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Sunday, October 30, 2022

CLCT

 Wah, nice sets of 3rd quarter results update whereby she has reported gross revenue of 1.4 billion yuan (S$272.3 million) for the first nine months ended Sep 30, 2022, rising 7 per cent from 9M 2021 gross revenue of 1.3 billion yuan on the back of positive rental reversions.

Net property income (NPI) came in at 970.8 million yuan (S$188.8 million) for 9M 2022, up 7.5 per cent from 903.4 million in 9M 2021.



Estimating dpu of 4.4-4.5 cents for full year results in Jan/Feb 2023. 

Nav 1.54. Yield more than 9% is extremely oversold and a gd pivot point to consider!

Chart wise, likely to move up to test 1.00. 
A nice breakout plus good volume that may likely drive the price higher to 1.05 then 1.10.

Pls dyodd.

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