
2022-05-25 16:32:12
CGS-CIMB initiates coverage on Capitaland Investment as it exceeds FUM target
CGS-CIMB Research analyst Lock Mun Yee initiates an “add” rating on Capitaland Investment (CLI) with a target price of $4.59.Lock forecasts a 16% CAGR in operating Patmi before portfolio gains and revaluations over FY2021 ended December 2021 to FY2024, driven by growth in funds under management ...