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Capitaland Investment Starts Trading 20th Sept 21
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Joelton
Supreme |
29-Aug-2026 13:27
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CapitaLand Investment sharpens growth focus After a challenging two years, CapitaLand Investment (CLI) appears poised for growth. In 1HFY2026 ended June, operating patmi and total patmi rose 13% and 14% y-o-y, supported by rising recurring fee-related revenue (FRR). In the same period under review, FRR rose 20% y-o-y to $687 million, boosted by both higher recurring and event-driven fees from listed funds (CLI&rsquo s REITs) and improved fees from private funds. As at the end of June, funds under management (FUM) rose 2% to $128 billion from end-December 2025. &ldquo We want to position the company for growth. A large part of our growth is driven by the REIT business. We have eight REITs today. Obviously, the big REITs, CapitaLand Integrated Commercial Trust (CICT) and CapitaLand Ascendas REIT (CLAR), are always running at the front, driving transactions. We believe that will continue to be the case,&rdquo says Lee Chee Koon, group CEO, CLI, during a results briefing on Aug 13. These are also the two REITs that are trading above their respective net asset values (NAV). CLI sponsors seven listed REITs and a private REIT. To sharpen its focus on growth, CLI announced the proposed divestment of non-core assets of between $7 billion and $9 billion. These are mainly on-balance-sheet legacy assets. As a real asset manager, CLI owns properties through private funds, listed REITs and those on its balance sheet. It also owns operating platforms, including a global lodging platform (The Ascott Limited). CLI has a FUM target of $200 billion by 2028. However, its balance sheet still carries investment properties that it inherited in 2021 when CapitaLand split into CLI and CapitaLand Development (CLD). During the Aug 13 results briefing, group CFO Paul Tham said most of the $7 billion to $9 billion is from China, which accounts for two-thirds of the value. &ldquo It also includes other assets we have in the portfolio, whether in Singapore, India or Europe, which we would like to divest. It does include some excess REIT holdings, which is not new to any of you. We have always talked about holding about 15% in our REITs. For CLAR, we are already at 16%, so that is not a big change. If you look at our $8 billion of REIT units and if we were to average about 15% holding, that will bring us down to $6 billion, so there is a couple of billion there that can be returned.&rdquo Lee says: &ldquo We are setting up a dedicated team to look at selling down our stakes in the funds and balance sheet assets, including some of the smaller sub-scale strategies that were formed, because we want to focus on doing larger, scalable funds. What is encouraging is that we are having conversations with limited partners [LPs] who want us to deploy capital in a meaningful way through dedicated strategies. We need to make sure that we channel our resources correctly, sunset the smaller strategies, and focus on building the repeatable, bigger strategies with higher margins that can have a better flow-through to the bottom line.&rdquo Won&rsquo t impact REIT unit prices Tham reiterated that CLI is unlikely to do a dividend-in-specie, giving REIT units to CLI shareholders. &ldquo We will not do anything that would impact the REIT unit prices. We are not in urgent need to pare down the stakes,&rdquo he says. Despite these assurances, CICT&rsquo s unit price fell by more than 5.5% since Aug 13. Among the REITs, CICT is the jewel in the crown and CLI&rsquo s management is unlikely to change that. CICT is the largest REIT in Asia and the second-largest in Asia Pacific. Only Goodman Group, as a stapled security in Australia, is larger. Transurban, a toll road and infrastructure owner and operator, is not comparable. In 1HFY2026, CICT&rsquo s distributions per unit (DPU) grew by more than 7%, which exceeded estimates, and the growth was despite a larger unitholder base, which grew by 5.8% to 7.73 billion following the private placement of 336 million units used to fund the acquisition of Paragon, which was completed on July 1. Size gives CICT certain advantages, including the ability to develop assets. According to the Code on Collective Investment Schemes (CIS), the total contract value of property development activities undertaken and investments in uncompleted property developments should not exceed 10% of the property fund&rsquo s deposited property. This works out at $2.5 billion as at end-June, with CICT&rsquo s deposited properties including Asia Square Tower 2 but excluding Paragon, valued at $25 billion. CICT is a JV partner along with CLD and UOL Group in the acquisition of a government land sale (GLS) site for mixed use in Hougang Central. The net lettable area (NLA) for the commercial segment is 300,000 sq ft. In February, CICT&rsquo s manager said the REIT&rsquo s total development cost is likely to be around $1.1 billion, which will be drawn down progressively after construction begins. The yield on cost is projected to exceed 5% when the project is completed in 2030&ndash 2031. The CIS also stipulates that REITs can develop assets subject to a maximum of 25% of the REIT&rsquo s deposited property if the additional 15% is for an existing property subject to unitholder approval. That means CICT can redevelop any of its properties which would benefit from the URA&rsquo s Strategic Development Initiative (SDI) scheme. Capital Tower was once viewed as a candidate, but analysts say this is unlikely given Capital Tower&rsquo s importance to net property income (NPI) and DPU. At any rate, construction of a two-storey pavilion in front of Capital Tower starts in 3Q2026 and will be completed in 4Q2027. Separately, in August last year, CICT completed the acquisition of a 55% stake in CapitaSpring, which it did not previously own. On July 1, CICT acquired Paragon and will be divesting Asia Square Tower 2 to IOI Properties in 2H2026. CICT is trading at a premium to its NAV of $2.13. CICT&rsquo s manager has spaced out asset enhancement initiatives (AEIs) from now till 2028. Lot One&rsquo s AEI and Tampines Mall&rsquo s AEI will be completed in 1Q2027 and 3Q2026. The $160 million Plaza Singapura-Atrium@Orchard AEI starts in 3Q2026 and will be completed in 4Q2028. CLAR has had a more challenging time growing its DPU. In 1HFY2026, CLAR held DPU steady after a y-o-y decline in FY2025. Since FY2022, when CLAR&rsquo s DPU was 15.798 cents, DPU has fallen steadily in 2023, 2024 and 2025 to 15.005 cents. This year, CLAR should be able to match and perhaps exceed 2025&rsquo s DPU. During a results briefing, William Tay, CEO of CLAR&rsquo s manager, said CLAR&rsquo s organic growth, in terms of rental reversions and occupancy, should drive income. Meanwhile, two acquisitions to be completed in 2H2026 will become income-generating and the next six to 12 months will be very stable. Lee is focused on REITs trading at a discount to their NAV. These are CapitaLand Ascott Trust (CLAS), CapitaLand China Trust (CLCT), CapitaLand India Trust (CLINT), CapitaLand Malaysia Trust (CLMT), listed on Bursa Malaysia, and CapitaLand Commercial C-REIT, listed on the Shanghai Stock Exchange (see Table 1 on Page 12). &ldquo We have a handful of smaller REITs and we want to take a more active approach as a sponsor, to work more closely with the various REIT CEOs to improve the returns to all unitholders,&rdquo Lee says. He is particularly keen to &ldquo narrow the gap&rdquo between the REITs&rsquo trading prices and their net asset values. Indeed, Lee sees REITs trading below NAV as an opportunity. Among them, CLCT stands out at a P/NAV of 0.6 times and CLMT at a P/NAV of 0.63 times. &ldquo Most importantly for CLCT, we want the DPU to stabilise and for the share price to trade back up before we would do anything,&rdquo Tham says. &ldquo For the REITs are trading below NAV, I have asked Paul to help me look after the REITs, and to drive the REITs&rsquo growth in a very concerted and dedicated fashion,&rdquo Lee adds. CFO Tham says a few ideas are being considered. These include working with the REITs to help them find DPU-accretive acquisitions. &ldquo We are looking at the idea of &lsquo short-term warehousing&rsquo to rebuild the sponsor pipeline and working with the REITs so that they can find more DPU-accretive acquisitions. We are also looking at coming alongside some of our REITs for larger transactions, so the size is more manageable but also so that it creates a pipeline for them.&rdquo The REITs could also be an exit strategy for the fund portfolios. Still, market watchers caution CLI&rsquo s management may need to thread this needle carefully as past fund exits in other REITs have not been ideal for either LPs or unitholders. On July 25, CLI announced the establishment of the RMB3.15 billion ($595 million) China Commercial Private REIT (CCPR) with CapitaMall LuOne (a play on the word Luwan and located in the former French Concession in Shanghai) as the seed asset. &ldquo We announced our P-REIT a few days ago, where we raised RMB3 billion. This is important for us on two fronts. It grows our platform in China, where we are focused on building a renminbi-for-renminbi business, tapping domestic capital to grow. This also gives us another avenue to recycle out of some of our legacy assets, and the numbers will show up in 2HFY2026,&rdquo Tham says. Lee is also planning for CLI&rsquo s private funds team to work closely with the REITs &ldquo to provide liquidity for assets and portfolios that we like. That allows us to build up the private funds at the same time.