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CapitaRetail China Trust (CRCT)
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bystander1965
Supreme |
22-Dec-2021 13:47
Yells: "What I say is just my assessment. DYODD" |
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If that's your analysis then go for Fraser then. Why are u here?🤔
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fatpig
Senior |
22-Dec-2021 13:41
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According to statistic Singaporean spend more $ locally.   No forex risk. mRNA vaccinces seem doing ok for now.   China made vaccines not that effective - according to China CDC chief,   he suggest China continue SARS strategy this is not good for their economy.   To resolve supplies chain problem many factories have to relocate their production plants elsewhere. Japan alone more than 1000 factories move out of China.    
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bystander1965
Supreme |
22-Dec-2021 13:33
Yells: "What I say is just my assessment. DYODD" |
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Covid doesn' t affect Fraser Centrepoint? Consumer spending power doesn' t affect it? If anything Fraser centrepoint is 100% SG retail. A small market. The effect may be more severe. But as I said, worry about it when it happens. Otherwise, it' s better to stay away from the market.  
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fatpig
Senior |
22-Dec-2021 13:25
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Why if compare with Frasser Centerpoint with CLCT.    
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halleluyah
Supreme |
22-Dec-2021 13:16
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nav 1.485.............tis babe still way undervalued..........
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bystander1965
Supreme |
22-Dec-2021 13:16
Yells: "What I say is just my assessment. DYODD" |
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Fat fingers. "A life have similar risks" should read "All stocks have ..."
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bystander1965
Supreme |
22-Dec-2021 13:14
Yells: "What I say is just my assessment. DYODD" |
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Those are valid concerns. However we deal with it when it really happens. Otherwise we shouldn't be in the stock market because all stocks have risks. A life have similar risks while other have other type of risks. But that's my approach. You may have yours.
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fatpig
Senior |
22-Dec-2021 13:03
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My concern for this share 1.   Local purchase power 2. COVID 3. Forex - China Government has been limiting the supplies of CNY in the " open market" that cause overnight interest rate again USD stay high (around 8 - 35 pips for past 3 years).     Forex traders take short position in USD/CNY pair to earn interest from China Government.   Once China foreign reserve could not affort to do so, the CNY could be devalue and affecting its asset value and dpu.  
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marketuncle
Veteran |
22-Dec-2021 13:01
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Mathematically, it always easier for REITs that trade way above book value such as KDC, MCR etc) to acquire both yield and DPU accretive deals than those that trade under, such as CLCT and Sabana. For CLCT at least, it can still maintain their NAV which is already commendable. I' m not a buy and forget investor but do monitor the ppty/tenants etc closely and will also bail out when the lemon sours. :)... so i' m still quietly optimistic for CLCT to execute their 5 yr strategy to diversify away from pure retail ppties.
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bystander1965
Supreme |
22-Dec-2021 12:55
Yells: "What I say is just my assessment. DYODD" |
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Btw I don't really look into dpu increase too much cause if anything is still way better than bank interests. So sometimes I just such it up. 😂 | ||||
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bystander1965
Supreme |
22-Dec-2021 12:51
Yells: "What I say is just my assessment. DYODD" |
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Don't worry. I was not rebutting you although my post happened to appear right after yours. I understood your point but I don't have the information to either support or rebut. Granted the increase was not spectacular like those of Kdc or flc. Perhaps should look at how other retail REITs dpu performed over the years.
