CapitaLand Limited - OCBC Investment 2016-06-15: Looking to the future with new venture fund

CapitaLand Limited - OCBC Investment 2016-06-15: Looking to the future with new venture fund CAPITALAND LIMITED C31.SI 

CapitaLand Limited: Looking to the future with new venture fund

  • CapitaLand (CAPL) announced that it will set up a venture fund (C31 Ventures) to tap global tech start-ups in a move to seek innovation in the real estate space. 
  • We understand that the group will start with a S$15m investment in the Early Stage Venture Fund III (ESVFIII) by Singapore’s National Research Foundation (NRF) in May 2016 for local tech start-ups, and CAPL is eventually prepared to invest up to S$100m as it seeks opportunities outside of Singapore. 
  • C31 Ventures will target Series A to Series C start-up companies that fit into the group’s focus areas of innovation in energy, operations and maintenance; building and construction; design and building materials; real estate funding as well as customer engagement. 
  • Maintain BUY with an unchanged fair value estimate of S$3.68.




Eli Lee OCBC Securities | http://www.ocbcresearch.com/ 2016-06-15
OCBC Securities SGX Stock Analyst Report BUY Maintain BUY 3.68 Same 3.68


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