CapitaLand Investment Ltd
9CI: XSES (SGP)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| Qs | LOCK|@xB | LOCK|&&>Vd< |
CapitaLand Investment: Proposed REIT Listing in China Reinforces REIT Leadership in the Asia-Pacific
We retain our fair value estimate of SGD 3.30 per share for CapitaLand Investment, or CLI, following its first-quarter business update, which contained no major surprises. While the shares remain undervalued, we continue to prefer Keppel Ltd as our top pick among asset managers, as we believe it is better positioned to capitalize on strong secular growth trends in the infrastructure and data center markets.
