CapitaLand Investment - FY results is out! Resilient 2023 Cash PATMI of 781m. Proposed final dividend of 12 cents. FY net profit is down 79.0% y-o-y to $181 million from $861 million in FY2022 mainly due to revaluation of assets in China.
Operating Patmi declined by 7% y-o-y to $568 million, mainly due to higher interest expense, lower contribution from China
Overall revenue declined by 3.2% y-o-y to $2.78 billion from $2.88 billion last year.
Fee income-related businesses (FRB) revenue, which have been providing strong recurring contributions to the group’s overall returns y-o-y, gained 9% to $1.07 billion from $984 million a year ago.
CapitaLand Investment(9CI.SI) - She has a nice rebound from 2.80 and rises higher to touch 2.95, looks like Bull is in control! Pls take note!
Short term wise, I think likely to rise up to retest 2.95 ! A nice breakout smoothly may likely see her rising up towards 3.00 than 3.03.
Pls dyodd.
CapitaLand Investment (9CI.SI) - I think boatvis back! At 2.82 , yield is quite decent at 4.26...