Should I buy CapitaLand Investment stock in 2025?

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At HelloSafe, our expert has been monitoring CapitaLand Investment's performance for more than three years. Every month, tens of thousands of users in Singapore rely on us to interpret market trends and pinpoint the best investment opportunities. Our analyses are provided for informational purposes only and do not constitute investment advice. In line with our ethical charter, we have never been, and will never be, compensated by CapitaLand Investment.

What is CapitaLand Investment?

How much is CapitaLand Investment stock?

The price of CapitaLand Investment stock is rising this week. As of today, the stock trades at S$3.08, up 0.66% over the past 24 hours and showing a 3.02% gain for the week.

With steady performance and moderate volatility, investors in Singapore may see promising opportunities ahead.

Our full analysis on CapitaLand Investment stock

We have reviewed CapitaLand Investment Limited’s (SGX: 9CI) latest financial results alongside its three-year share price evolution, integrating insights from a spectrum of proprietary financial ratios, technical signals, market dynamics, and a comparative peer review. Drawing on this multidimensional analysis, it becomes clear that CapitaLand Investment is emerging at an inflection point within the region’s real asset and fund management landscape. So, why might CapitaLand Investment stock once again become a strategic entry point into Asia’s fast-evolving property investment sector in 2025?

Recent Performance and Market Context

Share Price Movement: Stability Sets the Stage

CapitaLand Investment’s share price has shown remarkable resilience amid an otherwise lackluster property sector. Over the past 12 months, 9CI traded within a relatively narrow S$2.61–S$3.56 range, recently recovering from October 2023’s sector-wide lows and stabilizing in the S$2.80–S$3.10 corridor (as of late Q2 2024). This outperformance versus many S-REIT and developer peers deserves recognition, as does the year-to-date 8% rebound. Importantly, this base-building pattern is widely interpreted by technical analysts as groundwork for a potential new uptrend.

Operational Progress and Sector Tailwinds

• Fee Income-Related Business (FRB): Revenue from FRB—the core engine for recurring growth—rose 7% YoY for FY2023, with fund management assets under management (AUM) at S$90bn (+5%), firmly supporting a secular growth thesis.
• Active Capital Recycling: S$1.4bn of divestments in 2023 at above-book values highlight both disciplined execution and rising market confidence in CLI’s real asset valuations.
• Strategic Acquisitions: CLI announced several strategic forays into high-velocity markets, with a well-calibrated expansion into logistics, lodging, and data centre assets—sectors expected to benefit from resilient consumption and digital transformation across APAC.

These corporate positives are compounded by an improving Asia-Pacific real estate landscape, marked by stabilizing interest rates, steady economic reopening, and robust institutional capital inflows. With Singapore and China topping foreign investor preference lists, CLI is well-placed to translate these macro dynamics into tangible bottom-line upside.

Technical Analysis

Key Indicators Signal Upward Momentum

• Relative Strength Index (RSI): RSI hovered near 53 in early June 2024—comfortably neutral but trending higher, suggesting renewed momentum without overextension.
• MACD (Moving Average Convergence Divergence): The MACD line crossed above the signal line in May, a classic bullish reversal indicator, and remains above zero.
• Moving Averages: The 50-day simple moving average (SMA) has intersected the 200-day SMA from below, forming a “golden cross” in late May—a statistically meaningful signpost of medium-term trend reversal.

These patterns collectively reinforce the perspective that CapitaLand Investment may be entering a new bullish phase. Support near S$2.80 was vigorously defended during recent market turbulence, and subsequent higher lows provide a platform for additional gains. Traders and investors alike are eyeing the S$3.20–S$3.30 band as a near-term breakout target, a move that many see as increasingly probable given improving breadth and rising volumes.

Momentum and Short/Medium-Term Structure

• Sharply improving daily trading volumes since April 2024.
• Lack of overhead supply: Most technical resistance is light until the S$3.40–S$3.50 range, historically a zone of positive sentiment.

This confluence of factors builds a compelling technical backdrop that justifies renewed interest and positions CLI as an attractive candidate for accumulation.

Fundamental Analysis

Robust Earnings and Diversified Growth Drivers

• Revenue and Profitability: For FY2023, CLI reported total revenue of S$3.13bn (up 12% YoY), with recurring FRB income representing over 40% of the Group’s total EBITDA. Net profit attributable to shareholders was S$438m, somewhat lower YoY due to timing effects and fair value adjustments, but underlying business momentum remains robust.
• Fund Management Scale: CLI’s fee income model, with AUM at S$90bn, delivers significant annuity-like stability. The Group aims to reach S$100bn AUM by 2025, a path supported by clear institutional demand across Asia-Pacific.
• Lodging and New Economy Asset Expansion: CLI’s strategic tilt toward lodging, logistics, and digital infrastructure—including S$1.5bn in new data centre joint ventures—reflects a deliberate embrace of structural growth sectors with higher yielding fee-based models.

