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4 Singapore Stocks Announcing Business Developments to Grow Their Business: Can Their Share Prices Follow?
By The Smart Investor  •  July 23, 2024
It’s not always easy to filter out good investment ideas. A good way to start will be to watch out for companies that announce either acquisitions or interesting business developments. These events usually translate to an uplift in earnings or dividends and may act as a catalyst for the share price to head higher. We profile four Singapore stocks that recently announced acquisitions or favourable business developments.

CapitaLand Investment Limited (SGX: 9CI)

CapitaLand Investment Limited, or CLI, is a blue-chip real estate manager with S$134 billion of assets under management and S$100 billion of funds under management as of 31 March 2024. In early July, CLI’s wholly-owned lodging unit, The Ascott Limited, announced several major milestones for its global expansion strategy. Ascott added six new properties to its European portfolio with the debut of The Unlimited Collection brand and expansion of the lyf brand. These new properties will boost Ascott’s portfolio in Europe by 14% to around 8,000 units...
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
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