- CapitaLand Investment (SGX:9CI) provided its business update for 1Q24. The only profit and loss statement item it disclosed was revenue, which came in at S$650m, versus S$651m in the same period a year ago.
increase in fee income-related business offset by decline in real estate investment business revenue
- - Read this at SGinvestors.io -
- Its listed funds management, lodging management and commercial management businesses clocked in y-o-y growth of 4%, 8% and 18%, respectively.
- - Read this at SGinvestors.io -
Management highlighted roadmap to achieving its S$200b FUM target, from S$100b currently
- Read more at SGinvestors.io.
Above is the excerpt from report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full report in PDF @ https://www.iocbc.com/.
OCBC Research Team OCBC Investment Research | https://www.iocbc.com/ 2024-04-29
Read also OCBC's most recent report:
2024-11-25 CapitaLand Investment - Investor Day A Showcase Of Building Blocks For Future Growth.
Previous report by OCBC:
2024-11-07 CapitaLand Investment - Staying Focused On Divestments & Scaling Up Its Private Funds Business.
Price targets by 3 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
