|Bid||3.13 x 0|
|Ask||3.14 x 0|
|Day's range||3.1200 - 3.1500|
|52-week range||2.9800 - 3.8800|
|Beta (3Y monthly)||0.93|
|PE ratio (TTM)||9.21|
|Earnings date||11 Feb 2019 - 15 Feb 2019|
|Forward dividend & yield||0.12 (3.73%)|
|1y target est||4.07|
In this article, we will look at the latest financial performance and valuation of CapitaLand Commercial Trust (SGX: C61U).
SINGAPORE (Nov 22): Despite a change of analyst, Phillip Capital is maintaining CapitaLand at “accumulate” with a lower target price of $4 compared to $4.19 previously, translating to a FY18E P/NAV ratio of 0.72 times. This comes after the real estate developer recently released its 3Q18 results where earnings rose 13.6% on-year to $362.2 million on lower costs and expenses, and in line with the research house’s forecasts. In a report last Friday, analyst Tara Wong says she remains positive on CapitaLand as management is expecting 4Q18 to be a bumper quarter, stemming from healthy China residential pre-sales with over 90% takeup rates in 4Q18 launches so far.
This article will help us better understand the asset utilisation, profit margin and gearing of CapitaLand Limited (SGX: C31).
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.