Shares & Derivatives
CapitaLand Investment Reported 29% Revenue Growth: 5 Highlights from the Property Giant’s Latest Earnings
By The Smart Investor  •  August 14, 2022
CapitaLand Investment Limited (SGX: 9CI), or CLI, has released an encouraging set of numbers for its fiscal 2022’s first half (1H2022) earnings. The group is moving further along with its capital recycling target and is also closer to achieving its objective for its lodging management unit. As a recap, CLI was spun out from Capitaland Limited in a demerger that saw the latter’s development unit privatised under Temasek Holdings. The property investment giant’s latest report card shows good progress on several fronts and highlights the group’s commitment to building up its recurring income streams. Here are five highlights from CLI’s earnings that investors should take to heart. 1. A jump in core net profit Revenue for the group grew 29.1% year on year to S$1.35 billion, aided by increases in fee income from CLI’s fund and lodging management divisions. The property group’s lodging division also saw better contributions while its retail properties in both Singapore and Malaysia posted a...
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
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