CapitaCom Trust

$CapitaCom Trust(C61U.SI) I think very high chance of breaking down 1.61 and head lower towards 1.50 level then 1.46 with extension to 1.40 level.

NAV of $1.76.
P/B of 0.93.

Average DPU of 8.6 cents .

Yield of 5.2%.

I think this is still not attractive. I Would like to wait till the yield is minimum of 5.5% or more .

It would be interesting to take a look when it is trading at around $1.50 and below to achieve a  min Yield of 5.7% ..

Looking at their financial numbers for the past 5 years , Total Revenue has generally risen from 262m in 2014 to about 344m in 2018. Looks quite consistence .

DPU has generally been fluctuating from 8.5 cents to 9.1 cents. Average DPU us about 8.7 cents. Quite stable .

Gearing is about 32% looks pretty good.

I think the fair value is toughly around $1.40 level.

In order to have a bigger MOS, one would like to get it below $1.40. Perhaps $1.20 level could be
Quite a good accumulation point.



Not a call to buy or sell.

Please do your own due diligence.

 CapitaLand Commercial Trust is Singapore’s first and largest commercial REIT with a market capitalisation of approximately S$6.6 billion. CCT aims to own and invest in real estate and real estate-related assets which are income producing and predominantly used, for commercial purposes. The total value of CCT’s deposited properties is approximately S$10.7 billion as at 31 March 2018 comprising a portfolio of 10 prime commercial properties in Singapore. The properties in Singapore are Capital Tower, CapitaGreen, Asia Square Tower 2, Six Battery Road, Raffles City (60.0% interest through RCS Trust), One George Street (50% interest through OGS LLP), HSBC Building, Twenty Anson, Bugis Village and CapitaSpring (45% interest through Glory Office Trust and Glory SR Trust), an upcoming 51-storey integrated development in Raffles Place. CCT has been a constituent of FTSE4Good Index Series (FTSE4Good), a series of benchmark and tradable indices derived from the globally recognised FTSE Global Equity Index Series. FTSE4Good is designed to track the performance of companies meeting international corporate responsibility standards and forms the basis for over 70 different funds and investment products. CCT is also a constituent of other widely recognized benchmark indices such as MSCI, the SGX Sustainability Index and FTSE Straits Times Index. CCT is managed by an external manager, CapitaLand Commercial Trust Management Limited, which is an indirect wholly owned subsidiary of CapitaLand Limited, one of Asia’s largest real estate companies headquartered and listed in Singapore.