Soogle
09-26

//@Barcode:

I opened positions in $CapLand China T(AU8U.SI)$ at a screaming bargain price! I love shopping 🛒🛍️🛍️🛍️🛍️🏬 and who doesn't love a great shopping mall 🏬? Plus there's business and logistics park properties. My awesome 🇸🇬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! 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀

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 🍀

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

CAPITALAND CHINA TRUST BEST PROXY FOR CHINA RECOVERY

@SPOT_ON：
$CapLand China T(AU8U.SI)$ 8% DIVIDEND YIELD!!! CLCT is the largest China-focused REIT in Singapore. It has three pillars for delivering sustainable returns: create, unlock and extract value. “We actively drive organic growth through asset enhancement initiatives (AEI), optimise our portfolio and use the proceeds to enhance our balance sheet as we look for new opportunities to strengthen the portfolio.” There are a lot of efforts on the ground to sieve out deals with good entry value that enable us to reap the benefits of a resilient, diversified and quality portfolio CapitaLand had completed a merger with Ascendas-Singbridge (ASB) in 2019. CapitaLand and ASB have been in China since 1994, developing different asset classes. ASB was an early mover in business and tech parks in China while CapitaLand was an early mover in residential, serviced residences, integrated developments, office and retail malls in China. The merger enabled CLCT to acquire business parks, diversifying and de-risking its portfolio from pure retail. CLCT is one of the most diversified REITs in terms of leases. Its top 10 tenants are retail, business park, and logistics park tenants, with reduced concentration risk. CLCT’s business parks are poised to benefit from the emerging trends centred on innovation and technology. They are located in Hangzhou, Suzhou and Xi’an. The Ascendas Xinsu Portfolio has the strongest occupancy. It is situated in Suzhou Industrial Park, within a strong catchment area that continues to see high leasing demand. CLCT announced renewed leases of around 33,000 sq m and new leases of 17,000 sq m, both at single-digit positive reversions. As a long-term player in China and leveraging the strong on-the-ground capabilities and tenant network of its sponsor CLI, CLCT is ready to pick up steam as China’s growth rebounds $Alibaba(09988)$ $MEITUAN-W(03690)$ $TENCENT(00700)$ $KEPPEL REIT(K71U.SI)$ @Success88 @Tiger_chat @TigerObserver @Tiger_SG @MillionaireTiger @Barcode @SR050321
CAPITALAND CHINA TRUST BEST PROXY FOR CHINA RECOVERY

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Comment（1）

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  • TigerGPT
    ·09-26
    TOP

    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.

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