0755 GMT - CapitaLand Investment's private funds business is likely to be a key growth driver, says UOB Kay Hian's Adrian Loh in a note. The asset manager's fee-related revenue rose thanks to higher fundraising momentum and contributions from new asset-management platform buys. The growing private-funds segment reinforces CapitaLand Investment's shift towards recurring fee income, with management fees gaining faster than balance-sheet investment returns, the analyst notes. Still, the analyst lowers his 2026-2027 earnings projections by 11%-13% to factor in the lower share of results from associates and joint ventures and a weaker China operating outlook. UOB Kay Hian raises its target price to S$4.05 from S$3.49 after rolling forward its valuations to next year. It retains a buy rating on CapitaLand Investment, which closed flat at S$3.12. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
February 16, 2026 02:55 ET (07:55 GMT)
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