Tailwind arrives for CapitaLand Investment

Goola Warden
Goola Warden3/24/2022 02:43 PM GMT+08  • 12 min read
Tailwind arrives for CapitaLand Investment
CapitaLand Investment's tailwind should support higher AUM and earnings, analysts say
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Shareholders of CapitaLand Investment (CLI) must be breathing sighs of relief at the performance of the stock and CLI’s results for FY2021 ended December 2021. Excluding the 15 cents dividend, CLI’s share price is up some 11.5% year to date. Since the listing of CLI at $2.95 on Sept 20 last year, its share price is up 31.5%.

Geographically, CLI’s earnings are a lot more diversified than the old CapitaLand. For instance, in FY2021, 36% of ebitda was from developed markets excluding Singapore, 33% from Singapore, 28% from China, and 3% from emerging markets.

The old CapitaLand was heavy on residential development, retail malls and integrated developments, with many of these in China. CapitaLand’s previous management was focused on a high exposure to China. The target was Singapore and China contributing 80% to assets and earnings.

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