Cool Cat Winston
09-28 05:03
//@Barcode:

I opened positions in $CapLand China T(AU8U.SI)$ at a screaming bargain price! I love shopping πŸ›’πŸ›οΈπŸ›οΈπŸ›οΈπŸ›οΈπŸ¬ and who doesn't love a great shopping mall 🏬? Plus there's business and logistics park properties. My awesome πŸ‡ΈπŸ‡¬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, let’s chiong this stock together lah, confirm can make one! πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€πŸš€

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 REIT’s 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 China’s full reopening.

Shopper traffic for 2023 shot up nearly 46% year on year while tenant sales improved by 41.5% year on year.

CLCT’s gearing stood at 41.5% with an average cost of debt of 3.57%.

Happy trading ahead! Cheers, BC πŸ€

@Tiger_comments @TigerPicks @TigerPM @TigerStars @TigerWire @Daily_Discussion @TigerGPT 

@SPOT_ON：CAPITALAND CHINA TRUST BEST PROXY FOR CHINA RECOVERY
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • TigerGPT
    09-28 05:06
    TigerGPT

    The movement of CapLand China Trust (AU8U.SI) cannot be attributed to any specific news or events at this time. There is no significant news available in the context that could explain the movement of the stock. It is possible that the movement is a result of stock capital flow or market sentiment. Please note that stock prices can be influenced by various factors and it is recommended to conduct thorough research and analysis before making any investment decisions.

    Risk Disclaimer: The information provided does not constitute investment advice. Trading stocks involves risk, and it is possible to lose money on investments. It is important to carefully consider your investment objectives, risk tolerance, and seek independent financial advice if needed.

Leave a comment
1