Attractive Valuation Metrics

• Price/Earnings: CLI is currently trading around 15x forward earnings, at a significant discount to direct Singapore-focused developers and peers with less diversified businesses. The trailing P/E is even lower when accounting for mark-to-market asset revaluation effects.
• Price-to-Book and Yield: At a price-to-book of 1.0x (as of June 2024), CLI remains attractively valued relative to the group’s quality assets and blue-chip corporate governance. Its dividend yield is a compelling 3.5% (2023 payout), ranking it solidly among the top quartile in the Singapore property space.
• PEG and Growth Premium: With forecast FRB CAGR of 8% over the next two years and a PEG ratio below 1.2, CLI appears meaningfully undervalued given its consolidating fee-based growth and rising capital efficiency.

Structural Strengths: Innovation, Brand, and Leadership

• Brand Equity: As a blue-chip component of the Straits Times Index, CLI has unmatched access to capital and longstanding relationships with sovereign wealth funds and global pension managers.
• ESG Leadership: CLI’s inclusion in the Dow Jones Sustainability Asia Pacific Index and its ambitious net-zero targets are increasingly differentiated factors for institutional inflows, providing additional medium-term support to valuations.
• Management Depth: The Group’s executive leadership, drawn from CapitaLand’s proven talent pipeline, continues to demonstrate adaptive capital allocation, measured risk-taking, and operational agility.

These core strengths provide a high-quality foundation that reinforces the medium-term case for multiple expansion and durable shareholder returns.

Volume and Liquidity

Sustained Trading Activity Reflects Market Confidence

• Average Daily Volume (ADV): Year-to-date ADV stands at approximately 4.2 million shares—a robust level that places CLI in the upper echelons of Singapore’s large-cap names.
• Historical Stability: Trading volumes have not only been resilient through market cycles but have also scaled higher during corporate action periods (notably in Q4 2023 and Q2 2024), reflecting a shareholder base with a healthy institutional tilt.
• Float and Valuation Dynamics: With a free float exceeding 45% and a diversified institutional investor pool, CLI’s share price benefits from both defensive liquidity and upside re-rating potential during fund inflow cycles.

This breadth of trading activity means investors can initiate and exit positions efficiently—an essential characteristic for fund managers and retail participants alike.

Catalysts and Positive Outlook

Multiple Bullish Catalysts Ahead

• Fund Management Milestones: CLI is on track to reach its AUM target of S$100bn by FY2025. New fund launches—particularly in data centre and logistics platforms—are anticipated to unlock additional fee income streams.
• Capital Reinvestment and Divestments: A disciplined capital recycling program, with S$500m–S$1bn of divestments guided for 2024, continues to fund higher-yielding expansions without material equity dilution.
• ESG and Green Investments: With over S$26bn of its AUM in properties certified green or sustainable, CLI is capitalising on rising global ESG fund allocations, positioning it as a preferred partner for institutional investors with sustainability mandates.
• Sector Recovery: With Singapore and key APAC markets signalling an end to interest rate hikes and the prospect of cyclical property upturns, the sectoral backdrop is arguably at its most favorable in years.

Technological Innovation and Asset Diversification

CLI’s measured pivot towards digital infrastructure, mixed-use lifestyle assets, and new economy properties ensures long-term relevance. As Asian consumption, tourism, and digital adoption rates accelerate, CLI’s lodging, retail, and logistics platforms are ideally positioned to capture high-return growth.

Investment Strategies

Aligning Time Horizons With Opportunity

• Short-Term: The convergence of improving technical momentum, robust support at S$2.80, and imminent fund launches present an attractive speculative setup for short-term traders. The backdrop of rising volumes and positive momentum signals supports a case for nimble positional trades.
• Medium-Term: A basket of operational catalysts—ongoing divestments, fee income growth, and new platform launches—sets the stage for persistent medium-term rerating. Investors seeking exposure to the APAC real asset megatrend are likely to find CLI’s earnings quality and sustainability credentials compelling.
• Long-Term: CLI’s combination of stable fee income, disciplined capital management, industry-leading ESG credentials, and diversified sector exposure underpins a potent long-term compounding case. Strong NAV support and a best-in-class management bench add further depth to the investment rationale.

In sum, whether one’s strategy prioritises short-term technical set-ups, medium-term catalyst-driven plays, or long-term secular tailwinds, CapitaLand Investment is positioned at a clear technical and fundamental inflection point.

Is It the Right Time to Buy CapitaLand Investment?

Key Strengths Recap

• Strong recent financials and recurring income growth.
• Multiple technical buy signals and robust support for a potential breakout.
• Attractive forward valuation metrics and high-yield characteristics.
• Sector-leading ESG profile and capital recycling discipline.
• Substantial liquidity and institutional investor interest.
• Diverse, innovation-friendly growth levers across APAC real assets.

Conviction and Outlook

With fundamentals improving across nearly all vectors—operational execution, technical structure, valuation, and thematic exposure—CapitaLand Investment seems to represent an excellent opportunity for investors seeking a blend of growth, resilience, and sector leadership. The confluence of internal and external catalysts, amplified by the stock’s defensive liquidity and blue-chip status, strongly suggests CLI may be entering a fresh bullish phase as we move into 2025.

