|Bid||3.09 x 0|
|Ask||3.10 x 0|
|Day's range||3.07 - 3.11|
|52-week range||2.98 - 3.88|
|Beta (3Y monthly)||0.91|
|PE ratio (TTM)||9.39|
|Earnings date||14 Nov 2018|
|Forward dividend & yield||0.12 (3.83%)|
|1y target est||4.06|
SINGAPORE (Nov 13): CapitaLand announced that its third integrated development private investment vehicle in China, Raffles City China Investment Partners III (RCCIP III), has formed a 50:50 joint venture (JV) with Singapore’s sovereign wealth fund GIC to acquire Shanghai’s tallest twin towers for RMB 12.8 billion ($2.54 billion). CapitaLand holds a 41.7% stake in RCCIP III, with the remaining interests held by investors from Asia, North America and the Middle East. The development is currently under development in the Hongkou District and will be CapitaLand’s third Raffles City integrated development in Shanghai and 10th globally.
Results from SIA, ST Engineering and CapitaLand, an interest-rate decision by the central bank of Indonesia and Chinese retail sales are some of next week's highlights.
CapitaLand held four residential launches in China over the past month, in which it sold a total of 1,506 units worth 2 billion yuan ($396.7 million)...
ESR-REIT (SGX:J91U) and CapitaLand Retail China Trust (SGX:AU8U) both have high distribution yields of more than 7% at the moment.
Retail is evolving along with technological advancements, and here are three interesting trends we think investors should take note of.
SINGAPORE (Nov 8): CapitaLand today announced the opening of NomadX: a double-storey, 11,000 sqft multi-label concept store at Plaza Singapura that puts forth “a new blend of physical and digital experience” with a combination of olfactory, audio-visual and other consumer experiences offered by its tenants. NomadX incorporates short-term leases and “plug & play” retail units that are integrated with smart retail infrastructure with data analytics capabilities. This makes it a suitable testbed for retailers to trial new concepts and products, as well as respond to consumer reception and feedback more swiftly, says CapitaLand in a filing on Thursday.
SINGAPORE (Nov 7): CapitaLand in October saw a total of four residential launches in China worth RMB2 billion ($396.7 million), its highest home sales value in the country over a 30-day period this year. In a Wednesday press release, the property developer says its successful launches over the past month coincided with China’s traditional high season for new home sales, dubbed “Golden September Silver October”. Parc Botanica’s launch in Chengdu was the most successful by far, with all 388 units sold out for RMB332 million, followed by La Botanica in Xi’an, which sold 97% of 535 units for RMB585 million.
In this article, we will look at 10 points from CapitaLand Retail China Trust's (SGX: AU8U) latest results announcement.
SINGAPORE (Oct 30): The manager of CapitaLand Retail China Trust (CRCT) has announced a 3Q18 DPU of 2.41 cents after accounting for an enlarged unit base, post CRCT’s Dec 2017 private placement to finance its joint acquisition of Rock Square. The latest quarterly DPU represents a 1.7% increase from CRCT’s of 2.37 cents a year ago, or an increase of 8.6% when compared to 3Q17’s adjusted DPU of 2.22 cents. Gross revenue for 3Q fell 1.1% to $55.35 million due to lower contributions from the trust’s multi-tenanted mall CapitaMall Grand Canyon, as well as its two malls under stabilisation, CapitaMall Minzhongleyuan and CapitaMall Wuhu.
SINGAPORE (Oct 26): The manager of CapitaLand Commercial Trust (CCT) has reported an 8.9% increase in 3Q18 DPU to 2.20 cents, compared to 2.02 cents in 3Q17. Gross revenue during the quarter came in at $100.5 million, 35.6% higher than $74.1 million last year, mainly due to contributions from AST2 and Gallileo which offset the loss in gross revenue due to the divestments of Wilkie Edge and Twenty Anson. Property operating expenses also increased by 29.0% y-o-y to $20.1 million, bringing net property income for 3Q18 to $80.4 million, 37.3% higher than $58.6 million a year ago.
SINGAPORE (Oct 25): The manager of CapitaLand Mall Trust (CMT) has announced a 3Q18 DPU of 2.92 cents, 5% higher compared to the DPU of 2.78 cents declared for 3Q17.
CapitaLand is said to be investing about RMB 12.79 billion ($2.54 billion) to acquire the Star Harbour International Center project in Hongkou, Shanghai, according to real estate online portal Mingtiandi.
SINGAPORE (Oct 17): CapitaLand is said to be investing about RMB 12.79 billion ($2.54 billion) to acquire the Star Harbour International Center project in Hongkou, Shanghai, according to real estate online portal Mingtiandi. CapitaLand has yet to make a statement regarding the acquisition. When The Edge Singapore reached out to CapitaLand for comments, the group said the tender has not taken place yet and declined to reveal whether or not they are taking part in it.
CapitaLand Retail China Trust (SGX:AU8U), First Real Estate Investment Trust (SGX:AW9U), and Frasers Hospitality Trust (SGX:ACV) are REITs with attractive distribution yields.
CapitaLand revealed on Thursday (4 Oct) that it has clinched a $300 million multi-currency sustainability-linked loan from DBS Bank...
Here are the key details of CapitaLand Mall Trust's (SGX: C38U) proposal to purchase the remaining 70% stake in Westgate.
Singapore-listed property giant CapitaLand has invested $27 million for a 50% stake in co-working operator, The Work Project. The two-year-old operator has two co-working and serviced office spaces in Singapore – a 24,000 sq ft space in OUE Downtown, and a 15,000 sq ft space at Park View Square in Bugis. It also has a 36,000 sq ft space in Hong Kong.
CapitaLand Mall Trust (SGX:C38U) wants to acquire full ownership of Westgate. Is the REIT getting a good or bad deal?
SINGAPORE (Sept 17): The Ascott Limited, CapitaLand’s serviced residence business unit, is investing about US$26 million ($35.8 million) for a 70% stake in Green Oak Hotel Management, the holding company for Tauzia Hotel Management.