CapitaLand Investment - Phillip Securities 2024-11-08: Transaction Activity Picking Up

• CapitaLand Investment's 9M24 revenue of S$2.1bn (+1% y-o-y) was slightly below our estimates, forming 70% of our FY24e forecast. Fee Income-related Business (FRB) revenue grew 6% y-o-y from stronger private funds management (+14% y-o-y) and commercial management (+14% y-o-y). In contrast, Real Estate Investment Business (REIB) revenue fell 2% from divestments in India, Australia and France.
• - Read this at SGinvestors.io -
• - Read this at SGinvestors.io -

The Positives

Hit annual S$3bn divestment target.

• Read more at SGinvestors.io.

Above is an excerpt from a report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full PDF report @ https://www.stocksbnb.com/.

Read also Phillip's most recent report:
2025-05-02 CapitaLand Investment - Resilience Anchored By Recurring Fees.

Previous report by Phillip:
2025-03-17 CapitaLand Investment - Next Phase Of Growth.

Price targets by 4 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