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

• 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 an excerpt from a report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full PDF report @ https://www.iocbc.com/.

Read also OCBC's most recent report:
2025-05-02 CapitaLand Investment - Taking A Measured Approach.

Previous report by OCBC:
2025-02-28 CapitaLand Investment - On The Hunt For Growth.

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 Dividend Payout Dates & Corporate Actions,
CapitaLand Investment News