Dividend PolicyCLI has revised its dividend payout policy to a minimum 50% of cash PATMI, up from 30% previously, to enhance shareholder returns.
Recurring Fee IncomeRecurring fee income rose 5% YoY, driven by a 6% increase in REIT management fees and a 4.4% increase in lodging management fees.
Resilience StrategyAnalyst maintains BUY with an unchanged SOTP TP of S$3.65, favoring CLI for its robust and expanding recurring fee income stream and asset-light strategy, which underpins resilience amid macro uncertainty.