With CLI’s plans to expand across China and other countries across the globe, CLI could be a profitable investment to look into. Here's why.
CLI’s real estate investment manager said in a bourse filing earlier today that the company remains long-term positive on China due to the Chinese government’s pro-business and pro-consumption stimulus that provides opportunistic investment themes for the company. Within China, CLI has established its presence across first and second timer cities in 5 core city clusters and continues to diversify its asset class involvement by exploring new economy asset classes such as business parks, logistics and data centres.
CLI is also looking at expanding to other countries. Its lyf co-living brand has 5 properties slated to open across the globe in cities such as Bangkok,Cebu, Kuala Lumpur, Melbourne and Xi'an, with another 5 scheduled to open in Beijing, Danang, Ho Chi Minh City, Manila and Paris by 2025.
Lastly, CLI has announced its plans to combine its co-living space with the metaverse through immersive augmented reality (AR) and virtual reality (VR) technologies. Although the first pilot has only just started, successful pilots will be implemented worldwide and could be a useful and innovative experience with25% of people expected to spend at least 1 hour per day in the metaverse by 2026.
Additionally, charts show that there could be a breakout of the consolidation area to continue the bullish momentum. The ichimoku cloud further supports this as price movement is above the cloud, suggesting a positive trend.
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