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Friday, May 17, 2024

CapLand China tr - She is trading at 68.5 cents, yield is more than 6.7 percent which I think is a great yield level! Gearing is slightly above 40 percent. NAV 1.19. Do take note!

 CapLand China tr - She is trading at 68.5 cents, yield is more than 6.7 percent which I think is a great yield level! Gearing is slightly above 40 percent.  NAV 1.19. Do take note!



 Capland China Tr 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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