&rdquo According to Andrew Lim, CLI&rsquo s group chief operating officer, a third component is having the private and public funds to work closely together. &ldquo We see this model happening in places like Australia, where you can combine products as long as the mandates are consistent and aligned, and no investor is disenfranchised. Once your interests are aligned, it doesn&rsquo t really matter where you draw your capital from, because you can still discharge your fiduciary duty. We see this as a unique selling feature for CLI, where we have REITs lined up with the verticals. Hospitality and living have a REIT logistics has a REIT and commercial has a REIT. These are big and strong REITs, with capital that they can deploy,&rdquo he says. For publicly listed REITs, DPU accretion is critical, Lim points out. &ldquo We can find a way to work together, where you can deliver DPU accretion in an orderly and predictable way, and that unitholders can see coming, even if it doesn&rsquo t happen immediately. That&rsquo s something we can do better as a house and we have quite a unique ability to do so because we have REITs and private equity lined up neatly under the verticals,&rdquo Lim adds. CICT completed the acquisition of Paragon on July 1. Raffles City: an integrated development owned by CICT that is instantly recognisable Growing FUM Fund flows into real estate have slowed as global asset management teams focus on AI and tech. &ldquo What we want is to focus on strategies that we can scale, like living, hospitality, our commercial management, office and retail. Several general partners (GPs) and LPs are stuck with a lot of their real estate positions that cannot find liquidity,&rdquo Lee says. He hopes to achieve the $200 billion fund under management (FUM) target by 2028. &ldquo Organically, we will not be able to achieve that. We need to do it by M& A. If we cannot find suitable M& A to make it work, then we have to delay the target. It has to make sense to investors,&rdquo Lee acknowledges. FUM is expensive, Lim points out. When asked if CLI plans to acquire FUM or a platform, Lim says, &ldquo If you&rsquo re paying a forward multiple, you have to be confident that the ability to continue to raise FUM is there, and we question that ability. So, we are being very circumspect about acquiring FUM.&rdquo However, CLI has operating capability around lodging, logistics, self-storage, and commercial. &ldquo These sectors require operating capabilities to generate alpha for investors, and our LPs are telling us this very clearly. If you are heading into an environment where your LPs are increasingly discerning and careful about how they are deploying capital, then as a GP, our ability to deliver alpha, to sweat our assets and bring operational expertise to the sectors that we have chosen is a fundamental ingredient in our narrative to LPs,&rdquo Lim explains. Lodging management ties very neatly to hospitality and living, Lim indicates. &ldquo Commercial management is hand-in-glove with everything that we are trying to do on the commercial side of the house. We have investments in interesting logistics platforms we have interesting platforms in self-storage,&rdquo he says, adding that platforms are more interesting (in terms of affordability) at this stage than just acquiring FUM. Will CLI list Ascott? Ascott is a core holding for CLI. &ldquo In the $7 billion to $9 billion, we have not included Ascott nor any of the operating platforms,&rdquo says Tham. Lee emphasises that Ascott is core. &ldquo Even if we bring in investors, it is still core because it helps us drive funds&rsquo performance and grow the REITs.&rdquo In a 2025 interview with The Edge Singapore, Lee said he would be open to listing Ascott in the future. &ldquo We are open-minded. We don&rsquo t mind bringing in investors who can help us further our M& A ambitions and strengthen distribution or capability. But it is an important part of our business, and we need it to help set up our new fund strategies. If you look at CLARA (CapitaLand Ascott Residence Asia Fund) II, many investors come in as LPs because of our operating capabilities, the data, our understanding of where people are staying, and average daily rates, so it helps our fundraising. We don&rsquo t need to own 100%,&rdquo he elaborates. Kevin Goh, CEO of Ascott, says: &ldquo Ascott has opened up its addressable market by taking on more sectors within lodging, from serviced apartments, resorts, full-service hotels, student accommodation, rental housing and F& B. We used to do just serviced apartments.&rdquo These segments have enabled Ascott to sign management contracts with full-service hotels and resorts, sectors it previously didn&rsquo t serve. To take a step back, Ascott is an asset-light management business in the mould of Hilton and Marriott, listed in New York InterContinental Hotels Group (IHG), listed on the London Stock Exchange and Accor, listed on Euronext. Instead of acting as traditional real estate owners, these companies function as brand managers, franchisors, and operators. Real estate developers, private equity funds, and/or publicly listed REITs own the real estate. In this model, Ascott avoids capex and associated debt. It generates income from fees such as franchise fees, management fees and loyalty programmes. The key advantage of such a model is high return on invested capital and scalability. &ldquo The recurring part of Ascott&rsquo s business is growing