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Havent reach yet!!
tangoanna ( Date: 30-Apr-2020 10:28) Posted:
| Once break 1.62, soar to heaven. Merger with capitamall in 2 months. |
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Once break 1.62, soar to heaven. Merger with capitamall in 2 months.
CapitaLand Commercial Trust&rsquo s Q1 DPU down 25% to 1.65 cents
WED, APR 29, 2020 - 9:55 PM
CAPITALAND Commercial Trust (CCT) posted a 25 per cent fall in Distribution Per Unit (DPU) to 1.65 cents for the first quarter ended March, due to its retention of taxable distributable income and its decision to withhold distribution of tax-exempt income &ldquo as a matter of prudence&rdquo amid the Covid-19 outbreak.
Its gross revenue for the quarter inched up 3.8 per cent to S$103.6 million, driven by Main Airport Center, a freehold multi-tenanted office building near the Frankfurt International Airport, which was acquired in September 2019 higher revenue could also be credited to 21 Collyer Quay, CapitaGreen and the Frankfurt property called Gallileo. This was partly dampened by lower income from Asia Square Tower 2, Six Battery Road and Bugis Village.
CCT&rsquo s net property income rose marginally by 0.7 per cent to S$80.3 million, as the increase in revenue was partially offset by higher operating expenses. As of end-March, CCT&rsquo s total deposited property value was S$11.7 billion, while its adjusted net asset value per unit (excluding distributable income payable to unitholders) was S$1.83.
The CCT portfolio' s committed occupancy as of end-March was 95.2 per cent, down from 98.0 per cent in the last quarter. This was due to lower occupancy at Six Battery Road, with upgrading works following the lease expiry of an anchor tenant.
During the quarter, CCT signed about 303,000 sq ft of new leases and renewals, of which 22 per cent were new leases. New demand came from firms in sectors such as financial services, legal services, commodities, and maritime and logistics.
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CCT&rsquo s aggregate leverage as of end-March inched up to 35.5 per cent, up from 35.1 per cent as of end-2019, due to higher borrowings. It has an interest coverage ratio of 5.7 times.
Even amid Covid-19, CCT has renewed a significant proportion of expiring leases or is in advanced negotiations for most major leases due in 2020 &ldquo through proactive asset and lease management&rdquo , said Kevin Chee, chief executive of the trust&rsquo s manager.
About two-thirds of the leases (going by gross rental income) that are expiring in 2020 have been renewed or re-let. As of end-March, it had only about 10 per cent of committed office net lettable area to be renewed or re-let for the rest of the year.
&ldquo On the capital management front, CCT continues to be in a strong financial position to meet its financial and operational obligations, with aggregate leverage and interest coverage ratio well within loan covenant thresholds,&rdquo Mr Chee added.
On its outlook on the German market, CCT noted that CBRE reported market vacancy rates of 4.6 per cent in the Banking District and and 3.2% in the Airport District, where CCT&rsquo s two properties are separately located. &ldquo With the outbreak of COVID-19, leasing and investment activities in Frankfurt&rsquo s real estate sector have reduced,&rdquo the company said.
https://www.businesstimes.com.sg/companies-markets/capitaland-commercial-trust%E2%80%99s-q1-dpu-down-25-to-165-cents
Spent ur money on ur love one.
EdwardKK ( Date: 26-Apr-2019 09:22) Posted:
Good morning SgYuan,
Any other stock that you would recommend to buy?
SgYuan ( Date: 26-Apr-2019 09:08) Posted:
ew uptrend but in wabc already
ew w0 119 w5 205 wa 161 wb?201 wc?
wa 44
wb 40 up 90.1%
- strong wb if punch thr w5 break up
wc 44 tgt 157
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Good morning SgYuan,
Any other stock that you would recommend to buy?
SgYuan ( Date: 26-Apr-2019 09:08) Posted:
ew uptrend but in wabc already
ew w0 119 w5 205 wa 161 wb?201 wc?
wa 44
wb 40 up 90.1%
- strong wb if punch thr w5 break up
wc 44 tgt 157
|
|
ew uptrend but in wabc already
ew w0 119 w5 205 wa 161 wb?201 wc?
wa 44
wb 40 up 90.1%
- strong wb if punch thr w5 break up
wc 44 tgt 157
at this price can buY?
The HSR was expected to not only speed up travel between Kuala Lumpur and Singapore. It was supposed to make Jurong Lake District (JLD) one of its terminus and consequently usher the area to become the second ?central? business district (CBD) of Singapore.
HSR cancel => CBD office rental demand to remain strong and up?
Indeed very strange, why they never write down earlier or keep provision if there is such a clause in agreement.
chengwh1 ( Date: 26-Apr-2018 13:31) Posted:
https://sbr.com.sg/commercial-property/news/capitaland-commercial-trust-loses-85-bugis-villages-value
The above asset has been ' taken back' earlier by the Gov' t,... ....
" CCT said in its Q1 results announcement that Bugis Village will be returned to the State on 1 April 2019. This comes after the authorities chose to exercise the right to take back the property under the terms of the lease."
Woww,..... has anything like this ever happened before ?
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https://sbr.com.sg/commercial-property/news/capitaland-commercial-trust-loses-85-bugis-villages-value
The above asset has been ' taken back' earlier by the Gov' t,.......
" CCT said in its Q1 results announcement that Bugis Village will be returned to the State on 1 April 2019. This comes after the authorities chose to exercise the right to take back the property under the terms of the lease."
Woww,..... has anything like this ever happened before ?
It rebounded from 1.69 about 3 times. It could head up and now 1.75.
should be down to 1.65 levels when the rights issue happened and yields back closer to 5.50%.
The recent price move that brought its yields below 5% was simply unsustainable.
spore1 ( Date: 12-Feb-2018 15:51) Posted:
Seems like fund has been scooping .. immediate resistance is 1.79. Support at 1.71.
spore1 ( Date: 12-Feb-2018 15:31) Posted:
| Almost testing 1.70 level . I think may see some bargain hunting .. |
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Seems like fund has been scooping .. immediate resistance is 1.79. Support at 1.71.
spore1 ( Date: 12-Feb-2018 15:31) Posted:
| Almost testing 1.70 level . I think may see some bargain hunting .. |
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Almost testing 1.70 level . I think may see some bargain hunting ..
Ground breaking ceremony at Golden Shoe Park.
http://infopub.sgx.com/FileOpen/News%20Release_9Feb2018.ashx?App=Announcement& FileID=488423
SSH, Temasek took advantage of market softness to increase its % through DBS. See SGX report.
It may go down to test 1.70 level .
Anyone know why the sudden drop? Or is this a usual pattern after XD?
Maybe a BB is dumping the stock to scare retail investors, with a view to scoop up cheap later.
It is strange that CMT is doing so well compared to CCT, when reports indicate that CCT will do better due to the recovery of
office space rents.
casarasa ( Date: 02-Feb-2018 11:34) Posted:
Price was holding well at the 1.90 level .... but has now dropped to 1.80. Any chance it will drop further to the 1.70 level? |
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Price was holding well at the 1.90 level .... but has now dropped to 1.80. Any chance it will drop further to the 1.70 level?
Capitaland Commercial Trust has issued Rights Units @ $1.363 like only $0.30 below its share price...166 rights shares entitlement for every 1000 shares... worth it???
