CapitaLand Investment - OCBC Investment 2024-04-29: Expect Capital Recycling Activities To Step Up

CapitaLand Investment - Expect Capital Recycling Activities To Step Up

Published:
CapitaLand Investment (SGX:9CI) | SGinvestors.ioCapitaLand Investment (SGX:9CI)
  • 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 -
  • The lower REIB revenue was due partly to asset divestments and weaker revenue in the US, but partially offset by improved contribution from Japan.
  • 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



    Previous report by OCBC:
    2024-03-01 CapitaLand Investment - Fund Times Ahead.

    Price targets by 5 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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