CapitaLand Investment - UOB Kay Hian 2023-11-10: Short-term Headwinds But There Should Still Be A Growth Story In 2024

• CapitaLand Investment reported a weaker-than-expected 3Q23 business update and, with the exception of its lodging business, guided for a difficult medium-term outlook with fair value losses and impairments likely at its 2023 annual results in Feb 24.
• - Read this at SGinvestors.io -
• EPS forecast for CapitaLand Investment is lowered for 2023-25, and target price for CapitaLand Investment is reduced to S$3.90 (previously S$4.25).

Working through tough times.

• - Read this at SGinvestors.io -
• On the analyst call, CapitaLand Investment's management guided for a difficult medium-term outlook, with the exception of lodging management which continues to perform strongly due to robust travel trends globally.

A resilient business in parts but dragged down by lack of capital recycling.

• Read more at SGinvestors.io.

Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.

Read also UOB's most recent report:
2025-03-03 CapitaLand Investment - 2024 Results Weaker-than-expected, Outlook Remains Robust. .

Previous report by UOB:
2024-11-07 CapitaLand Investment - Executing Well Operationally But Cautious On 2025.

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 Dividend Payout Dates & Corporate Actions,
CapitaLand Investment News