Saturday, April 27, 2024

CapLand Investment - I have added quite a bit of this counter! Taking advantage of the current depressing price due to higher interest rate and higher inflation situation! I belive things will get better! Pls dyodd.

 Dividend of 12 cents will be credited to your bank account today - 10th May 2024. Hosey! 

I  have added quite a bit for CapLand Investment.  Started accumulating at 3.01. I think only time will tell if the Investment is fruitful!

Pls dyodd. 

 Total revenue for 1Q24 was stable YoY at $650m

 Fee income related business revenue was up 7% YoY to $274m.

  Revenue composition continue to shift towards asset-light fee-based model

7.1B undrawn group cash facilities. 

Operating cash flow of 198m.

The group achieved funds under management of S$100 billion.
It aims to grow this figure to S$200 billion by 2028 on the back of organic expansion and strategic inorganic initiatives, such as the selective pursuit of bolt-on or transformative mergers and acquisitions.

At 2.63, yield is about 4.56% of which I think is quite a decent yield level.  

Pls dyodd.

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