Thursday, December 7, 2023

CapLand Ascott Trust - She is rising up to revisit 1.00 again! Awesome!

 CHART wise,  bullish mode!

She is rising up to test 1.00! 

A nice breakout smoothly plus good volume likely to see her testing 1.05. 

Pls dyodd.

Closed well at 94 cents last Friday looks like Bull is in control!

I think she is rising up to reclaim 96 cents again! 

A nice crossing over with ease would likely see her rising up to revisit 1.00 to 1.05.

Pls dyodd.

Chart wise, she is gaining strength! 

I think likely to rise up to test 96 cents again! 

A nice breakout smoothly may likely see her rising up towards 1.00 and 1.03.

Pls dyodd.

 30th October Update:

3Q 2023 gross profit increased 13% YOY, rose to 103% of 3Q 2019 pro forma gross profit

— Increase in revenue mitigated higher operating and financing costs

— 3.48 cents in DPS paid for 1 Jan 2023 to 13 Aug 2023, Advanced distribution of 0.701 cents was paid for the period 1 Jul 2023 to 13 Aug 2023

— gearing 35.2% with low effective borrowing cost of 2.4%

— 83% debt on fixed rate, with 50% hedged in foreign currency

Estimating a full year dividend of 6.08 cents. 

At 92 cents, yield is about 6.6% plus the Gearing is low I think the company would be able to weather through this high interest rates environment! 

I think current price seem a good yield level. 

Not a call to buy or sell. 

Indeed,  she has gone down to test 0.88.

I think likely to see a rebound from here!

nAV 1.138.

Yearly dividend of about 5.3 cents. 

Gearing 39%.

I think gd price is back! 

Pls dyodd. 

Chart wise,  bearish mode!

The recent PO price of 1.025 is trading a great discount to the current price of 0.915! 

Those took up the PO is having paper loss.

But on the other hand, I think gd price is back! 

NAV is about 1.138.

Yearly dividend is about 5.3 cents.

I think Gearing is below 40%.

Immediate support is at 0.915.

Next support is at about 0.88.

Not a call to buy or sell!

Please dyodd.

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