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:
2025-08-15 CapitaLand Investment 1H25 - Strategic Recycling and Lodging Expansion Support Growth Outlook.

Previous report by UOB:
2025-05-05 CapitaLand Investment - Decent 1Q25 Update But Anaemic Guidance Will Weigh On Stock.

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