by 16% a year. We have about 1,000 properties right now. 60% are operational, 40% are coming online in the next three years,&rdquo says Goh. Year to date, Ascott signed on 40 hotels and serviced apartments and opened over 20 of them, he shares. &ldquo Once you have that growth, you gain operating leverage, which will naturally improve margins. That operating leverage will come from the 40% that&rsquo s not opened yet,&rdquo he adds. In 2023, Ascott set a target of $500 million in fee revenue by 2028. &ldquo If you include the 40% of signed contracts that are not yet open, we would have already exceeded the $500 million target. It is just a matter of time before the $500 million comes in. That is embedded revenue that will come in the next couple of years,&rdquo Goh says. More IPOs and China for China CLI&rsquo s next IPO is likely to be a second China REIT. On July 25, China Asset Management Commercial REIT officially received approval for registration from the China Securities Regulatory Commission (CSRC) and a letter of no objection from the Shanghai Stock Exchange. The initial assets will be Raffles City Shenzhen and CapitaLand Mall Fucheng in Mianyang, Sichuan. The total gross floor area of the assets is 340,046 sqm, the total asset valuation is approximately RMB4.811 billion and the planned fundraising is likely to be RMB3.873 billion. Geographically, Shenzhen needs no introduction. Mianyang is the second-largest city in Sichuan and home to the China Academy of Engineering Physics, an institution historically associated with China&rsquo s nuclear weapons programme, which is why the city is sometimes called China&rsquo s &ldquo city of science&rdquo . CapitaMall Fucheng is located in the core business district of Mianyang&rsquo s main urban area. The mall has maintained near-full occupancy for the past three years, with core indicators such as foot traffic, sales and net operating income showing healthy growth. Outside of China, India holds promise as a listing venue. The data centre trend is global. However, competitors such as Keppel, Digital Realty, NTT Data and Equinix abound. In India, though, CLI has an edge. &ldquo We have built a distinctive advantage in terms of our data centre platform in India. Kishore (Murjani) is helping assess our ability to get access to land and power. We want to convert that into a platform where we can bring in partners and raise capital around it as well. Another platform we consider is our India logistics platform, supported by a strong JV partner. I think there is an interesting opportunity for us to convert that into a platform and to really scale up very significantly in India,&rdquo Lee says. Investors in CLI can be comforted that, if the $7 billion to $9 billion is not fully used for acquisitions, management would prefer to distribute some as a special dividend to shareholders. CapitaMall LuOne is in CLI' s China Commercial Private REIT Raffles City Shenzhen will be the seed asset in a new listed C-REIT |
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Joelton
Supreme |
29-Aug-2026 13:26
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CLI' s 1HFY2026 operating patmi and patmi results above expectations CapitaLand Investment&rsquo s (CLI) stated business strategy is to increasingly rely on fee-based revenue from its listed and private REITs, private funds, commercial management, and lodging, rather than its real estate investment business (and development) that the old CapitaLand leaned on. In 1HFY2026, fee-related revenue (FRR) rose by 20% y-o-y to $687 million. Still, total revenue fell 2% as the real estate investment business (REIB) fell by 24% to $392 million, mainly due to the absence of contributions from divestments and deconsolidation. This includes a housing platform named Synergy within The Ascott Limited. &ldquo Things are moving directionally how we are hoping for on the revenue side, and similarly on the profit side,&rdquo notes Paul Tham, group CFO, CLI. CLI&rsquo s operating profit rose 13% y-o-y, driven by the fee business. The listed REITs had more than $10 billion in transactions across four REITs &mdash CLAS (CapitaLand Ascott Trust), CapitaLand India Trust (CLINT), CapitaLand Ascendas REIT (CLAR) and, of course, CapitaLand Integrated Commercial Trust (CICT). CICT announced transactions that will complete in 2H2026. &ldquo Four of our eight REITs raised equity and five of the REITs were active on transactions in 1H2026. This is not repeatable h-o-h,&rdquo Tham cautions. Nonetheless, as management of both CLAR and CICT have indicated, transactions and asset enhancement initiatives are likely to convert into recurring income in 2H. The uplift in revenue in CLI&rsquo s private funds came from the acquisition of Wingate last year. Private funds driven by Asia Pacific Credit II are starting to contribute higher revenues, Tham indicates. &ldquo We expect that there will be a little bit more in terms of performance fees and one-offs in the second half.