CapitaLand Investment - UOB Kay Hian 2024-08-15: A Slight Miss For 1H24

• CapitaLand Investment (SGX:9CI) reported core PATMI of S$331m, down 5.7% y-o-y and a slight miss compared with our expectation. This was due to both higher-than-expected interest cost as well as forex losses given the strength of the Singapore dollar versus other currencies that CapitaLand Investment is exposed to.
• - Read this at SGinvestors.io -

A new template for diversification in China.

• On 13 August, CapitaLand Investment announced the first close of its sixth onshore RMB fund which will focus on business parks and has an initial equity commitment of RMB1.2b and an onshore major institutional investor as the fund’s anchor investor. The close-ended fund is expected to add RMB2b (S$370m) to CapitaLand Investment’s funds under management (FUM) when fully deployed.
• - Read this at SGinvestors.io -

Commercial management leading the way in CLI’s FRB.

• Read more at SGinvestors.io.

Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.

Read also UOB's most recent report:
2025-05-05 CapitaLand Investment - Decent 1Q25 Update But Anaemic Guidance Will Weigh On Stock.

Previous report by UOB:
2025-03-03 CapitaLand Investment - 2024 Results Weaker-than-expected, Outlook Remains Robust. .

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