CapLand China Tr -CapLand China may rise up to reclaim 79.5-80 cents

30th October 2025:

3rd quarter results update is out! 

On the basis excluding CapitaMall Yuhuating’s contribution in 3Q 2024: -3.4% YoY

Net Property Income -8.5% YoY Same store basis excluding CapitaMall Yuhuating’s contribution in 3Q 2024: -4.4% YoY

Retail Malls Business Parks/Logistics Parks

3Q 2024 3Q 2025

298.9 273.5

RMB million

3Q 2024 3Q 2025

452.8 416.6

RMB million

• Retail revenue declined by 8.4% YoY, mainly due to absence of 3Q 2025 contribution from CapitaMall Yuhuating, 

lower rents and occupancy at CapitaMall Xinnan and mini anchor tenant repositioning at Rock Square

➢ Excluding CapitaMall Yuhuating’s contribution in 3Q 2024, retail revenue declined by 1.8% YoY

• Business Park revenue declined by 9.1% YoY largely due to lower occupancy at Singapore-Hangzhou Science & 

Technology Park Phase II

• Logistics Park revenue increased by 13% YoY mainly due to improved occupancy at Shanghai Fengxian Logistics parks. 

NPI is down 8.5% to RMB 273.5m.

Gearing Improved from 42.1% to 38.8%. 

ICR 2.9x . Average cost per debts also come down from 4.22% to 3.36%.

7th September 2025:

She is rising up to retest 81.5 cents! 

A nice breakout smoothly plus high volume we may see her rising up further towards 88.5 cents than 94.5 cents. 

Pls dyodd. 

7th September 2025:

Wow! Nice Gapped Up this morning at 80 cents, looks rather bullish!

She may rise up to test 82 than 88 cemts.

Pls dyodd. 

 7th September 2025:

Hosey! Last Friday,  non-farm employment figure only added 22,000 instead of 75,000 that may put pressure on Fed to cut interest for the coming meeting on 17th September 2025. A 98% chance that rate cut may likely happen!

Thus, this is gd news for the reit sector and also the equity market. 

CapLand China may rise up to reclaim 79.5-80 cents!

A nice breakout smoothly plus good volume we may see her rising up further towards 88 cents.

Pls dyodd.

1st September 2025:

 CapLand China  - Chart wise,  bullish mode. She is rising up to retest 80 cents soon. 

A nice breakout smoothly at 80 cents plus good volume we may see her rising up further towards 88-90 cents.

Pls dyodd. 

30th July 2025:

She is rising up to retest 80 cents!

Taking cue September will likely see Fed cutting interest rates of 0.25%.

Not a call to buy or sell!

Pls dyodd.

30th July 2025:

CLCT posts 1H 2025 net property income of RMB580.3 million

Upgrades underway at three retail malls to transform former anchor 

supermarket spaces into higher-yielding concepts 

Singapore, 30 July 2025 – CapitaLand China Trust (CLCT) reported a net property income 

(NPI) of RMB580.3 million for the six months ended 30 June 2025 (

CLCT posts 1H 2025 net property income of RMB580.3 million

Upgrades underway at three retail malls to transform former anchor 

supermarket spaces into higher-yielding1H 2025). NPI was 

impacted by lower gross revenue, partially mitigated by a 2.5% year-on-year (y-o-y) reduction 

in operating expenses across CLCT’s overall portfolio.

The decrease in gross revenue was attributed to lower contributions from the retail portfolio, 

largely due to ongoing supermarket upgrades at three retail malls, and lower occupancy at the 

business parks portfolio. This was partially offset by stronger performance from the logistics 

parks portfolio, which recorded a 2.0% y-o-y increase.

CLCT’s 1H 2025 Distribution Per Unit (DPU) was 2.49 Singapore cents. The lower DPU 

resulted from a decline in NPI and the weakening of the Renminbi (RMB) against the 

Singapore Dollar (SGD), which was partially offset by savings in finance costs. Including 

distributions from CapitaMall Yuhuating, which were retained

in view of its divestment to 

CapitaLand Commercial C-REIT (CLCR) as a seed asset, the DPU would have been 2.59 

Singapore cents.

XD 6th August.  Paydate 24th September. 

CLCT’s 1H 2025 Distribution Per Unit (DPU) was 2.49 Singapore cents. The lower DPU 

resulted from a decline in NPI and the weakening of the Renminbi (RMB) against the 

Singapore Dollar (SGD), which was partially offset by savings in finance costs. Including 

distributions from CapitaMall Yuhuating, which were retained1

in view of its divestment to 

CapitaLand Commercial C-REIT (CLCR) as a seed asset, the DPU would have been 2.59 

Singapore cents.

On 29 July 2025, CLCT obtained Unitholders’ approval for the divestment of CapitaMall 

Yuhuating to CLCR for no less than the minimum floor price of RMB748 million (approximately

S$134.9 million) and CLCT’s subscription for a 5% strategic stake in CLCR. With Unitholders’ 

approval received, CLCT, together with its sponsor CapitaLand Investment and CapitaLand 

Development, who are joint strategic investors in CLCR, will proceed to seek the local 

authorities’ approval for the listing of CLCR targeted around 3Q/4Q 2025. CLCT’s receipt of 

the gross proceeds from the divestment is subject to and shall take place after the completion 

of the CLCR offering.

