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Considering buying 2 to 3 lots this coming week for investment.
Dividend : 12 cents (Ex-dividend : 4 May, Payment: 14 May)
Dividend : 12 cents (Ex-dividend : 4 May, Payment: 14 May)
2025 Annual Report
https://links.sgx.com/1.0.0/corporate-announcements/HROO9CGRX120MTCE/881700_CLI%20-%20AR%202025.pdf
All stars seems to be aligned, pending 5/20 EMA crossover to confirm entry.
CapitaLand Investment to speed up divestments, capital recycling in China portfolio
Market softness in China triggers higher revaluation losses in FY2025
[SINGAPORE] CapitaLand Investment (CLI) plans to accelerate its capital recycling efforts and is evaluating &ldquo structural solutions&rdquo for its assets in China, the asset management group said in its annual report released on Thursday (Apr 2).
&ldquo As we continue to drive capital efficiency, we will accelerate divestments, while maintaining disciplined and value-accretive deployment,&rdquo said chairman Miguel Ko and group chief executive officer Lee Chee Koon in their joint letter to shareholders.
The group reported S$3.1 billion in gross divestments for the financial year ended Dec 31, 2025, a significant decline from the S$5.5 billion achieved the year prior.
CLI attributed the slower pace to softer market conditions and &ldquo a higher concentration of remaining assets in China&rdquo .
Significant non-cash revaluation losses within its China portfolio pushed CLI&rsquo s full-year overall revaluation loss in FY2025 to S$439 million, widening from FY2024&rsquo s S$261 million.
Recycling China assets
To counter these headwinds, CLI is leaning into its &ldquo domestic-for-domestic&rdquo strategy in China.
The group noted that it listed its maiden retail China real estate investment trust (C-Reit) on the Shanghai Stock Exchange in September 2025 and launched its first onshore RMB Master Fund with a domestic insurance partner.
These initiatives have created &ldquo scalable pathways&rdquo to recycle balance sheet assets into domestically funded vehicles.
A planned second C-Reit, which will include commercial assets such as offices and hospitality, will provide a fresh domestic channel to &ldquo facilitate the recycling of China assets alongside direct divestments&rdquo of China assets from its balance sheet.
The 15-storey Bugis Junction Towers is part of an integrated mixed-use development on a site with a balance lease of about 63.5 years.
Bugis Junction Towers put on the market at S$685 million valuation
Evolving market valuations and improving liquidity in China&rsquo s domestic capital markets &ldquo have created a more conducive environment&rdquo for deals.
&ldquo We will accelerate capital recycling, including evaluating portfolio and structural solutions for our China assets,&rdquo the letter read.
At CLI&rsquo s last earnings briefing on Feb 11, CLI group chief financial officer Paul Tham said that over the past five years, China valuations were down about S$1.6 billion from cumulative write-downs, with an average decrease of 12 per cent.
In FY2025, the valuation of CLI&rsquo s China assets was down 5 per cent or S$545 million, with offices and business parks hardest hit.
Fundraising strength, core performance
Despite the valuation drag from China, the group raised S$6.5 billion in total equity in FY2025, nearly doubling the S$3.3 billion raised in FY2024. Of this, S$4.9 billion was secured through private funds and S$1.6 billion via listed funds.
Funds under management (FUM) grew nearly 7 per cent year on year to S$125 billion, underpinned by larger follow-on funds and strategic investments in Wingate and SC Capital Partners. The group remains on track to hit its S$200 billion FUM target by 2028.
While net profit fell to S$145 million from S$479 million due to the China revaluation losses, CLI&rsquo s operating net profit &ndash which reflects recurring business performance &ndash rose about 6 per cent to S$539 million.
Lee&rsquo s pay package for FY2025 stands at S$5.1 million, down from S$5.4 million the previous year.
His remuneration included S$1.8 million in deferred compensation awards, representing 36 per cent of his total package.
The award comprises contingent performance share awards, subject to pre-determined performance conditions over a three-year vesting period.
