Star in the Sky
11-22 17:11

$CapitaLandInvest(9CI.SI)$  

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

  • ELI_59
    11-22 17:26
    ELI_59
    Happy Weekend 🌴🌴🌴
  • ELI_59
    11-22 17:25
    ELI_59
    Thanks for sharing 🍀🍀🍀
  • ELI_59
    11-22 17:26
    ELI_59

    Great article, would you like to share it?

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