Fed chief won't resign! 0.25% cut for Nov. CapLand IntCom Tr super oversold due to panic selling! I think great price is back! We may see a rebound! Pls dyodd.
5th November 2024:
CapLand IntCom Tr - 3rd quarter results update is out ! Gross Revenue is up 1.7 percent to $1,189.8 million.
Net property income (NPI) for the same period rose by 5.4% y-o-y to $872.1 million, driven by higher gross rental income from existing properties and lower operating expenses, despite the absence of income from Gallileo which has been undergoing an asset enhancement initiative (AEI) since February 2024.
Committed occupancy in 3Q2024 was 96.4% with weighted average lease expiry of 3.5 years. Total rental reversions for 9MFY2024 was a positive 9.2%. Tenans sales rose by 1.4% y-o-y while shopper traffic rose by 3.7% y-o-y for the same period.
Occupancy rate 96.1%.
Gearing 39.4%.
ICR 3x.
But share price seem to be weak and close 2 cents lowered at 2.02.
May be the market is expecting a better set of financial numbers!
Pls dyodd.
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