AcquisitionsPATMI is expected to improve with the full contributions from the acquisitions of SC Capital (SCCP) and Wingate.
Dividend PolicyCLI declared a final DPS of 12 cents and a special dividend-in-specie of 0.031 CICT units per share, taking total DPS to 18 cents, along with a revised dividend payout policy to a minimum 50% of cash PATMI, up from 30% previously to enhance shareholder returns.
Recurring IncomeAnalyst 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.