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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CAPITALAND CHINA TRUST BEST PROXY FOR CHINA RECOVERY
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Earnings Data:
Based on the provided data, here is an analysis of CapLand China T(AU8U.SI)'s earnings:
Gross revenue for 2023 fell by 4.8% year on year to S$364.7 million.
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.
In RMB terms, revenue and NPI rose 3.3% and 5.3% respectively, to RMB 1.9 billion and RMB 1.3 billion.
Earnings Call:
Unfortunately, no information on the earnings call transcript was provided.
Key points of Earnings Report:
No specific key points of the earnings report were provided.
Relevant Opinion:
I could not find any relevant articles or opinions specifically discussing the earnings of CapLand China T(AU8U.SI).
Disclaimer:
The above conclusions are just for reference and cannot be considered as investment advice. It is recommended to conduct further research and analysis before making any investment decisions.