The Business Times
business-time-50

Mapletree Investments eyes average ROE of 9% to 12% by FY2029, bets big on four sectors

Property giant will continue to invest prudently and take on a more active syndication and monetisation strategy, says group CEO

google-preferred-sourceAdd BT as a preferred source
Jessie Lim

Jessie Lim

Published Wed, Jul 10, 2024 · 08:45 PM
    • For the financial year ended Mar 31, Mapletree Investments posted a net loss of S$577.2 million, compared with a S$1.2 billion net profit last year.
    • For the financial year ended Mar 31, Mapletree Investments posted a net loss of S$577.2 million, compared with a S$1.2 billion net profit last year. PHOTO: BT FILE

    MAPLETREE Investments will sharpen its focus on four core sectors – data centres, logistics, offices and student housing – through strategic investments and increased development activity, it said in its annual report for the financial year ended Mar 31. 

    It is also aiming for an average return on equity (ROE) of between 9 and 12 per cent by FY2029 under its new five-year plan.

    The property giant – wholly owned by state investment firm Temasek and with assets under management (AUM) at S$77.5 billion as at Mar 31 – will continue to invest prudently and take on a more active syndication and monetisation strategy, said group chief executive officer Hiew Yoon Khong in his message. 

    Mapletree InvestmentsMapletree Pan Asia Commercial Trustmapletree industrial trustmapletree logistics trust

    TRENDING NOW

    This comes after a Citi note that lifted target prices for all Singapore banks, with a leading preference and “buy” call for DBS.

    DBS, OCBC and UOB shares hit all-time highs as sentiment improves

    The eligible projects include Sun Group’s developments linked to the Asia-Pacific Economic Cooperation summit in Phu Quoc in 2027.

    Targeted credit relief: Vietnam steers funding to Vingroup, Sun Group, Masterise megaprojects

    Recent cuts at e-commerce platforms such as Shopee is signalling shifting business priorities.

    E-commerce job cuts signal S-E Asia’s shift from scaling to deeper user engagement

    In hiring for AI-fluent users, companies will do well to better define and test applicants on their capacity for human oversight.

    Employers want AI-fluent employees. Hiring them is the challenge

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More