by full contributions from recent acquisitions, which are expected to bolster the company’s financial performance.
Darren Chan also emphasizes the strength of CapitaLand’s recurring fee income, which increased in the first half of 2025. This growth in fee income, particularly from REIT and lodging management, underscores the company’s asset-light strategy, which provides stability amid economic uncertainties. Furthermore, the planned C-REIT listing is on track, offering a platform for asset recycling and supporting long-term growth prospects. These factors collectively justify the Buy rating, as they indicate a robust and expanding income stream for CapitaLand Investment Limited.
Chan covers the Real Estate sector, focusing on stocks such as City Developments, Ascott Residence, and Prime US REIT. According to TipRanks, Chan has an average return of 7.4% and a 72.55% success rate on recommended stocks.
In another report released on August 15, DBS also maintained a Buy rating on the stock with a S$3.65 price target.