- 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 the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
Adrian LOH UOB Kay Hian Research | https://research.uobkayhian.com/ 2024-11-07
Previous report by UOB:
2024-08-15 CapitaLand Investment - A Slight Miss For 1H24.
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