&rdquo Some credit fund fees include deal structuring, he indicates. In 1H2026, commercial management fees rose 6% y-o-y due to improved leasing and better property performance. Margins also improved. CLI has started publishing net property income margins this year. On the REIB side, CLI sold a Singapore logistics asset, an industrial asset and some stakes from its China portfolio. CLI has no refinancing to do this year. In 1H2026, the cost of debt fell by around 40 basis points h-o-h. &ldquo We expect cost of debt in 2H2026 to be about this range, maybe down slightly. Part of that mix was because we have paid off some of the other currencies. We have got our Singapore float, which is still holding at a very low rate. If that doesn&rsquo t move up, we would see some of the same savings in the second half,&rdquo Tham says. JP Morgan is overweight on CLI with a Jun 2027 price target of $3.10. &ldquo As a leading real estate investment manager with funds under management (FUM) of over $120 billion, we believe CLI is well-positioned to take advantage of tailwinds from the growing demand for real estate investments. We project FUM growth of 6% p.a. Additionally, the lodging business should benefit from a pipeline of 176,000 lodging units being converted into operating lodging units under management. This should translate to a healthy 2%&ndash 3% CAGR in patmi over the next three years,&rdquo note Mervin Song and Terence Khi, real estate and real asset managers&rsquo analysts at JP Morgan. The price target of $3.10 is based on a sum-of-parts valuation consisting of 16 times Enterprise value/Ebitda (EV/Ebitda) multiple for its asset management business in line with peers 15 times EV/Ebitda multiple for the lodging business $8.5 billion for its stakes in various S-REITs at their fair values $6 billion for its stakes in various unlisted funds and $3 billion for CLI&rsquo s investment portfolio inclusive of potential asset sales. |
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Delvyss
Elite |
21-Aug-2026 08:56
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CapitaLand, IOI near deal for $2.4 bil office - Bloomberghttps://sg.finance.yahoo.com/news/capitaland-ioi-near-deal-2-025141013.html |
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Joelton
Supreme |
14-Aug-2026 09:44
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CapitaLand Investment to restructure portfolio, recycle up to S$9 billion [SINGAPORE] CapitaLand Investment : 9CI +0.73% is undertaking a portfolio restructuring with up to S$9 billion of non-core and legacy assets earmarked for capital recycling, as it focuses on growing its listed and private funds businesses, and lightening its balance sheet. &ldquo Since our 2021 transformation, we still have a fairly large balance sheet because a lot of it consists of legacy assets: joint venture funds and development funds created when CapitaLand was still a developer,&rdquo said group CEO Lee Chee Koon at an earnings briefing on Thursday (Aug 13). The portfolio reorganisation will also see CLI reducing its &ldquo excess holdings&rdquo in some of its bigger real estate investment trusts (Reits), such as CapitaLand Integrated Commercial Trust (CICT), which holds a mix of prime office and retail assets, and the industrial-focused CapitaLand Ascendas Reit (Clar). CLI will retain its listed and private funds as its core business, supported by key operating capabilities in commercial and lodging management. Non-core holdings to be hived off include legacy funds and balance sheet assets in markets such as China, Singapore, India and Europe, as well as non-strategic holdings in CLI-managed Reits and private funds. Group chief financial officer Paul Tham said the majority of the S$7 billion to S$9 billion in value targeted for capital recycling comprises balance-sheet and legacy fund investments, the bulk of which is from China. It also includes some assets in Singapore, India and Europe. About 30 to 40 per cent would come from its sub-scale private funds and the remainder from excess holdings in its Reits and platforms. Speaking to the media on the sidelines of the briefing, Lee said CLI will also focus on reducing its stakes in its larger Reits. CLI has targeted a sponsor stake of about 15 per cent in its Reits. The group currently holds a 20 per cent stake in CICT and 16 per cent stake in Clar. Reducing its stakes to an average of 15 per cent across some S$8 billion of Reit units could improve the Reits&rsquo free float and daily trading volumes, while freeing up &ldquo a couple of billion dollars&rdquo in capital, said Tham. &ldquo Freed up capital would likely go into reinvestment for growth &ndash there are a lot of opportunities in living and credit... We&rsquo d also like to pay down some debt. But I&rsquo d imagine at least a third could go towards returning capital to shareholders.