CapLand Invest - She is gaining strength, likely to rise to test 2.70 than 2.78!
Pls dyodd.
Dividend of 12 cents will be credited to your bank account today - 10th May 2024. Hosey!
I have added quite a bit for CapLand Investment. Started accumulating at 3.01. I think only time will tell if the Investment is fruitful!
Pls dyodd.
Total revenue for 1Q24 was stable YoY at $650m
Fee income related business revenue was up 7% YoY to $274m.
Revenue composition continue to shift towards asset-light fee-based model
7.1B undrawn group cash facilities.
Operating cash flow of 198m.
The group achieved funds under management of S$100 billion.
It aims to grow this figure to S$200 billion by 2028 on the back of organic expansion and strategic inorganic initiatives, such as the selective pursuit of bolt-on or transformative mergers and acquisitions.
At 2.63, yield is about 4.56% of which I think is quite a decent yield level.
Pls dyodd.
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