0535 GMT - CapitaLand Investment's shares appear undervalued to Morningstar's Xavier Lee. He believes the market is underappreciating the asset manager's scalable real-estate fund platform, which can generate strong recurring income. The Singapore company's fund-management business is likely to remain a key growth driver, he says. The lower interest-rate environment may support acquisition growth from CapitaLand's REITs and quicken the company's private fund syndication, he says. While the management hasn't commented on reports about a potential merger with Mapletree Investments, "it expressed openness to inorganic growth opportunities, particularly in markets targeted for expansion," he adds. Morningstar maintains CapitaLand's fair-value estimate at S$3.30. The stock is down 0.4% at S$2.67. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

November 10, 2025 00:35 ET (05:35 GMT)

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