CapitaLand Investment - OCBC Investment Research 2025-02-28: On The Hunt For Growth

Headline profit jumped 165% y-o-y but operating profit fell 10% in FY24.

• CapitaLand Investment’s FY24 revenue rose 1% y-o-y to S$2,815m, while headline PATMI surged 165% to S$479m. However, if we strip out gains/losses from divestments as well as revaluations and impairments, CapitaLand Investment’s operating PATMI came in at S$510m, representing a decline of 10% y-o-y and fell short of our below-consensus forecast of S$628m.

FUM grew 18% to S$117b in FY24 due in part to strategic M&A.

• Read more at SGinvestors.io.

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

Previous report by OCBC:
2024-11-25 CapitaLand Investment - Investor Day A Showcase Of Building Blocks For Future 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