Ezotop

Monday, January 29, 2024

CapLand China Trust - 2nd Half results is out, dpu is down 11.8 percent to 3 cents versus 3.4 cents last year! Gearing 41.5 percent!

 posts 5.3% YoY  growth in net property income for

FY 2023, boosted by contribution uplift in 2H 2023




— 2H 2023 NPI grew by 10.5% YoY

— FY 2023 distributable income of S$113.9m (down 9.4%) and DPU of 6.74 cents (down 10.1%), impacted by foreign currency translation arising from SGD strength against the RMB as well as higher interest expense.

— gearing 41.5-%, with no refinancing needed till 2025

— ave cost of debt 3.57% with 82% debts on fixed.


NaV 1.21.


Yield is about 8.1% at 83 cents. 


Results is not good! 


Pls dyodd. 


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ComfortDelGro - Wow! Today closed well at 1.50, looks rather positive! Likely to continue to rise up to test 1.64 than 1.70 to 1.78. Pls dyodd.

   ComfortDelGro  - Wow! Today closed well at 1.50, looks rather positive! Likely to continue to rise up to test 1.64 than 1.70 to 1.78.  Th...