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CapitaLand Investment Limited (9CI) AI Stock Analysis
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CapitaLand Investment Limited
(SGX:9CI)
Overall score reflects stable but mixed fundamentals: strong TTM revenue rebound, improved gross profitability, and positive free cash flow are offset by low ROE, modest net margins, and weakening recent free-cash-flow growth. The latest earnings call adds support via clear asset-recycling strategy and strong fee/PATMI momentum, while technical indicators remain neutral-to-soft and valuation is constrained by a high P/E despite a solid dividend yield.
CapitaLand Investment Limited (9CI) vs. iShares MSCI Singapore ETF (EWS)
- Market Cap
- SGD 11.98B
- Dividend Yield
- 5.00%
- Average Volume (3M)
- 11.22M
- Price to Earnings (P/E)
- 43.2
- Beta (1Y)
- 0.72
- Revenue Growth
- -15.36%
- EPS Growth
- -57.57%
- Country
- Singapore
- Employees
- 10,000
- Sector
- Real Estate
- Sector Strength
- 65
- Industry
- Real Estate - Services
CapitaLand Investment Limited Business Overview & Revenue Model
Company Description
CapitaLand Investment Limited functions as the real estate investment management entity within the CapitaLand Group. The company manages a broad and varied property portfolio, which encompasses integrated developments, retail establishments, office c...
How the Company Makes Money
CapitaLand Investment makes money primarily by managing real assets and investment vehicles for third-party and proprietary capital, earning recurring and transaction-based fees tied to assets under management (AUM) and investment activities. Key rev...
CapitaLand Investment Limited Earnings Call Summary
The call highlights robust progress in transforming CLI into a fee-driven asset manager: strong fee revenue (+20%), meaningful PATMI and operating profit uplift (+14% and +13% respectively), solid fundraising momentum (SGD 3.7bn, +50% YoY), growing private credit contribution and an active REIT/transaction pipeline. Management also announced a clear noncore divestment target (SGD 7–9bn) and outlined plans to redeploy capital into higher-return, scalable platforms (living, credit, logistics, data centers, self-storage). Key risks are concentrated in legacy China assets, the timing/execution of divestments, reliance on transaction-driven listed fees, and broader cyclical pressure on real estate fundraising. Overall the positive operational and strategic progress, plus capital recycling plans and improving interest costs, outweigh the execution/timing risks.
Q2-2026 Updates
Positive Updates
Negative Updates
Company Guidance
The call guided that CLI will accelerate asset‑management growth while recycling $7–9bn of non‑core assets (roughly two‑thirds China, ~30–40% from private funds) to redeploy into higher‑return opportunities (target reinvestment yields ~8–12% vs legacy 2–5%), and to potentially return capital after reinvestment; H1 metrics underpinning this include fee revenue +20%, total PATMI +14%, operating profit +13% (revenue broadly flat with real‑estate investment revenue down ~24% after deconsolidations such as Synergy’s prior $134m contribution), listed fund transaction volume >$10bn in H1 with $3.7bn raised groupwide (private fundraising $1.4bn, 50% higher YoY) and a CNY3bn China PREIT, Ascott signings of 8,400 units (>$500m contracted pipeline), current REIT unit holdings ~S$8bn (target ~15% average, implying ~S$6bn), cumulative China write‑downs ~S$1.6bn over five years, fee margins expected: listed funds 60%+, private funds 30–40% (blended ~50%), interest costs already down (c.40bp) and expected to stabilise or fall slightly, and full‑year PATMI guidance remains mid‑single‑digit growth.
CapitaLand Investment Limited Financial Statement Overview
Summary
Financials appear stable but not high-return: TTM revenue rebounded strongly (+19.7%) and gross margin improved (~59.8%), supported by positive operating cash flow (~714.5M) and free cash flow (~647.0M). Offsetting this, net margin is modest (~8.5%), ROE is low (~2.2%), and free cash flow growth is negative (-15.6%) with choppy cash conversion (OCF ~0.53x net income).
