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...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.