- 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 the excerpt from report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full report in PDF @ https://www.stocksbnb.com/.
Darren Chan Phillip Securities Research | http://www.poems.com.sg/ 2024-11-08
Read also Phillip's most recent report:
2024-11-26 CapitaLand Investment - Aiming To Double Operating Earnings & Fund Under Management.
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 Dividends & Corporate Actions,
CapitaLand Investment News Articles
