- 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 the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
Adrian Loh UOB Kay Hian Research | https://research.uobkayhian.com/ 2023-11-10
Previous report by UOB:
2023-08-14 CapitaLand Investment - 1H23 Still Waiting On Sustained Recovery In China.
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
