Sporeshare
04-28

$CapitaLandInvest(9CI.SI)$  

 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.

https://www.spore-share.com/2024/04/have-added-quite-bit-for-capland.html

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Comments

  • icycrystal
    04-29
    icycrystal
    thanks for sharing. if am not mistaken, they started to give dividends only the last few years [Thinking] [Thinking] [Thinking]
    • icycrystalReplySporeshare
      really, I was looking at the tiger app profile, and it shows dividends given out only last few years. maybe tiger app didn't update
    • Sporeshare
      they handout dividend every year
  • ZebulonToynbee
    04-29
    ZebulonToynbee
    Aim to grow funds to $200 billion by 2028 is ambitious.
    • Sporeshare
      Indeed! meanwhile,  need to embrace the current higher interest rate environment
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