It also includes the second and third tranches of deferred shares to be granted under a restricted share plan in FY2026 as part of CLI&rsquo s FY2025 performance bonus, which will vest over three equal annual tranches and be delivered in FY2027 and FY2028.
Meanwhile, Ko will be paid an all-inclusive fee of S$763,467 for the financial year, an increase from last year&rsquo s S$760,231.
The group highlighted that its listed Reits and business trusts remain a cornerstone of its platform, with Singapore-listed funds delivering total unitholder returns of between 15.6 and 29.9 per cent in 2025, generally outperforming the FTSE ST Reit Index.
Looking ahead, CLI said it would continue to evaluate new opportunities, including potential Reit listings in strategic markets, to further strengthen its earnings resilience.
The group proposed a core dividend of S$0.12 per share for the year, consistent with its core payout for the previous year.
Broken the 200 EMA and starting to slope down - not a good sign
No sign of trend reversal yet, could be on its way to test the support lines (blue, red)
No sign of trend reversal yet, could be on its way to test the support lines (blue, red)
Ling9345 ( Date: 27-Mar-2026 12:00) Posted:
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Ling9345 ( Date: 06-Nov-2025 20:53) Posted:
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Ling9345 ( Date: 06-Nov-2025 21:59) Posted:
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Presently, if offers a good entry price, with an upcoming 12 cts dividend and a very likely merger with Mapletree.
Ling9345 ( Date: 27-Mar-2026 12:00) Posted:
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$3 I waiting
Ling9345 ( Date: 16-Mar-2026 18:42) Posted:
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$3 is coming soon.just add in
Singapore has been included in the target countries the US is reviewing for unfair trade practices announced today.
More uncertainty for Singapore inc.
More uncertainty for Singapore inc.
CapitaLand Development debuts strata-titled &lsquo waterfront food hub&rsquo Gourmet Xchange
CapitaLand Development (CLD) has unveiled Gourmet Xchange, Singapore' s largest strata-titled food facility and the first integrated waterfront food hub in Kallang.
The 33-year leasehold development comprises two clusters, with 264 units in a nine-storey block and eight terraced units in a three-storey heritage block. The latter is an adaptive reuse of the original three-storey terraced factory built in the 1980s, marking the first industrial Government Land Sales site with adaptive reuse.
There are 210 standard units measuring 295 sqm to 393 sqm, 45 deluxe units measuring 570 sqm to 758 sqm and eight stacks in the heritage terrace, measuring 598 sqm to 753 sqm.
The food factory in the Kolam Ayer industrial estate features high-capacity infrastructure, including large contiguous spaces ranging from 3,000 sq ft to 7,000 sq ft &mdash over twice the size of typical small industrial units, according to CLD, the unlisted development arm of the CapitaLand Group.
The development sits on a 44,108 sqm plot and can accommodate a wide range of business models, says CLD &mdash from production facilities, central kitchens and cloud kitchens to storage and distribution operators, F& B outlets and food innovation players.
&ldquo Gourmet Xchange is the first development to extend food factory functionality beyond traditional B2B operations, encompassing food kiosks, restaurants and the possibility to convert selected production units to consumer-oriented showrooms, subject to approval,&rdquo reads CLD&rsquo s announcement. &ldquo These public-facing functions enable brands to produce, distribute and engage directly with customers from a single integrated hub.&rdquo
Designed by Point Architects, the facility&rsquo s flexibility allows businesses to scale within the same hub, supporting long-term growth, says CLD. Its specifications make it ideal for international food companies anchoring regional operations and Southeast Asia distribution in Singapore, adds CLD.
Purpose-built to support modern food manufacturing, Gourmet Xchange offers production-ready environments engineered for operational efficiency and scalability. Its prime central location enhances excellent island-wide connectivity, with proximity to the workforce, customers, and critical logistics infrastructure. Well-served by four major expressways and within walking distance to three MRT stations, Gourmet Xchange is less than 20 minutes away from Singapore' s CBD and key F& B clusters in the east. This connectivity supports businesses in attracting talent, optimising distribution networks and responding efficiently to demand, advancing Singapore&rsquo s priorities to transform workforce productivity and strengthen national food resilience.