Income Statement
63PositiveBalance Sheet
58NeutralCash Flow
55Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.26B | 2.13B | 2.81B | 2.78B | 2.88B | 2.29B |
| Gross Profit | 1.95B | 1.00B | 1.26B | 2.78B | 1.29B | 1.06B |
| EBITDA | 799.50M | 735.00M | 1.42B | 1.22B | 1.05B | 802.00M |
| Net Income | 277.50M | 145.00M | 479.00M | 181.00M | 861.00M | 1.35B |
Balance Sheet | ||||||
| Total Assets | 23.79B | 24.21B | 24.71B | 34.13B | 35.11B | 37.65B |
| Cash, Cash Equivalents and Short-Term Investments | 1.58B | 2.02B | 2.31B | 2.46B | 2.67B | 3.88B |
| Total Debt | 8.18B | 8.45B | 7.90B | 12.72B | 12.77B | 13.95B |
| Total Liabilities | 10.35B | 10.69B | 10.30B | 15.90B | 16.18B | 17.55B |
| Stockholders Equity | 12.54B | 12.58B | 13.55B | 14.36B | 15.53B | 16.44B |
Cash Flow | ||||||
| Free Cash Flow | 647.00M | 479.00M | 542.00M | 659.00M | 579.00M | 625.00M |
| Operating Cash Flow | 714.50M | 491.00M | 561.00M | 682.00M | 735.00M | 667.00M |
| Investing Cash Flow | 176.00M | -510.00M | 2.57B | -187.00M | -382.00M | 1.27B |
| Financing Cash Flow | -566.00M | -252.00M | -3.25B | -637.00M | -1.37B | 223.00M |
CapitaLand Investment Limited Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:9CI, the sentiment is Negative. The current price of 2.40 is above the 20-day moving average (MA) of 2.40, below the 50-day MA of 2.53, and below the 200-day MA of 2.65, indicating a neutral trend. The MACD of -0.05 indicates Negative momentum. The RSI at 44.16 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:9CI.
CapitaLand Investment Limited Peers Comparison
Overall Rating
SG:CY6U73Outperform
SG:5IC69Neutral
SG:O1065Neutral- SG:9CI59Neutral
SG:H3049Neutral
SG:5JK47Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| SG:CY6U | 73Outperform | SGD 1.25B | 3.99 | 14.33% | 9.40% | -2.07% | -28.41% |
| SG:5IC | 69Neutral | SGD 182.95M | 1.30 | 30.64% | 10.96% | 3412.03% | 1089.66% |
| Sector * | 65Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% |
| SG:O10 | 65Neutral | SGD 472.30M | 10.21 | 3.27% | 9.37% | 117.73% | -23.82% |
| SG:9CI | 59Neutral | SGD 11.97B | 43.16 | 2.21% | 5.00% | -15.36% | -57.57% |
| SG:H30 | 49Neutral | SGD 790.65M | 19.81 | 1.32% | 1.05% | -0.88% | 20.85% |
| SG:5JK | 47Neutral | SGD 249.40M | 5.92 | 5.59% | 2.36% | 7.49% | 283.69% |
* Real Estate Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| SG:9CI | CapitaLand Investment Limited | 2.40 | -0.15 | -5.70% | |
| SG:CY6U | Capitaland India Trust | 0.84 | -0.30 | -26.25% | |
| SG:O10 | Far East Orchard Ltd. | 0.96 | -0.26 | -21.31% | |
| SG:H30 | Hong Fok Corporation Limited | 0.95 | 0.20 | 26.16% | |
| SG:5IC | Sing Holdings Ltd. | 0.36 | 0.01 | 2.53% | |
| SG:5JK | Hiap Hoe Ltd. | 0.53 | 0.00 | 0.19% |
CapitaLand Investment Limited Corporate Events
CapitaLand Investment reshapes board leadership for next phase of growth
CapitaLand Investment Limited has announced significant board changes as it moves into its next phase of growth, appointing veteran banker and corporate leader Hsieh Fu Hua as Independent Chairman and Non-Executive Independent Director from 1 January...
CapitaLand Investment Sets 2027 Board Leadership Transition
CapitaLand Investment Limited has announced a planned leadership transition at the board level, with current chairman and non-executive non-independent director Miguel Ko stepping down at the end of 2026. Veteran corporate leader Hsieh Fu Hua will as...
CapitaLand Malaysia Trust posts stronger Q3 2026 earnings and higher distributions
CapitaLand Malaysia Trust reported stronger financial performance for the third quarter ended 30 September 2026, with gross revenue rising 9.1% year-on-year to RM126.5 million, driven by higher rental and car park income. Net property income climbed...