&rdquo Citi analyst Brandon Lee believes the legacy funds are largely China retail and mixed-use assets, while the balance-sheet investments are mainly in China. He also expects the non-strategic Reit holdings to include CapitaLand Ascott Trust (25 per cent stake), CapitaLand China Trust (25 per cent), CapitaLand India Trust (23 per cent) and CapitaLand Malaysia Trust (37 per cent), alongside investments in private funds. CLI has yet to determine a timeline for its asset divestment programme, and will provide more details at its upcoming investor day. A dedicated team is being set up to sell down CLI&rsquo s stakes in funds and balance sheet assets, as well as wind down smaller, sub-scale strategies, said Lee Chee Koon. &ldquo We are in conversations with various LPs (limited partners) that want us to focus on deploying capital meaningfully in dedicated strategies, so we need to sunset smaller strategies and channel resources to building repeatable, higher-margin ones with better flow-through to the bottom line.&rdquo For the first half ended June, CLI posted a net profit of S$327 million, up 14 per cent from S$287 million in the year-ago period. This was driven by higher fee income from its listed and private funds management platforms. Revenue fell 2 per cent to about S$1.02 billion, from S$1.04 billion previously mainly due to the absence of contributions from divested assets and deconsolidation, partially offset by higher fees from its fee income-related business. Ascott&rsquo s fee-related business grew 4 per cent year on year, led by higher performance of existing properties and contributions from new assets. Lee said the hospitality arm&rsquo s steady performance has attracted interest from investors and LPs. &ldquo We don&rsquo t mind bringing in investors that can help further the (mergers and acquisitions) ambitions and strengthen the distribution or the capability of Ascott, so we are totally open-minded about that.&rdquo Still, Ascott remains an &ldquo important part&rdquo of CLI&rsquo s business to &ldquo help it to set up new fund strategies&rdquo . The potential paring down of stakes in the lodging arm would not be part of CLI&rsquo s plan to monetise its non-core assets. Bloomberg Intelligence (BI) expects the group&rsquo s operating earnings before interest, taxes, depreciation and amortisation (Ebitda) to rise year on year in H2, driven mainly by its fee-related business, although this could be partly offset by lower profit from its real estate investment arm as the group advances its asset-light strategy. Operating Ebitda from the fee-related business rose 30 per cent in H1, with further growth expected from listed and private funds management, BI noted. It added that CLI&rsquo s lodging business also has room to expand, with 40 per cent of its portfolio in the pipeline and expected to become operational over the next three years. For H1, listed funds recorded a 45 per cent year-on-year increase in fee revenue to S$224 million, from about S$10.6 billion of transactions, while private funds fee revenue jumped 59 per cent to S$92 million, driven by the acquisition of real estate private credit platform Wingate last year. The group plans to accelerate the expansion of its Reit franchise through accretive acquisitions, portfolio rejuvenation and capital market initiatives, while developing new listed vehicles across asset classes and geographies. Tham said CLI is considering &ldquo short-term warehousing&rdquo , or temporarily holding acquisitions on its balance sheet before transferring them to its Reits, while also working with the Reits to find DPU-accretive acquisitions and co-investing alongside them on larger deals. CLI will prioritise its commercial, living, self-storage and credit strategies, while rationalising smaller, sub-scale funds that it does not see the potential to scale meaningfully. It also sees opportunities to grow through separately managed accounts, amid interest from global institutional investors seeking Asia-Pacific-focused strategies. Private credit will also be a priority for potential mergers and acquisitions, Lee told the media. He added that CLI&rsquo s second credit fund was oversubscribed, and that the group is working on its third as it explores opportunities with multiple parties. Shares of CLI ended Thursday 0.7 per cent or S$0.02 higher at S$2.75, after the release of its results. |
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Joelton
Supreme |
12-Aug-2026 12:18
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Hsieh Fu Hua joins CapitaLand Investment' s board as deputy chairman Former SGX CEO Hsieh Fu Hua is joining the board of CapitaLand Investment as deputy chairman. Hsieh, 75, will also be a member of the board' s executive and sustainability committee, the executive resource and compensation committee, and the nominating committee. " His appointment enhances the Board' s breadth of experience across financial markets, investment management, corporate governance and organisational leadership, further strengthening CLI&rsquo s ability to execute its strategic priorities and scale its global funds management business," reads CLI' s announcement. CLI chairman Miguel Ko calls Hsieh a " highly respected" business leader with extensive board and capital markets experience. " His strategic insight, independent perspectives and boardroom experience will further