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CRCT to acquire five business park properties and the balance 49% interest in Rock Square for RMB4,945 million
- Strategic addition of highly resilient business park properties in three highgrowth cities
- 100% ownership in Rock Square, a core asset with proven track record
- Attractive entry valuation that delivers accretion
It might cool down abit cos Friday!
almost there 
ghetto ( Date: 06-Nov-2020 09:12) Posted:
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Waiting to go back up to 130s level very soon...all eyes on it.
Tomorrow better day! Huat
Otw slow and steady~
ghetto ( Date: 05-Nov-2020 14:27) Posted:
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All eyes on this. Watch it climb...
Soon soon, maintain and chiong
Hope to welcome 130...China is poise to make swift recovery.
Good day CRCT, keep moving~
Eyes don' t leave this one. 
Eyes on this one...
Solid! maintaining the pace
tangoanna ( Date: 02-Nov-2020 14:45) Posted:
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Slow and steady
Yes, unless outbreak again in China
Hope traders and portfolio mangers buy into this...
-A slowing pace of virus infections and optimism over China' s economic recovery is burnishing the appeal of Asian stocks for some money managers as volatility in global markets jumps ahead of next week&rsquo s U.S. vote.
-China' s economy has regained all the ground it lost in the first half, boosting prospects for the region' s growth.
-The latest economic data from China show its recovery from the pandemic slump is broadening out, with stronger growth in manufacturing and consumer spending.
-Asian stocks will continue to outperform as " economies are starting to heal" from the virus-induced damage and valuations are cheap.
Asia Stocks Pitched as a Safe Haven From Volatile U.S. Election
https://www.bloomberg.com/news/articles/2020-10-31/asia-stocks-pitched-as-a-safe-haven-from-volatile-u-s-election?srnd=premium-asia-A slowing pace of virus infections and optimism over China' s economic recovery is burnishing the appeal of Asian stocks for some money managers as volatility in global markets jumps ahead of next week&rsquo s U.S. vote.
-China' s economy has regained all the ground it lost in the first half, boosting prospects for the region' s growth.
-The latest economic data from China show its recovery from the pandemic slump is broadening out, with stronger growth in manufacturing and consumer spending.
-Asian stocks will continue to outperform as " economies are starting to heal" from the virus-induced damage and valuations are cheap.
Yes but got to be prepared for short term headwinds. Market don' t look good.
GreenTrap ( Date: 31-Oct-2020 11:09) Posted:
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CapitaLand Retail China Trust malls experience rise in sales, footfall for Q3
CAPITALAND Retail China Trust (CRCT) tenants' sales have recovered 25.8 per cent quarter-on-quarter as Covid-19 restrictions ease, with third-quarter sales standing at 91.9 per cent of last year' s.
The China mall real estate investment trust' s (Reit) manager said in a business update on Friday that total shopper traffic at its malls for Q3 recovered 34.7 per cent quarter-on-quarter, and is now short 11 per cent from previous year' s numbers.
CRCT' s total portfolio occupancy rate stood at 93.7 per cent as at Sept 30, down from 98.3 per cent a year ago. About 331 leases, representing about 10.4 per cent of the Reit' s gross rental income, are still up for renewal this year.
Weighted average lease expiry (Wale) stood at 2.4 years by gross rental income. Its gearing stood at 34.7 per cent as at Sept 30, compared to 33.6 per cent in the previous quarter.
It has S$356 million of available credit facilities, with total debt standing at S$1.3 billion.
The Reit' s manager said it remains " well-diversified" , with tenants in over 14 trade categories such as food and beverage, sporting goods and apparel, as well as fashion and accessories. Its malls have a " high orientation towards lifestyle essentials and necessities" , it said.
The Reit manager said it is looking to rejuvenate its offerings to capture new shopper demand. It will work on improving the quality of social dining, shift towards sustainability and green products, as well as embrace more healthy living and beauty products.
It is also exploring ways to engage shoppers through livestreaming platforms or tapping into seasonal marketing campaigns, to capture both offline and online retail sales growth.
From this year onwards, it will also work to extract value from Rock Square, a five-storey shopping mall located in Haizhu District. The Reit manager said it will reconfigure space at the third level for smaller and higher-yielding food and beverage tenants, which it expects will result in a 15 per cent return of investment.
It will also look to add more that 1,000 sq m of net lettable area over the next two to three years.
Looks like on the right track
tangoanna ( Date: 30-Oct-2020 18:55) Posted:
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