- CapitaLand Investment (SGX:9CI) reported 2H23 revenue of S$1.44bn, -5.5% y-o-y, due to lower real estate investment business (REIB) revenue which fell 13% y-o-y to S$976m. This was partly offset by higher fee income business (FRB) revenue which grew by 17% y-o-y to S$458m.
S$170m net loss in 2H23
- - Read this at SGinvestors.io -
- CapitaLand Investment's FY23 PATMI (including divestment gains) of S$781m, -6% y-o-y, was in line with our estimates.
- Net debt-to-equity ratio stood at 0.56x at end-FY23.
- CapitaLand Investment has proposed a final dividend of 12 cents for FY23.
FRB revenue rose 9%
- - Read this at SGinvestors.io -
- Funds under management (FUM), including S$10bn of embedded FUM, stood at S$100bn at end FY23 while fund fees averaged 46bp during the year.
Aims to double FUM to S$200bn over the next 5 years
- Read more at SGinvestors.io.
Above is the excerpt from research report by CGSI Research.
Clients of CGS International may access the full report in PDF @ https://itrade.cgsi.com.sg/.
LOCK Mun Yee CGS International Research | https://itrade.cgsi.com.sg 2024-02-28
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
