Tuesday, November 29, 2022

CapLand China tr

 Wah, BB coming in to scoop it up! 


Pls dyodd.

 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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