0859 GMT - CapitaLand Investment is likely to focus on mergers and acquisitions this year, says OCBC Group Research's Andy Wong in a note. The asset manager's funds under management grew to S$125 billion, but it is still far from its S$200 billion target by 2028, the analyst says. CapitaLand Investment's balance sheet is likely to support inorganic growth, he adds, citing potential debt headroom of around S$3.7 billion before its net gearing ratio reaches 0.7X. OCBC cuts its fair-value estimate slightly to S$3.63 from S$3.69. It maintains a buy rating on CapitaLand Investment, noting recent stock price declines. CapitaLand Investment is up 0.65% at S$3.11.(megan.cheah@wsj.com)
(END) Dow Jones Newswires
February 13, 2026 03:59 ET (08:59 GMT)
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