strengthen the Board as we advance our growth agenda, execute our strategic priorities and deliver long-term value," adds Ko. Hsieh notes that CLI has built a strong foundation as a real asset manager. " With its global reach, strong capital partnerships and proven track record across its key sectors, the Company has significant opportunities to further scale its fund management franchise. " I look forward to working with the Board and management team as CLI advances its growth ambitions and expands its global real asset management platform," he adds. Hsieh holds numerous positions, including co-founder and advisor to the PrimePartners Group and chairman of GXS Bank. He is also a director of GIC and is also chairman of the National University of Singapore and WWF Singapore. Previously, besides SGX, he was president of Temasek Holdings. He was also chairman of UOB, Tiger Airways, Asia Capital Reinsurance Group and Eastspring Investments Group. Following Hsieh&rsquo s appointment, which will take effect on Aug 12, CLI&rsquo s board will comprise 12 directors, nine of whom are independent. CLI shares closed at $2.72, up 1.12% for the day, down 0.73% year to date. |
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FATABA
Supreme |
05-Aug-2026 13:17
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Since last wed posting ....it has climb up slowly to 2.77 now. Result is next Thur 13th .....AUM should grow . DYODD
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Boatman
Master |
31-Jul-2026 14:08
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moving | ||
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Delvyss
Elite |
31-Jul-2026 13:36
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https://www.investing.com/indices/indices-futures | ||
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Boatman
Master |
31-Jul-2026 09:53
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ogogogog $4 | ||
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Alignment
Elite |
30-Jul-2026 15:14
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Worth focusing on what a merger structure would look like for CLI shareholders rather than HR issues given its the most pertinent issue in the end. I see two options: 1) A straight acquisition of CLI by Mapletree/Temasek, if Temasek wanted to consign the mixed CLI post IPO share price performance to history and start over, and also take the chance to buy CLI relatively cheaply. They would then need to offer a number that was attractive to both buyer and seller. Perhaps a small premium to the $2.95 IPO price that saves faces? 2) An acquisition of Mapletree by CLI. CLI would then be issuing new CLI shares to Temasek. Doing this would avoid Temasek directly shelling out new money. But independent CLI shareholders won' t vote this through unless there was something big in it for them (us) as well. So I would expect to see a sizable special dividend proposal to CLI (excluding to Temasek) concurrent with the new share issue to make us vote in favour |
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FATABA
Supreme |
29-Jul-2026 14:49
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The merger maybe stalled.....or was it pass on to the top : LOL High 15M volume with price increase. Certainly it is worth far more then the 1X book value . DYODD> |
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Boatman
Master |
29-Jul-2026 14:14
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Chiong la | ||
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Boatman
Master |
29-Jul-2026 10:04
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Bb lai leh | ||
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Boatman
Master |
29-Jul-2026 09:47
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$3 | ||
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Boatman
Master |
29-Jul-2026 09:42
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Lets to cli | ||
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Boatman
Master |
29-Jul-2026 09:39
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Hope on the boat now | ||
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Battle123
Elite |
28-Jul-2026 17:02
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will it hit 270 soonz ? |
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seanpent
Supreme |
28-Jul-2026 10:02
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Stalled :- The word stall implies stopping something that will start again :) https://www.vocabulary.com/dictionary/stall#:~:text=The%20word%20stall%20implies%20stopping,sense%20of%20postpone%20or%20delay. |
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Louistan
Senior |
28-Jul-2026 09:58
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Why is CLI flying today? Temasek made any statement about their stand on a merger?
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halleluyah
Supreme |
28-Jul-2026 09:18
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hope fr gd news.... | ||
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