By bringing food production closer to where people live, work, and connect, the development reflects Singapore' s evolution towards centrally located industrial spaces that support both economic activity and everyday urban life.
Gourmet Xchange is the first strata-titled food development in Singapore to achieve the Building and Construction Authority' s (BCA) top-tier Green Mark Platinum Super Low Energy (SLE) certification, with the Whole Life Carbon and Maintainability Badges.
The Gourmet Xchange sales gallery is open daily from 10am to 6pm and sales booking will begin on March 13.
CapitaLand Development (CLD) has unveiled Gourmet Xchange, Singapore' s largest strata-titled food facility and the first integrated waterfront food hub in Kallang.
The 33-year leasehold development comprises two clusters, with 264 units in a nine-storey block and eight terraced units in a three-storey heritage block. The latter is an adaptive reuse of the original three-storey terraced factory built in the 1980s, marking the first industrial Government Land Sales site with adaptive reuse.
There are 210 standard units measuring 295 sqm to 393 sqm, 45 deluxe units measuring 570 sqm to 758 sqm and eight stacks in the heritage terrace, measuring 598 sqm to 753 sqm.
The food factory in the Kolam Ayer industrial estate features high-capacity infrastructure, including large contiguous spaces ranging from 3,000 sq ft to 7,000 sq ft &mdash over twice the size of typical small industrial units, according to CLD, the unlisted development arm of the CapitaLand Group.
The development sits on a 44,108 sqm plot and can accommodate a wide range of business models, says CLD &mdash from production facilities, central kitchens and cloud kitchens to storage and distribution operators, F& B outlets and food innovation players.
&ldquo Gourmet Xchange is the first development to extend food factory functionality beyond traditional B2B operations, encompassing food kiosks, restaurants and the possibility to convert selected production units to consumer-oriented showrooms, subject to approval,&rdquo reads CLD&rsquo s announcement. &ldquo These public-facing functions enable brands to produce, distribute and engage directly with customers from a single integrated hub.&rdquo
Designed by Point Architects, the facility&rsquo s flexibility allows businesses to scale within the same hub, supporting long-term growth, says CLD. Its specifications make it ideal for international food companies anchoring regional operations and Southeast Asia distribution in Singapore, adds CLD.
Purpose-built to support modern food manufacturing, Gourmet Xchange offers production-ready environments engineered for operational efficiency and scalability. Its prime central location enhances excellent island-wide connectivity, with proximity to the workforce, customers, and critical logistics infrastructure. Well-served by four major expressways and within walking distance to three MRT stations, Gourmet Xchange is less than 20 minutes away from Singapore' s CBD and key F& B clusters in the east. This connectivity supports businesses in attracting talent, optimising distribution networks and responding efficiently to demand, advancing Singapore&rsquo s priorities to transform workforce productivity and strengthen national food resilience.
By bringing food production closer to where people live, work, and connect, the development reflects Singapore' s evolution towards centrally located industrial spaces that support both economic activity and everyday urban life.
Gourmet Xchange is the first strata-titled food development in Singapore to achieve the Building and Construction Authority' s (BCA) top-tier Green Mark Platinum Super Low Energy (SLE) certification, with the Whole Life Carbon and Maintainability Badges.
The Gourmet Xchange sales gallery is open daily from 10am to 6pm and sales booking will begin on March 13.
With geopolitical circumstances, and thus for cost efficiencies, TH may consider reviewing if to bring forward any merger plan?
Louistan ( Date: 20-Feb-2026 18:24) Posted:
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Capitaland Investment dragged into red by China asset losses: What are the hits and misses?
