CapitaLand Investment - OCBC Investment 2024-11-25: Investor Day A Showcase Of Building Blocks For Future Growth

• CapitaLand Investment (SGX:9CI) held its Investor Day on 22 Nov, during which it highlighted its building blocks to drive its growth over the medium-to-longer term. (See CapitaLand Investment's announcement dated 22 Nov for presentation slides)

Targeting FUM growth from S$113b (as at 21 Nov 2024) to S$200b by 2028...

• - Read this at SGinvestors.io -
• - Read this at SGinvestors.io -

... led largely by growth in India, Australia, Korea, Japan and parts of Southeast Asia

• The future composition of its targeted S$200b FUM would comprise an increased proportion of capital allocation to India (from 7% to 10-15%), Australia, Korea and Japan (collectively from 18% to 25-35%) as well as USA and Europe (collectively from 9% to 10-15%).
• SEA’s contribution is expected to range between 30-40% in 2028 versus 39% currently, as the decline in contribution from Singapore due to its relatively smaller market will be offset by other SEA markets.
• Notably, CapitaLand Investment expects its proportion of FUM in China to decline from 27% to 10- 20% given the challenging market conditions.
• Key themes and strategies targeted include logistics, self-storage, lodging & living, data centres, wellness and private credit.

Growth in FUM to support goal of more than doubling its operating earnings to above S$1b by 2028-2030, with 60-70% coming from high quality fee business

• Read more at SGinvestors.io.

OCBC Research Team OCBC Investment Research | https://www.iocbc.com/ 2024-11-25 SGinvestors.io

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