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

CapitaLand Investment - Short-term Headwinds But There Should Still Be A Growth Story In 2024

CapitaLand Investment (SGX:9CI) | SGinvestors.ioCapitaLand Investment (SGX:9CI)
  • 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.
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  • 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.

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  • 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.

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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 @

Adrian Loh UOB Kay Hian Research | 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


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