CapitaLand Investment - UOB Kay Hian 2024-11-07: Executing Well Operationally But Cautious On 2025

CapitaLand Investment - Executing Well Operationally But Cautious On 2025

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CapitaLand Investment (SGX:9CI) | SGinvestors.io
  • Although CapitaLand Investment is performing well on the operational front, the company reported a weaker-than-expected quarter with 9M24 revenue of S$2.26b which was stable on a y-o-y basis and made up 72% of our full-year estimate.

Easily exceeding its capital recycling target.

  • - Read this at SGinvestors.io -
  • During yesterday’s 3Q24 briefing, CapitaLand Investment stated that will remain very active until the end of December with a couple of projects that could potentially complete by then. The company reiterated its plan to lower its leverage thus providing it with fuel for new funds and M&As.

Operation highlights

  • - Read this at SGinvestors.io -
  • CapitaLand Investment has signed up >10,200 units in 9M24 (1Q23: 9,500 units) and opened more than 7,200 units in the same period (1Q23: 6,200 units).

China – positive news on the asset recycling front but continues to be tough operationally.

  • 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/.



Adrian LOH UOB Kay Hian Research | https://research.uobkayhian.com/ 2024-11-07



Read also UOB's most recent report:
2025-03-03 CapitaLand Investment - 2024 Results Weaker-than-expected, Outlook Remains Robust. .

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






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