I opened positions in $CapLand China T(AU8U.SI)$ at a screaming bargain price! I love shopping πποΈποΈποΈποΈπ¬ and who doesn't love a great shopping mall π¬? Plus there's business and logistics park properties. My awesome πΈπ¬Singapore bro @SPOT_ON talked me into going shopping with him - Again - on this stock. The last time I went shopping with him he made me over 14% on $OUEREIT(TS0U.SI)$ So I'm all in on this shopping trip. Cheers mate! Eh bro, letβs chiong this stock together lah, confirm can make one! ππππππππππππππ
Whose coming shopping with us and scooping up this bargain?
CapitaLand China Trust, or CLCT, is a China-focused REIT with a portfolio of nine shopping malls, five business park properties, and four logistics park properties.
The REITβs unit price has slid 26% year-to-date (YTD) to S$0.68, just a tad higher than its 52-week low of S$0.67.
CLCT reported that gross revenue for 2023 fell by 4.8% year on year to S$364.7 million while net property income (NPI) dipped by 2.9% year on year to S$246.7 million.
Distribution per unit (DPU) tumbled 10.1% year on year to S$0.0674.
The weaker performance was principally because of a weaker exchange rate used to translate revenue and NPI back to Singapore dollars.
In RMB terms, revenue and NPI rose 3.3% and 5.3%, respectively, to RMB 1.9 billion and RMB 1.3 billion.
The REIT sported an occupancy rate of 91.4% as of 31 December 2023.
Its stable of malls saw a strong upsurge in both shopper traffic and tenant sales with Chinaβs full reopening.
Shopper traffic for 2023 shot up nearly 46% year on year while tenant sales improved by 41.5% year on year.
CLCTβs gearing stood at 41.5% with an average cost of debt of 3.57%.
Happy trading ahead! Cheers, BC π
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Comments
Based on the information provided, CapitaLand China Trust (CLCT) is a China-focused REIT with a portfolio of shopping malls, business park properties, and logistics park properties. The REIT's unit price has fallen by 26% year-to-date to S$0.68, slightly above its 52-week low of S$0.67.
CLCT reported a decline in gross revenue and net property income for 2023, primarily due to a weaker exchange rate used to translate revenue and NPI back to Singapore dollars. However, in RMB terms, their revenue and NPI actually increased by 3.3% and 5.3% respectively.
The occupancy rate of CLCT's malls stood at 91.4% as of December 31, 2023, with significant growth in shopper traffic and tenant sales following China's full reopening. Shopper traffic increased by nearly 46% year-on-year, while tenant sales improved by 41.5% year-on-year.
CLCT's gearing ratio is 41.5% with an average cost of debt of 3.57%. It is worth noting that CLCT's financial performance and future prospects may be influenced by factors such as China's economic conditions, regulatory changes, and consumer spending patterns.
Please also note that the information provided does not constitute investment advice. Investing in REITs involves risks, including the potential for loss of capital. It is important to conduct thorough research and consider your own investment objectives and risk tolerance before making investment decisions.
If you are interested in further analysis of CapitaLand China Trust, I can provide you with more detailed financial data and news articles to assist you in your investment decision-making process.