🌟🌟🌟I am watching $CapitaLandInvest(9CI.SG)closely and wonder why a 14% profit increase to SGD 327 million still result in fall in its stock price.
While the net profit rose, total revenue actually fell 2% to SGD 1.02 billion. Revenue from their direct Real Estate Investment business dropped by 24%. This is because CLI is executing an asset light strategy by divesting its heavy, legacy corporate housing platforms and building to recycle cash.
Management announced that they are divesting SGD 7 billion to SGD 9 billion worth of legacy non core assets.
Is Capitaland Investment a buy?
Yes CLI is a compelling Long Term Buy for patient value investors. It is Singapore's largest real estate manager and majority owned by Temasek Holdings.
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