$CapLand IntCom T(C38U.SI)$ Is

Is CICT Overpriced at This Stage? Let’s Break It Down!

1️⃣ 1Q Results – A Mixed Bag

• Like-for-like NPI saw an uptick, which is good news!

• However, overall NPI declined 0.8% YoY, signaling some underlying weakness.

• The divestment of 21 Collyer Quay is expected to drag down DPU in the coming quarters.

2️⃣ NAV Snapshot

• Last reported NAV: S$2.09

• Based on 1H25 projections, assuming DPU = 5.44 cents (50% of FY24)

3️⃣ Valuation Check

• Calculated fair value = NAV + 1Q25 accumulated DPU (2.72 cents)

• That gives us: S$2.1172/share

• Note: This estimate does not factor in any market discount — something to keep in mind!

4️⃣ My Target Price

• TP: S$2.03

• Target timeframe: By July 2025

• This reflects a more conservative outlook, especially considering the income impact from asset divestment.

Modified in.04-30

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

SGRatRacer
05-14
SGRatRacer
I previously wrote a TP of 2.03 by July, it came earlier than expected. At the time of previous post, price was obviously too optimistic at 2.18, the excitement died off. Now it time for re-entry and accumulate.

Happy to hear what you think :)
$CapLand IntCom T(C38U.SI)$ $LION-PHILLIP S-REIT(CLR.SI)$
icycrystal
04-30
icycrystal
thanks for sharing

Leave a comment

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Let’s Break It Down!\n \n1️⃣ 1Q Results – A Mixed Bag\n• Like-for-like NPI saw an uptick, which is good news!\n• However, overall NPI declined 0.8% YoY, signaling some underlying weakness.\n• The divestment of 21 Collyer Quay is expected to drag down DPU in the coming quarters.\n2️⃣ NAV Snapshot\n• Last reported NAV: S$2.09\n• Based on 1H25 projections, assuming DPU = 5.44 cents (50% of FY24)\n3️⃣ Valuation Check\n• Calculated fair value = NAV + 1Q25 accumulated DPU (2.72 cents)\n• That gives us: S$2.1172/share\n• Note: This estimate does not factor in any market discount — something to keep in mind!\n4️⃣ My Target Price\n• TP: S$2.03\n• Target timeframe: By July 2025\n• This reflects a more conservative outlook, especially considering the income impact from asset divestment.</body></html>","htmlText":"<html><head></head><body><a href=\"https://ttm.financial/S/C38U.SI\">$CapLand IntCom T(C38U.SI)$&nbsp;</a><v-v data-views=\"0\"></v-v>&nbsp;\n \n \nIs CICT&nbsp;Overpriced at This Stage? Let’s Break It Down!\n \n1️⃣ 1Q Results – A Mixed Bag\n• Like-for-like NPI saw an uptick, which is good news!\n• However, overall NPI declined 0.8% YoY, signaling some underlying weakness.\n• The divestment of 21 Collyer Quay is expected to drag down DPU in the coming quarters.\n2️⃣ NAV Snapshot\n• Last reported NAV: S$2.09\n• Based on 1H25 projections, assuming DPU = 5.44 cents (50% of FY24)\n3️⃣ Valuation Check\n• Calculated fair value = NAV + 1Q25 accumulated DPU (2.72 cents)\n• That gives us: S$2.1172/share\n• Note: This estimate does not factor in any market discount — something to keep in mind!\n4️⃣ My Target Price\n• TP: S$2.03\n• Target timeframe: By July 2025\n• This reflects a more conservative outlook, especially considering the income impact from asset divestment.</body></html>","text":"$CapLand IntCom T(C38U.SI)$ Is CICT Overpriced at This Stage? Let’s Break It Down! 1️⃣ 1Q Results – A Mixed Bag • Like-for-like NPI saw an uptick, which is good news! • However, overall NPI declined 0.8% YoY, signaling some underlying weakness. • The divestment of 21 Collyer Quay is expected to drag down DPU in the coming quarters. 2️⃣ NAV Snapshot • Last reported NAV: S$2.09 • Based on 1H25 projections, assuming DPU = 5.44 cents (50% of FY24) 3️⃣ Valuation Check • Calculated fair value = NAV + 1Q25 accumulated DPU (2.72 cents) • That gives us: S$2.1172/share • Note: This estimate does not factor in any market discount — something to keep in mind! 4️⃣ My Target Price • TP: S$2.03 • Target timeframe: By July 2025 • This reflects a more conservative outlook, especially considering the income impact from asset divestment.","highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":1,"favoriteSize":0,"link":"https://ttm.financial/post/429897096167896","repostId":0,"isVote":1,"tweetType":1,"viewCount":1543,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["C38U.SI"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":687,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":434981563777344,"commentId":"434981563777344","gmtCreate":1747215443894,"gmtModify":1747216951348,"authorId":3571125086627474,"author":{"id":3571125086627474,"idStr":"3571125086627474","authorId":3571125086627474,"name":"SGRatRacer","avatar":"https://community-static.tradeup.com/news/769c06b52df407a44d9e6f5d36d66ffc","vip":1,"crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":429897096167896,"objectIdStr":"429897096167896","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"I previously wrote a TP of 2.03 by July, it came earlier than expected. At the time of previous post, price was obviously too optimistic at 2.18, the excitement died off. Now it time for re-entry and accumulate.&nbsp;\n \nHappy to hear what you think :)<a href=\"https://ttm.financial/S/C38U.SI\">$CapLand IntCom T(C38U.SI)$&nbsp;</a><a href=\"https://ttm.financial/S/CLR.SI\">$LION-PHILLIP S-REIT(CLR.SI)$&nbsp;</a>&nbsp;","text":"I previously wrote a TP of 2.03 by July, it came earlier than expected. At the time of previous post, price was obviously too optimistic at 2.18, the excitement died off. Now it time for re-entry and accumulate.&nbsp;\n \nHappy to hear what you think :)<a href=\"https://ttm.financial/S/C38U.SI\">$CapLand IntCom T(C38U.SI)$&nbsp;</a><a href=\"https://ttm.financial/S/CLR.SI\">$LION-PHILLIP S-REIT(CLR.SI)$&nbsp;</a>&nbsp;","html":"I previously wrote a TP of 2.03 by July, it came earlier than expected. At the time of previous post, price was obviously too optimistic at 2.18, the excitement died off. Now it time for re-entry and accumulate.&nbsp;\n \nHappy to hear what you think :)<a href=\"https://ttm.financial/S/C38U.SI\">$CapLand IntCom T(C38U.SI)$&nbsp;</a><a href=\"https://ttm.financial/S/CLR.SI\">$LION-PHILLIP S-REIT(CLR.SI)$&nbsp;</a>&nbsp;","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0,"disclaimerType":0},{"id":430014760218872,"commentId":"430014760218872","gmtCreate":1746007527316,"gmtModify":1746007531054,"authorId":4132300740238052,"author":{"id":4132300740238052,"idStr":"4132300740238052","authorId":4132300740238052,"name":"icycrystal","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":429897096167896,"objectIdStr":"429897096167896","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"thanks for sharing","text":"thanks for sharing","html":"thanks for sharing","likeSize":2,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0,"disclaimerType":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/429897096167896"}