CapitaLand Investment Deepens Tamil Nadu Push With New Chennai Data Centre
CapitaLand Investment Limited has underscored its long-term commitment to Tamil Nadu by unveiling CapitaLand Data Centre Chennai 01, its first data centre development in the state through Singapore-listed CapitaLand India Trust. The Ambattur facility...
CapitaLand and ALP launch S$260m automation-ready logistics hub in Singapore
CapitaLand Investment Limited and Taiwan-based Ally Logistic Property have launched OMEGA 1 Singapore, a S$260 million automation-ready logistics development under the CapitaLand Southeast Asia Logistics Fund. Positioned within Singapore’s west...
CapitaLand Integrated Commercial Trust Completes Sale of Asia Square Tower 2
CapitaLand Integrated Commercial Trust has completed the divestment of its 100% interest in Asia Square Tower 2 on 17 September 2026, following the earlier exercise of a call option related to the property. The manager has chosen to receive approxima...
CapitaLand Investment Posts Strong 1H 2026 Fee-Driven Growth and Expands APAC Fund Platforms
CapitaLand Investment Limited reported strong first-half 2026 results, driven by its fee-based fund management businesses and capital recycling across its Asia-focused real asset portfolio. Fee-related revenue rose 20% year on year to S$687 million,...
CapitaLand Investment Sets Schedule for 3Q 2026 Updates Across Listed Funds
CapitaLand Investment Limited has scheduled its third-quarter 2026 business updates and unaudited financial results for its listed funds, covering trusts in Malaysia, China, India and Singapore. The timetable includes specific dates around late Octob...
CapitaLand Investment Lifts Fee Income and Profit on Fund Management Growth in 1H 2026
CapitaLand Investment reported strong growth momentum for the first half of 2026 driven by its core fund management franchise, with fee-related revenue rising 20% year on year to S$687 million and operating PATMI up 13% to S$293 million, even as tota...
CICT lifts first-half 2026 payouts on stronger commercial portfolio performance
CapitaLand Integrated Commercial Trust reported a 7.1% year-on-year increase in first-half 2026 distribution per unit to 6.02 cents, supported by 7.5% growth in gross revenue to S$846.8 million and an 8.7% rise in net property income to S$630.5 milli...
CapitaLand Investment appoints veteran financier Hsieh Fu Hua as deputy chairman
CapitaLand Investment Limited has appointed veteran financier Hsieh Fu Hua as Deputy Chairman and Non-Executive Independent Director, effective 12 August 2026, adding him to key committees overseeing strategy, sustainability, talent and governance. T...
CapitaLand Ascendas REIT lifts 1H 2026 income on acquisitions and disciplined capital recycling
CapitaLand Ascendas REIT reported an 8.6% year-on-year increase in distributable income to S$359.4 million for the first half of 2026, supported by S$1.1 billion of accretive acquisitions and resilient contributions from existing assets. Gross revenu...
CapitaLand China Trust Delivers Resilient 1H 2026 DPU on Strong China Portfolio
CapitaLand China Trust reported a first-half 2026 distribution per unit of 2.45 Singapore cents, with same-store DPU up 2.9% year-on-year despite softer macroeconomic conditions and the loss of income from divested CapitaMall Yuhuating. While reporte...
Ascott boosts Vietnam portfolio with nine-property expansion
The Ascott Limited, the hospitality arm of CapitaLand Investment, is accelerating its expansion in Vietnam, adding nine new properties and more than 3,200 units in the first half of 2026. The move lifts its Vietnam portfolio by over 30% to about 12,0...
CapitaLand India Trust lifts H1 2026 income as data centre push gathers pace
CapitaLand India Trust reported an 8% year-on-year rise in distributable income to S$64.2 million for the first half of 2026, underpinned by stronger operating performance, contributions from newly completed assets and higher interest income from its...
CapitaLand Ascott Trust holds DPS steady as portfolio reshaping underpins future growth
CapitaLand Ascott Trust (CLAS), a stapled group comprising CapitaLand Ascott REIT and CapitaLand Ascott Business Trust, invests in income-producing lodging real estate globally, including serviced residences, rental housing and student accommodation....
CapitaLand Malaysia Trust posts stronger Q2 2026 earnings and higher unitholder distributions
CapitaLand Malaysia Trust reported unaudited results for the second quarter ended 30 June 2026 showing solid operating momentum, with gross revenue rising 6.3% year-on-year to RM123.1 million and net property income up 12.5% to RM77.4 million. Profit...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Sep 24, 2026