Sporeshare
2023-06-16

$CapLand IntCom T(C38U.SI)$  

Chart wise, she is bouncing off from the low of 1.93 and close higher at 1.99 looks rather bullish!

If she can rise up to reclaim 2.03 and conquer 2.10 that would likely reverse this down trend and rises further up to test 2.17.

P/B 0.9x. Yield is about 5.31% for this giant reit counter seems not too bad!

Please dyodd.

CapitaLand Integrated Commercial Trust (CICT or the Trust) is the first and largest real estate investment trust (REIT) listed on Singapore Exchange Securities Trading Limited (SGX-ST) with a market capitalisation of S$13.5 billion as at 31 December 2022. It debuted on SGX-ST as CapitaLand Mall Trust in July 2002 and was renamed CICT in November 2020 following the merger with CapitaLand Commercial Trust (CCT).

CICT owns and invests in quality income-producing assets primarily used for commercial (including retail and/or office) purposes, located predominantly in Singapore. As the largest proxy for Singapore commercial real estate, CICT’s portfolio comprises 21 properties in Singapore, two properties in Frankfurt, Germany, and three properties in Sydney, Australia with a total property value of S$24.2 billion based on valuations of its proportionate interests in the portfolio as at 31 December 2022.

CICT is managed by CapitaLand Integrated Commercial Trust Management Limited, a wholly owned subsidiary of CapitaLand Investment Limited (CLI), a leading global real estate investment manager with a strong Asia foothold.

Chart wise, bearish mode!

Likely to go down to revist 1.87 then 1.80.

Please do your own due diligence!

This is the biggest reit listed on local exchange!

NAV of 2.12.

Yearly dividend of 10.58 cents! Yield is 5 4% at 1.95.

Overall occupancy rate of 95.8% seems quite gd!

Gearing is a little bit high at 40.4%.

I think gd pivot entry point is at about 1.87. Yield would be about 5.65%.

Not a call to buy or sell!

https://sporeshare.blogspot.com/2023/06/c38u-cict.html

Modified in.2023-06-16
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Comments

  • bubblyo
    2023-06-16
    bubblyo

    Oh no, it's in bearish mode! Time to break out the sad trombone sound effect. "Womp womp.

  • squishx
    2023-06-16
    squishx

    Don't forget to "dyodd" - Do Your Own Dancing and Dabbling in the stock market

  • breezzi
    2023-06-16
    breezzi

    If this stock can rise and reclaim those levels, it'll be a reverse trend party

  • chizzoo
    2023-06-16
    chizzoo

    Looks like the stock is doing the limbo dance, trying to bounce off those lows

  • zookz
    2023-06-16
    zookz

    A reit counter with a yield of 5.31%? Not too shabby, my friend

    • Sporeshare
      precisely! mkt has been bearish due to high interest rate situation
  • Sporeshare
    2023-06-18
    Sporeshare
    if interest pause or stoppthan we may see reit likely to benefit and price may follow!
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