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    9CI   SGXE62145532


Delayed Singapore Stock Exchange  -  04:07 2022-12-09 am EST
3.630 SGD   +0.28%
02:20aCapitaLand Investment Appoints Group CFO
12/08Capitaland Investment Limited Announces Executive Changes
12/08Capitaland Investment Limited Announces Chief Financial Officer Changes, Effective January 01, 2023
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Ascott To Activ8 Tiktok Influencers from Around the World to Create Most Engaging City Stay Content for the #Infin8citadines Global Tiktokers' Challenge

09/29/2022 | 11:54am EST

Singapore- CapitaLand Investment Limited's (CLI) wholly owned lodging business unit, The Ascott Limited (Ascott), has launched a global TikTok campaign - the #Infin8Citadines Global TikTokers' Challenge. The challenge will see eight TikTok influencers from different countries including Australia, France, Indonesia, Japan, Philippines, Singapore, the UAE and Vietnam, create weekly-themed content to compete for a grand prize - a 24-night stay at Citadines properties across eight different cities. In celebration of Citadines' 'For The Love of Cities' brand refresh, the challenge will also extend weekly giveaways to TikTok fans, with over two million points for Ascott's loyalty programme - Ascott Star Rewards (ASR) available for the redemption of complimentary stays and more. The campaign will feature prominently on Ascott's newly activated TikTok channel (@discoverasr).

How the challenge works

During the month-long challenge, eight selected TikTok influencers* from around the world will be hosted at participating Citadines properties** for a stay. During which, they will capture content around Citadines' brand signature programmes and the infinite possibilities for guests to live, work and play at and around the properties in the cities they each represent. From promoting active lifestyles and dishing out insider tips as part of activ8, to introducing local coffee cultures and the latest cafes to bring out the brand's passion for coffee; content will be posted on the TikTok influencers' respective channels and on @discoverasr every week.

TikTok followers who comment on and like the #Infin8Citadines content produced by these eight influencers over three weeks, will stand a chance to win 80,000 ASR points to redeem complimentary stays (nine winners per week). To qualify for the weekly giveaways, followers will need to be an ASR member, follow Ascott's TikTok account (@discoverasr), comment and like any of the influencers' videos reposted on the @discoverasr channel.

In the final week of the #Infin8Citadines Global TikTokers' Challenge, the most 'influential' TikTok influencer amongst the eight, will win the grand prize - a 24-night stay at Citadines properties across eight different cities. The grand prize winner will be selected based on the highest level of engagement achieved with their content and the most sign-ups for the ASR loyalty programme across the campaign period.

Tan Bee Leng, Ascott's Managing Director for Brand & Marketing said: 'Ascott is thrilled to kick-off our first-ever TikTok challenge in partnership with some of the most creative content creators on TikTok. Collectively, these eight TikTokers from around the world have garnered more than 600,000 fans and over 8.2 million likes for their videos to date. We look forward to seeing fresh engaging content which will enable travellers to discover what Citadines has to offer, alongside the many benefits of our ASR programme; and most importantly help our guests gain different ideas to best live, work and play in each city.'

'TikTok was the most-downloaded app across Asia Pacific in 2021[1]. From city hacks and destination offers to accommodation reviews, travel-related content has proven to be one of the most engaging on TikTok. With the platform growing in popularity as a source of travel inspiration, Ascott is excited to launch our @discoverasr TikTok channel to connect with this growing demographic of next-generation travellers.'

With the ASR programme, guests can enjoy priority check-ins, birthday discount e-vouchers, brand-specific arrival experiences and welcome amenities or signature gifts that are customised across Ascott's suite of brands. Guests can sign up here: https://www.discoverasr.com/en/sign-up.

