CapitaLand Investment (SGX:9CI) First Half 2024 Results

Key Financial Results

• Revenue: S$1.37b (up 1.5% from 1H 2023).

• Net income: S$331.0m (down 5.7% from 1H 2023).

• Profit margin: 24% (down from 26% in 1H 2023). The decrease in margin was driven by higher expenses.

• EPS: S$0.065 (down from S$0.069 in 1H 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

CapitaLand Investment Earnings Insights

Looking ahead, revenue is forecast to grow 8.2% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Singapore are expected to remain flat.

Performance of the Singaporean Real Estate industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

We should say that we've discovered 3 warning signs for CapitaLand Investment (2 are a bit unpleasant!) that you should be aware of before investing here.

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