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pkli899
Supreme |
22-Dec-2021 12:46
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Thanks bro bystander1965 for the dividends data.   Maybe I didn&rsquo t express my view clear enough. I&rsquo m not saying dividends didn&rsquo t increase. I&rsquo m comparing dividends relative to acquisitions. The data bro bystander1965 provided indeed can help me to illustrate my point. From the data, we can see there is dividends growth. But it&rsquo s not exponential relative to CLCT&rsquo s portfolio increase. Do u know, excluding latest acquisition, from IPO till now, CLCT portfolio increased 5 folds. Of course, we cannot expect DPU to also increase 5 folds but isn&rsquo t the increase not as satisfactory? If u r still not convinced, let&rsquo s look at NAV. NAV at IPO is 1.43. Current NAV? Around 1.46 to 1.48 (need to see coming results to determine). Again, we cannot expect 5 folds increase but what is the percentage of increase? Very low right? This go to show acquisitions all these years were not so fantastic as far as value adding is concern. One reason is net income from new acquisitions barely match the increase in new units issued. Another reason is new purchases not really accretive because purchase price too high.   I must say, I like the exchange of constructive views. Is ok to differ in opinion, so long as we see things objectively. Most importantly, no shouting, no names calling, no hatred, even if we do not agree with each other. We can then learn from each other. Cheers.   I would like to take this opportunity to share what I believe which many also shared before. That is, do not love your stocks. Otherwise, u become blinded and biased. Always look at it objectively. Study and know their business. Follow closely, so that u get the most up to date news. Look out for fundamental changes. If there are changes, see whether is bad? If bad, whether is once off and recovery is expected. Once u confirmed it will not get better, u have to exit. Take Sabana Reit for example. I used to own almost a million units and was getting good DPU for many years. The moment I noticed they were buying properties at high price from their sponsor, I exited (left with slightly above 10k units). The rest is history. I see myself as a value investor, I own CLCT long term (mainly for passive income). I don&rsquo t really care about it&rsquo s price fluctuation. I only added recently because price went too low. CLCT performance, so far so good, not too good but not too bad either. I like that they have diversified. This will mitigate the risk of income source concentration. However, I&rsquo m also wary of the yield of their latest purchase, knowing nothing beats rental yield of retail space.   I really hope the contribution from the properties can meet expectation. This will prove they bought it at fair value, not just buy for the sake of growing their portfolio. Sorry for being so lo so (long winded).
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bystander1965
Supreme |
22-Dec-2021 12:42
Yells: "What I say is just my assessment. DYODD" |
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Right... Your are the only most savvy and sophisticated investor/trader/player in the market. 🤪 Btw restoring to insulting others prices only 1 point. I leave it to you and others to figure that out. Kekeke. | ||||
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fatpig
Senior |
22-Dec-2021 12:32
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Do your own reasearch - news from 163.com and your business partnerts in China.   If you don' t have all this contact you are just a ignorant investors kana play by China Communist Party.      
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bystander1965
Supreme |
22-Dec-2021 12:27
Yells: "What I say is just my assessment. DYODD" |
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For you and I who don't trade it that's definitely the case.
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marketuncle
Veteran |
22-Dec-2021 12:17
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The forward DPU increase is much more certain than the share price. DPU is all i care, share price is quite irrelevant for me, unless it dips more for me to buy more.  | ||||
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bystander1965
Supreme |
22-Dec-2021 12:15
Yells: "What I say is just my assessment. DYODD" |
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I would agree. Once got called out, my friends, and this and that will start to appear. (i.e unverfiable sources in case kena pofma, Hahaha). Anyway, DYODD is best. Listen here listen there, end up $1 becomes 10c instead of $1.1.  
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halleluyah
Supreme |
22-Dec-2021 12:07
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expecting dpu to go higher wth business park/data ctr/logistic....
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bystander1965
Supreme |
22-Dec-2021 12:05
Yells: "What I say is just my assessment. DYODD" |
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Also be aware clct is pivoting away from pure retail. U should know if u have interest and been following. | ||||
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bystander1965
Supreme |
22-Dec-2021 12:04
Yells: "What I say is just my assessment. DYODD" |
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Sorry to say this is at best a generalisation. Birds of the same feathers Glock together. Perhaps all these of yours are of the same type. Can we generalise to all? Hmmm.. how many? A relative can represent the whole of China? I think you need to do better than that. Give reliable stats. Third party is best. Otherwise one can argue government stats are skewed
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