*Participating TikTok influencers in # Infin8Citadines Global TikTokers' Challenge:

@casey.jra - Australia (www.tiktok.com/@casey.jra)

@orgerby - France (www.tiktok.com/@orgerby)

@laissti - Indonesia (www.tiktok.com/@laissti)

@wheresarya - Japan (www.tiktok.com/@wheresarya)

@chelseamaey - Philippines (www.tiktok.com/@chelseamaey)

@shuutravels - Singapore (www.tiktok.com/@shuutravels)

@touringonabudget - UAE (www.tiktok.com/@touringonabudget)

@phantheanh88 - Vietnam (https://www.tiktok.com/@phantheanh88)

**Participating Citadines properties in the #Infin8Citadines Global TikTokers' Challenge:

Citadines Connect Sydney Airport (Australia)

Citadines Tour Eiffel Paris (France)

Citadines Sudirman Jakarta (Indonesia)

Citadines Namba Osaka (Japan)

Citadines Bay City Manila (Philippines)

Citadines Raffles Place Singapore (Singapore)

Citadines Culture Village Dubai (UAE)

Citadines Marina Halong (Vietnam)

For more information on the #Infin8Citadines Global TikTokers' Challenge, please visit https://www.discoverasr.com/en/infin8citadines.

About The Ascott Limited

The Ascott Limited (Ascott) is a Singapore company that has grown to be one of the leading international lodging owner-operators. Ascott's portfolio spans more than 200 cities across over 30 countries in Asia Pacific, Central Asia, Europe, the Middle East, Africa and the USA.

Ascott has more than 78,000 operating units and over 57,000 units under development, making a total of more than 135,000 units in over 800 properties.

The company's serviced apartment, coliving and hotel brands include Ascott The Residence, The Crest Collection, Somerset, Quest, Citadines, lyf, Preference, Vertu, Harris, Citadines Connect, Fox, Yello, Fox Lite and POP!.

Ascott's loyalty programme, Ascott Star Rewards, offers exclusive benefits to its members when they book directly with Ascott for their stays at its participating properties.

Ascott, a wholly owned subsidiary of CapitaLand Investment Limited, pioneered Asia Pacific's first international-class serviced apartment with the opening of The Ascott Singapore in 1984. Today, the company boasts over 30 years of industry track record and award-winning brands that enjoy recognition worldwide.

For more information, please visit www.discoverasr.com.

About CapitaLand Investment Limited

Headquartered and listed in Singapore, CapitaLand Investment Limited (CLI) is a leading global real estate investment manager (REIM) with a strong Asia foothold. As at 31 December 2021, CLI had about S$122.9 billion of real estate assets under management, and about S$86.2 billion of real estate funds under management (FUM) held via six listed real estate investment trusts and business trusts, and 29 private funds across the Asia-Pacific, Europe and USA. Its diversified real estate asset classes cover integrated developments, retail, office, lodging, business parks, industrial, logistics and data centres.

CLI aims to scale its FUM and fee-related earnings through its full stack of investment management and operating capabilities. As the listed investment management business arm of the CapitaLand Group, CLI has access to the development capabilities of and pipeline investment opportunities from CapitaLand's development arm. Being a part of the well-established CapitaLand ecosystem differentiates CLI from other REIMs.

As part of the CapitaLand Group, CLI places sustainability at the core of what it does. As a responsible real estate company, CLI contributes to the environmental and social well-being of the communities where it operates, as it delivers long-term economic value to its stakeholders.

Visit http://www.capitalandinvest.com/ for more information.

(C) 2022 Electronic News Publishing, source ENP Newswire

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Sales 2022 2 539 M 1 879 M 1 879 M
Net income 2022 1 047 M 774 M 774 M
Net Debt 2022 9 109 M 6 739 M 6 739 M
P/E ratio 2022 15,7x
Yield 2022 3,15%
Capitalization 18 564 M 13 736 M 13 736 M
EV / Sales 2022 10,9x
EV / Sales 2023 9,96x
Nbr of Employees 10 000
Free-Float 98,2%
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Number of Analysts 16
Last Close Price 3,63 SGD
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Spread / Average Target 17,8%
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Managers and Directors
Chee Koon Lee Executive Non-Independent Director
Cho Pin Lim Group Chief Financial Officer
Miguel Kai Kwun Ko Chairman
Anthony Lim Lead Independent Director
Teck Koon Kee Independent Director
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