Wednesday, November 8, 2023

CapitaLand Investment (9CI.SI) - 3rd quarter results update is out! Gross Revenue is slightly down 3% to 2b. Net income fee increase 9% to 799m, Hosey! Dividend is sustainable!

  YTD2023 revenue dropped slightly 3% YOY to $2bn. 

— Real estate investment business down 8% to $1.44bn, but fee-income related business income up 9% to $799m

— net debt / equity 0.55x with implied interest cost at 3.9%

— Capital Recycling Steady But Slower Than Prior Years; Healthy Balance Sheet Positioned for Growth.

I think dividend of 12 to 15 cents is sustainable! 

Yield is about 4 to 5 %.

Huat ah!

Please dyodd.

No comments:

Post a Comment