CapitaLand Investment - OCBC Investment 2023-11-09: Near Term Challenges But Strength To Show

CapitaLand Investment - Near Term Challenges But Strength To Show

CapitaLand Investment (SGX:9CI) | SGinvestors.ioCapitaLand Investment (SGX:9CI)
  • CapitaLand Investment (SGX:9CI)’s 3Q23 business update highlighted a divergence in topline performance for its Fee Income-related Business (FRB) and Real Estate Investment Businesses (REIB) segments.

Resilient FRB revenue offset by dip in revenue from REIB segment

  • - Read this at -
  • This implies that FRB revenue grew 10% y-o-y in 3Q23, while that of REIB fell 16% y-o-y.

Fee Income-related Business driven by lodging and commercial management

  • Growth for its FRB topline was driven largely by its lodging management and commercial management (previously known as property management) businesses.
    • - Read this at -
    • There was more emphasis placed on its commercial management business this quarter, which CapitaLand Investment sees as a resilient, capital efficient and recurrent fee platform which provides services to its REITs and fast-growing private funds business.

Real Estate Investment Businesses (REIB) affected by China and FX

  •

Above is the excerpt from report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full report in PDF @

OCBC Research Team OCBC Investment Research | 2023-11-09

Previous report by OCBC:
2023-08-15 CapitaLand Investment - Fund Raising Capabilities A Testament Of Solid Reputation.

Price targets by 4 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


You May Also Like

SGX Stock / REIT Search


Most Read

Trust Bank God Of Fortune Referral Code PGKPSWAE Trust Bank Referral Code 🎁