|Bid||1.4800 x 0|
|Ask||1.4800 x 0|
|Day's range||1.4700 - 1.4800|
|52-week range||1.1800 - 1.6200|
|Beta (5Y monthly)||0.65|
|PE ratio (TTM)||12.98|
|Earnings date||28 Jan 2021|
|Forward dividend & yield||0.09 (6.40%)|
|Ex-dividend date||16 Feb 2021|
|1y target est||1.27|
CapitaLand Ltd on Monday has proposed a consolidation of its investment management platform and the lodging business into an entity called CapitaLand Investment Management (CLIM) as part of a restructuring process. The Singaporean property developer announced the restructuring along with CLA Real Estate Holdings, an indirect fully owned unit of Temasek Holdings Pte Ltd, the largest shareholder of CapitaLand. CapitaLand said it would also place its real estate development business under the private ownership of CLA.
Singapore's CapitaLand plans to split in two, with its real estate investment management business becoming the world's third largest as a new listed entity and its property development business to be taken private. CapitaLand, which is 52% owned by Singapore state investor Temasek, said it aims to achieve higher valuations for the investment management business which will no longer be hobbled by the intensive capital needs of development.