CapitaLand Investment - Chart wise, she will need to overcome the resistance at 3.03.
A nice breakout smoothly plus high volume we may likely see her reversing this downtrend and rises higher towards 3.20!
Pls dyodd.
Quote:
3rd quarter results update:
CapitaLand Investment (CLI) reported that it has exceeded its divestment target of $3 billion for 2024 including assets divested after the end of the third quarter.
Notably, it divested its 50% stake in ION Orchard to CapitaLand Integrated Commercial Trust (CICT) for $1.87 billion, which completed on Oct 30.
CLI also sold eight more US multifamily assets, bringing the total sales this year to 16 assets for $1.2 billion.
Additionally, CLI divested more than $600 million of assets across its fund vehicles in October (after the quarter ended). These include two lodging assets by Ascott Serviced Residence Global Fund, another three by CapitaLand Ascott Trust HMN(CLAS), and a business park by CapitaLand Ascendas REIT A17U(CLAR).
In total, CLI has divested $4.6 bilion in assets, of which its effective share is $4.1 billion. Of the $4.6 billion, 46% was divested to its REITs, 27% was divested to external parties by CLI, 16% was divested to private funds, and 11% was divested by the REITs to external parties. 62% of the divestment value was retained and converted into funds under management (FUM). Year-to-date up to Nov 5, CLI's FUM stands at $102 billion of which 72% is perpetual, 12% is more than five years, and 16% is less than five years. Out of the $102 billion, $39 billion of FUM are in private funds, and the rest in listed funds (REITs).
During the year, CLI managed to raise $1.6 billion of private capital, of which more than $900 million was raised since 3Q2024. On Nov 5, CLI raised $261 million from Mitsui O.S.K. Lines for the CapitaLand SEA Logistics Fund and the CapitaLand India Growth Fund.
No comments:
Post a Comment