CapitaLand Investment sank 7% on the announcement of its earnings. This is not something you typically see, especially for a Singapore blue chip stock. Since then, the stock price has rebounded slightly, although the company is still down 5.6%. So, what exactly happened? Let’s take a look at their business, but first here’s a quick intro: What does CapitaLand Investment do? CapitaLand Investment (CLI) is a new entity formed as a result of the restructuring of CapitaLand Limited, and it was listed on the SGX-ST on 20 September 2021. This transaction created one of Asia’s largest real estate investment managers (REIMs). Since then, the company has grown, with a 32% increase in share price (even after accounting for the drop). CLI’s business model consists of two key business platforms Fee-Income Related Business (FRB) and Real Estate Investment Business (REIB). 1) Fee-Income Related Business This division includes Listed Funds Management, Private Funds...