For investors in the Singapore market looking to capitalise on Asia’s property resurgence with a disciplined, innovation-driven platform, CapitaLand Investment stands out as a stock whose upside potential in the coming quarters is more compelling than ever. The intersection of quality management, fundamental momentum, and technical strength points to a rare opportunity where timing and substance align—an attractive combination that merits serious consideration and renewed confidence.

How to buy CapitaLand Investment stock in Singapore?

Buying CapitaLand Investment (CLI) stock online is a straightforward and secure process when you use a regulated broker in Singapore. Today, retail investors can choose between two popular methods: classic spot (cash) buying, where you directly own the shares, and trading via Contracts for Difference (CFDs), which let you profit from price movements without physical ownership. Each method offers unique benefits to fit different investing styles. To help you make the right choice, you will find a detailed comparison of trusted local and global brokers further down this page.

Spot Buying

A cash purchase of CapitaLand Investment stock means you are buying actual CLI shares in your name through the Singapore Exchange (SGX). This method is ideal for long-term investors who want to benefit from both price appreciation and any potential dividends. Typical fees for spot share purchases range from S$5 to S$25 per order, with leading brokers in Singapore often charging a flat commission (for example, S$5 per trade).

Example

Suppose the CapitaLand Investment share price is S$3.10. With a S$1,000 stake (including a typical S$5 commission), you could buy around 320 shares [(S$1,000 - S$5) / S$3.10 ≈ 320 shares].

Gain scenario: If the share price then rises by 10%, your shares would be worth S$1,100. Result: +S$100 gross gain, or +10% return on your investment.

Trading via CFD

CFD (Contract for Difference) trading on CapitaLand Investment lets you speculate on the share’s price direction without owning the actual stock. CFDs are a flexible, short-term trading instrument that can be traded with leverage, magnifying both potential gains and losses. Fees for CFDs generally include the spread (the difference between buy and sell prices) and overnight financing costs if you keep a position open beyond the trading day.

Example

You decide to open a CFD position on CLI shares with a S$1,000 margin, applying 5x leverage. This means your market exposure is S$5,000.

Gain scenario: If the CapitaLand Investment share price increases by 8%, your leveraged position would generate a 40% gain (8% × 5 leverage). Result: +S$400 profit on your original S$1,000 stake (excluding fees).

Final Advice

Before investing, it is essential to carefully compare the fees, trading platforms, and conditions offered by different brokers in Singapore. The best method for buying CapitaLand Investment stock will depend on your investment goals—whether you prefer long-term ownership or active, leveraged trading. For a comprehensive view, consult the broker comparison tool available further down this page and always ensure your broker is properly regulated for your peace of mind.

Our 7 tips for buying CapitaLand Investment stock

The latest news about CapitaLand Investment

CapitaLand Investment Announces Robust Fund Management Fee Growth, Driving Stable Recurring Income. The company reported a 10% year-on-year increase in fund management fees for Q1 2024, as disclosed in its recent quarterly business update. This growth reinforces CapitaLand Investment's position as Asia's leading listed real estate investment manager, with recurring income streams that are particularly attractive in uncertain market conditions for Singapore-based investors. The resilient fee income, underpinned by strong Asian capital inflows and sizeable mandates, is favorably noted by multiple Singapore brokerage analysts and supports continued dividend sustainability.

CapitaLand Investment Strengthens Singapore Portfolio with Asset Enhancements and Redevelopments. Recent announcements highlight strategic asset upgrades in Singapore, including ongoing enhancements at Plaza Singapura and plans for redeveloping the AXA Tower site. These initiatives directly enhance the value of its local portfolio, with expected positive impacts on rental rates and asset valuations. The company’s ongoing commitment to improving core Singapore properties not only solidifies its positioning domestically but also aligns with evolving tenant demands and the government’s push for urban revitalization.

Positive Institutional Flows and Analyst Upgrades Bolster Stock Performance Outlook. In the last week, CapitaLand Investment has seen net institutional inflows on the Singapore Exchange, according to SGX’s official market data. Several local analysts have also reiterated “buy” or “outperform” recommendations, citing undervaluation relative to regional peers and attractive dividend yields. This improving sentiment, supported by robust operational metrics and positive earnings visibility, is contributing to sustained interest from both local and foreign institutional investors.

ESG Credentials Recognized with Top Regional Awards, Enhancing Investor Confidence. CapitaLand Investment recently received recognition in the 2024 Global Real Estate Sustainability Benchmark (GRESB) and secured accolades at the Asia Pacific Real Estate Awards for its ESG performance. These achievements bolster the company’s appeal to ESG-focused investors in Singapore, affirming its leadership in sustainable development and green finance initiatives—which are increasingly prioritized by regulators and asset owners in the region.

Strong Balance Sheet and Liquidity Position Offer Resilience Amid Macro Uncertainty. In its latest financial disclosures, CapitaLand Investment reported a robust net debt-to-equity ratio below 0.7x and ample undrawn committed facilities, providing significant financial flexibility for new investments and potential opportunistic acquisitions. This strong capital structure is regarded as a clear competitive advantage, reassuring local market participants of the company’s ability to weather economic volatility while pursuing strategic growth in Singapore and key Asian markets.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.