CapitaLand Investment - CGS-CIMB Research 2023-11-10: Boost From Fee-related Revenue

• 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/.

Previous report by CGS-CIMB:
2023-08-11 CapitaLand Investment - Biding Its Time.

Price targets by 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 Dividend Payout Dates & Corporate Actions,
CapitaLand Investment News