Star in the Sky
11-22

$CapitaLandInvest(9CI.SI)$  

CapitaLand warns of China divestment losses.

The company may incur “potential fair value or divestment losses” that impact near-medium term non-operating earnings.

Its current exposure to China is 27% of its S$113 billion in funds.

CapitaLand Investment’s management said in an analyst call earlier this month that it hopes to divest about S$1 billion in China this year, according to a Citigroup Nov 6 note, which added that it estimates the company has just sold about S$300 million so far.

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Comments

  • MaxGain
    11-26
    MaxGain
    27% exposure in China 🇨🇳, more than 27 billion dollar at risk and may go up in smokes. This smells really BAD. Might just be the start of a bankruptcy DOMINO EFFECT for the whole CapitaLand Group.
  • InvestToRetire
    11-26
    InvestToRetire
    Cut losses faster better. They seem to have more investments in India. So that is good. I believe divestment will be calculated so maybe short term pain and long term gain. The price today is crazy down overdone I think.
  • WeLian
    11-26
    WeLian

    Why share price drop so much today? 

  • ELI_59
    11-22
    ELI_59
    Happy Weekend 🌴🌴🌴
  • WeLian
    11-26
    WeLian

    Why share price drop so much today? 

  • ELI_59
    11-22
    ELI_59
    Thanks for sharing 🍀🍀🍀
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