Stock Analysis: CapLand Ascott T
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CapitaLand Ascott Trust recommends buying, with a target price of 1.38 SGD, and the current stock price is 0.9 SGD. The trust performed steadily in the second half of last year, with a year-on-year increase of 9% in rental income for the fourth quarter of 2024, and the average occupancy rate rising to 81%. Revenue and net profit are expected to grow by 6% and 8% respectively in the second half of 2024. Management is optimistic about the first quarter of 2025, anticipating that the Australian market will benefit from major events. The trust plans to invest SGD 130 million to upgrade assets in London and Sydney from 2025 to 2026
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