Over the past five years, valuations of its assets in the country were down about S$1.6 billion
[SINGAPORE] CapitaLand Investment (CLI) was dragged into the red for the second half of 2025, as China&rsquo s property woes continue to hit companies with exposure there.
For the six months ended December, one of Asia&rsquo s biggest property groups reported a net loss of S$142 million, reversing from a S$148 million profit a year earlier.
The loss was driven primarily by significant non-cash revaluation losses within its China portfolio that pushed full-year overall revaluation loss to S$439 million, up 68.2 per cent from 2024&rsquo s S$261 million.
Over the past five years, China valuations were down about S$1.6 billion from cumulative write-downs, with an average decrease of 12 per cent, CLI group chief financial officer Paul Tham said at the company&rsquo s latest earnings last week.
In the past financial year alone, the valuation of CLI&rsquo s China assets was down 5 per cent or S$545 million, with offices and business parks hardest hit, said Tham. This came amid challenging market conditions, which continued to weigh on rental rates and occupancies.
China&rsquo s property market has been in a downward spiral since 2020, when the government introduced &ldquo three red lines&rdquo as a key part of Beijing&rsquo s attempt to clamp down on a housing boom.
The measures worsened a credit crunch and ultimately triggered around US$130 billion of defaults.
China Evergrande, once the country&rsquo s largest developer, was ordered to liquidate in 2024. Country Garden, another big name, recently completed a restructuring of its offshore debt.
Vanke, one of China&rsquo s best-known real estate developers, with a crushing US$50 billion in debt, has also been at the centre of the country&rsquo s protracted property sector crisis.
Property investment in the world&rsquo s second-largest economy tumbled 17.2 per cent in 2025 while home sales by floor area decreased 8.7 per cent.
Despite the valuation winter, analysts at UOB Kay Hian kept a &ldquo buy&rdquo rating and raised their target price to S$4.05 from S$3.49 on Feb 12, as the valuations had masked &ldquo resilient operating performance&rdquo .
&ldquo Fee-related businesses and private funds supported recurring income growth, while lodging expansion strengthened long-term visibility,&rdquo they added. H2 group operating profit rose 30 per cent to S$279 million, from S$214 million in the prior year.
The Business Times looks at CLI&rsquo s China portfolio to see which properties took a hit while others kept their value.
Inside the portfolio: the China downturn
Offices:
The road ahead
While the revaluation losses remain a drag on the headline numbers, excluding these non-cash items, operating profit rose 30 per cent to S$279 million in H2, from S$214 million in the prior year.
&ldquo Private funds were one of the stronger growth drivers in 2025 versus 2024, with the outlook remaining robust in funds focused on the lodging and living, logistics and self-storage, credit and opportunistic sectors,&rdquo UOBKH analysts said.
&ldquo The company maintains its confidence that it will be able to deliver a minimum level of DPS (distribution per stapled security) at S$0.12 for 2026, thus implying a 3.9 per cent yield based on yesterday&rsquo s (Feb 11) closing price,&rdquo they added.
For investors, a potential Temasek-led &ldquo re-rating-focused combination&rdquo with Mapletree Investments remains a closely watched catalyst for the stock.
Over the past five years, valuations of its assets in the country were down about S$1.6 billion
[SINGAPORE] CapitaLand Investment (CLI) was dragged into the red for the second half of 2025, as China&rsquo s property woes continue to hit companies with exposure there.
For the six months ended December, one of Asia&rsquo s biggest property groups reported a net loss of S$142 million, reversing from a S$148 million profit a year earlier.
The loss was driven primarily by significant non-cash revaluation losses within its China portfolio that pushed full-year overall revaluation loss to S$439 million, up 68.2 per cent from 2024&rsquo s S$261 million.
Over the past five years, China valuations were down about S$1.6 billion from cumulative write-downs, with an average decrease of 12 per cent, CLI group chief financial officer Paul Tham said at the company&rsquo s latest earnings last week.
In the past financial year alone, the valuation of CLI&rsquo s China assets was down 5 per cent or S$545 million, with offices and business parks hardest hit, said Tham. This came amid challenging market conditions, which continued to weigh on rental rates and occupancies.
