Archive for category: Misc

CapitaLand Investment (CLI) has recently announced that it will be experiencing significant losses in their total Patmi (profit after tax and minority interest) for FY2023 compared to the previous fiscal year. This comes as a result of revaluation losses for assets in China, Australia, Europe, the UK and the US, causing a decrease of 36% in total Patmi from $861 million in FY2022.

Despite this decrease, CLI has remained positive in their operating and free cash flow. In the 3Q of FY2023, the company reported challenges in deal-making, fundraising, and operational pressures due to the macro-economic backdrop, higher interest rates, and geopolitical tensions. This was particularly evident in markets such as China, Australia, Europe, the UK, and the US, which also pose potential valuation risks.

As CLI is finalizing its valuation of its property portfolio as of December 31, 2023, the company expects fair value losses primarily in markets mentioned above. However, these losses are non-cash and are mainly due to higher capitalization rates and weaker market sentiments. The company assures that its core operating earnings have not been significantly impacted, and operating cash flow remains stable.

In FY2022, CLI reported positive operating and free cash flow despite a decline in total Patmi. Similarly, in the first half of FY2023, while CLI saw a 38.3% decline in total Patmi to $433 million, their operating and free cash flow remained positive, showcasing their conservative capital management strategies.

On December 8, CLI’s shares closed at $3.10, remaining unchanged for the day, and down by 15.53% year to date. Private wealth continues to drive capital market deals, indicating that CLI and similar companies are not affected significantly by market fluctuations. CICT and CDL, other companies in the industry, also remain unaffected by WeWork’s bankruptcy warning, highlighting the resilience of these companies in the face of challenges.

Whether you’re looking for a stylish one-bedroom unit or a spacious three-bedroom, Holland Drive Condo offers options to suit any lifestyle. Immerse yourself in the trendy and dynamic neighborhood of Holland Village and make Holland Drive Condo your new home.

Located in the bustling and trendy area of Holland Village in Singapore, Holland Drive Condo presents the ultimate in luxurious and convenient living. Boasting a prime location, impeccable design, and a variety of amenities, this condominium complex is a prime example of upscale urban living in the city. From cozy one-bedroom units to expansive three-bedroom options, Holland Drive Condo has a range of choices to cater to every lifestyle. Soak in the vibrant and dynamic atmosphere of Holland Village and elevate your living experience with Holland Drive Condo.

In their 1HFY2023 results, CapitaLand Ascott Trust has been declared a “top pick” by some analysts, with a 19% year-on-year increase in dividend per share. These results further reinforce the confidence in CLI’s performance and its ability to withstand market pressures.

In conclusion, while CLI may be facing revaluation losses in the above-mentioned markets, their core operating earnings and free cash flow remain stable. With conservative capital management strategies in place, CLI is expected to recover from these losses and continue to thrive in the future.