- 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.