China&rsquo s property market has been in a downward spiral since 2020, when the government introduced &ldquo three red lines&rdquo as a key part of Beijing&rsquo s attempt to clamp down on a housing boom.
The measures worsened a credit crunch and ultimately triggered around US$130 billion of defaults.
China Evergrande, once the country&rsquo s largest developer, was ordered to liquidate in 2024. Country Garden, another big name, recently completed a restructuring of its offshore debt.
Vanke, one of China&rsquo s best-known real estate developers, with a crushing US$50 billion in debt, has also been at the centre of the country&rsquo s protracted property sector crisis.
Property investment in the world&rsquo s second-largest economy tumbled 17.2 per cent in 2025 while home sales by floor area decreased 8.7 per cent.
Despite the valuation winter, analysts at UOB Kay Hian kept a &ldquo buy&rdquo rating and raised their target price to S$4.05 from S$3.49 on Feb 12, as the valuations had masked &ldquo resilient operating performance&rdquo .
&ldquo Fee-related businesses and private funds supported recurring income growth, while lodging expansion strengthened long-term visibility,&rdquo they added. H2 group operating profit rose 30 per cent to S$279 million, from S$214 million in the prior year.
The Business Times looks at CLI&rsquo s China portfolio to see which properties took a hit while others kept their value.
Inside the portfolio: the China downturn
Offices:
- Innov Center, Shanghai: Reflecting the cooling office sector in China&rsquo s financial hub, this commercial property (held through a private fund with a 51.1 per cent effective stake) saw its valuation dip from 3.1 billion yuan (S$569 million) in 2024 to 2.9 billion yuan in 2025.
- Somerset Riverview Chengdu: The lodging segment, too, felt the squeeze. The 200-unit serviced residence, in which CLI holds a 100 per cent stake, was written down from 190 million yuan to 170 million yuan.
- CapitaMall Westgate, Wuhan: This asset, a 217,556 square metre (sq m) development for commercial integrated use, saw its valuation fall to 1.7 billion yuan as at end-2025, from 1.9 billion yuan in 2024. The property has leases expiring in 2053 and 2063 respectively. CLI has a 100 per cent effective stake.
- Tianjin International Trade Centre: Standing out as a pocket of stability, this 77,374 sq m development maintained its valuation at 828 million yuan. CLI has a 100 per cent effective stake.
- CapitaMall Daxing, Beijing: A 100 per cent owned retail landmark in the capital, its fair value was adjusted downward from 1.6 billion yuan to 1.4 billion yuan over the year.
- Projects in the Beijing Economic Technological Development Area: Consisting of industrial and logistics leases, the valuation of this asset remained at 1.3 billion yuan from end-2024 to end-2025.
- Shanghai Zhuanqiao Data Centre: Bucking the downward trend entirely, this data centre saw its valuation climb from 2.9 billion yuan to 3.2 billion yuan.
While the revaluation losses remain a drag on the headline numbers, excluding these non-cash items, operating profit rose 30 per cent to S$279 million in H2, from S$214 million in the prior year.
&ldquo Private funds were one of the stronger growth drivers in 2025 versus 2024, with the outlook remaining robust in funds focused on the lodging and living, logistics and self-storage, credit and opportunistic sectors,&rdquo UOBKH analysts said.
&ldquo The company maintains its confidence that it will be able to deliver a minimum level of DPS (distribution per stapled security) at S$0.12 for 2026, thus implying a 3.9 per cent yield based on yesterday&rsquo s (Feb 11) closing price,&rdquo they added.
For investors, a potential Temasek-led &ldquo re-rating-focused combination&rdquo with Mapletree Investments remains a closely watched catalyst for the stock.
I am following the institutions. Even last week ($66m) and for a few weeks running, CLI has been in the list of top institutional buys.
Delvyss ( Date: 20-Feb-2026 16:53) Posted:
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