Morgan Stanley hosted CEO Mr Lee Chee Koon and senior managers for an investor meeting.

Key takeaways

CapitaLand is working towards double-digit ROE from current 8% Leveraging on technology to improve productivity and tenant connectivity across mall, office and serviced residence properties Optimistic on Vietnam with contributions rising to S$100m by 2020 Pearl Bank Apartment and Sengkang Central launching in 2019 Steady growth in Ascott

ROE targets

CapitaLand exceeded their 8% ROE target in 2017 and aims to do so again this year. ROE therefore remains the primary focus of the group, with a double-digit target over the long term.

To achieve the target, management is aiming to actively recycle capital and divest S$3bn of assets every year.

In that regard, China malls in tier 3 cities and US multifamily assets are slated to be divested into funds.

Management also believes that the property …