- CapitaLand Investment (SGX:9CI) reported 9M23 revenue of S$2.09bn, -3% y-o-y. Fee income business (FRB) revenue grew 9% y-o-y in 9M23 to S$799m while real estate investment business (REIB) revenue declined 8% y-o-y to S$1.44bn.
- - Read this at SGinvestors.io -
- Year-to-date, CapitaLand Investment has also bought back S$49m worth of shares and will likely continue with the share buybacks as an avenue to boost ROE and EPS, it said.
Fee Income-related Business revenue growth led by lodging management segment
- - Read this at SGinvestors.io -
- Management indicated that its commercial management (formerly its property management) business is a new growth segment and targets to expand activities through management of more third-party properties.
Funds under management rose marginally, fund fees relatively flat
- Read more at SGinvestors.io.
Above is the excerpt from research report by CGS-CIMB.
Clients of CGS-CIMB may access the full report in PDF @ https://www.itradecimb.com.sg/.
LOCK Mun Yee CGS-CIMB Research | https://www.cgs-cimb.com 2023-11-10
Previous report by CGS-CIMB:
2023-08-11 CapitaLand Investment - Biding Its Time.
Price targets by 6 other brokers at CapitaLand Investment Target Prices.
Listing of research reports at CapitaLand Investment Analyst Reports.
Relevant links:
CapitaLand Investment Share Price History,
CapitaLand Investment Announcements,
CapitaLand Investment Dividends & Corporate Actions,
CapitaLand Investment News Articles
