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CapitaLand Investment's China Write-Offs Should Clear Overhang -- Market Talk

Dow Jones
Feb 11

0709 GMT - CapitaLand Investment's China asset write-offs remove remaining uncertainties for the asset manager, says DBS Group Research's Derek Tan in a note. While its 2025 headline profit missed estimates, the decline is largely related to devaluations in its China portfolio, which was "well expected," given soft operating conditions there, he says. No further downside risks are expected after these write-offs, which Tan estimates to be around 10% in book value. The asset manager's focus this year is to sharpen its portfolio through asset sales and redevelopments, which it could leverage through its around S$6.4 billion headroom, the analyst adds. DBS is reviewing its buy rating and S$3.65 target price. Shares fall 5.4% to S$3.00. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

February 11, 2026 02:09 ET (07:09 GMT)

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