In FY2024, CLI divested assets worth $5.5 billion, which leaves its balance sheet with just $4.3 billion, including $3 billion worth of China assets slated for divestment.
CapitaLand Investments has reported lower FY2024 earnings that came in below the expectations of Paul Chew of PhillipCapital.
Yet, given how CLI has built up a stronger recurring income stream along with an improved ROE with a lighter balance sheet, Chew has maintained his "buy" call on this stock along with a higher target price of $3.65 from $3.38 previously.