Mr Gerry Chan, CEO of CLCTML, the manager of CLCT, said: “Despite ongoing economic 

headwinds in China, our portfolio continues to demonstrate resilience. Our retail occupancy 

remained high at 96.9% in 1H 2025, while we increased the occupancy of our business parks 

and logistics portfolio by proactively attracting tenants in key sectors aligned with China’s priorities, we are well-positioned to capture policy-driven opportunities as China pursues 

high-quality growth.” 

“We remain focused on seizing opportunities in China’s domestic market, including our 

strategic participation in the C-REIT, which offers new capital recycling pathways and 

attractive growth potential. The divestment of CapitaMall Yuhuating will unlock value from a 

mature retail asset, enhance our financial flexibility and strengthen our balance sheet. 

Through CLCT’s strategic stake in CLCR, we will continue to enhance long-term, sustainable 

returns for our Unitholders.”

“As part of our disciplined capital management, we have leveraged the easing interest rates 

in China to increase our RMB-denominated debt. The RMB share of total debt rose from 27% 

in 1H 2024 to 41% in 1H 2025, and we remain on track to meet our 50% target by end 2025. 

This strengthens our natural hedging position, mitigates foreign exchange fluctuations and 

optimises funding costs,” added Mr Chan.

technology ambitions. In 2025, we are prioritising the repositioning of our retail malls with 

unique and customer-centric offerings to address changing shopper preferences. By 

focusing our business parks and logistics parks on sectors aligned with the government’s

Mapletree Ind Tr - 98 percent chance Fed may cut rate on 17 Sept 2025, awesome

 22 October 2025;

Hosey! Nice breakout at 2.17 this morning! She is rising up to test 2.22 than 2.33. Pls dyodd. 

6 September 2025:

First Half results will be out on 29th Oct. Dividend is coming,  nice!

Mapletree Ind Tr  - 98 percent chance Fed may cut rate on 17 Sept 2025, awesome!

Nibbled a bit at 1.92 and last few days at 2.03 when people are fearful! 

Annual dividend is about 13 cents.  Yield is more than 6%. 

Pls dyodd. 

25th August 2025:

 Mapletree Ind Tr  - 85 percent chance Fed may cut rate in September. Reit sector likely benefit!

Nibbled small units at 2.03 taking cue interest rate likely cut in September may help to lower borrowing costs and thus help to lift the NPI and Dpu payout. 

chart wise,  she may rise up to test 2.09.

Next  2.13 and follow by 2.20.

Pls dyodd.

28th July 2025:

 Mapletree Ind Tr  - 1st quarter results is out.  GROSS revenue is up 0.3 percent to 175.8m vs 175.2. NPI is up 0.8 percent to 133m vs 132m, DPU is down 1.5 percent to 3.27 vs 3.32 cents last year. I think the results is not bad. Much better than my DPU expectations of 3.2 cents.

XD 4th August.  Paydate 8th September 2025.

Occupancy rate is stable at 91.4% vs 91.6% last year. 

Gearing is down from 40% to 37%. Very healthy Gearing level.

Pls dyodd. 

Venture - Nice, the dividend Gapped at 13.53 has been covered. Likely to continue to trend higher

 Hosey! Nice breakout at 13.53 and the Gapped has also been covered,  this is rather bullish and we may see her rising up further towards 14.00-14.12.

Huat ah!

Venture  - Nice, the dividend Gapped at 13.53 has been covered. Likely to continue to trend higher!

She may rise up to test 14.00 and above. 

Pls dyodd. 

1st September 2025:

 Price seem to bounce-off from after going XD and is now trading at 13.38, looks rather bullish!

She may rise up to cover the dividend Gapped at 13.53. Chiong ah!

Pls dyodd.

 1st September 2025:

Venture  - Today, she is going XD,  likely to see price corrected towards 13.28! 

Paydate 12th September 2025 for 30 cents dividend.

After XD, will she be able to continue this uptrend direction! 

Pls dyodd. 

Venture  - No Venture,  No Gain. She is rising up to cover the Gapped at about 13.53 looks rather bullish! 

Beyond 13.53, we may see her rising up further towards 14.00 and above!

XD 1st September for 30 cents dividend.

 Yield is about 5.96%. Very nice yield!

Pls take note!

16th August 2025:

 Venture  - She closed well at 13.30 last Friday,  looks rather bullish and may likley continue to trend higher!

Immediate resistance is at 13.42. Next, 13.72 follow by 14.00 than 14.30.

Pls dyodd. 

15th August 2025:

 Venture Corporation  - She is rising up to test 13.42 than 14.00.

After the released of the results,  the market seems to like the current sets of financial numbers.  The price has risen to trade at 13.31. Nice!

Pls dyodd. 

12th August 2025:

 Wow! A nice breakout recently at 12.95 and 13.00 level looks rather bullish and may likely continue to drive the price higher!

Last Friday closed at 13.10 exhibited strength and may likely rise up to test 13.42 than 13.70 with extension to 14.34.

Don't miss out!

This is the first time the company has declared Special dividend,  I think market is in favor of this special dividend. May be Final might have another special dividend.  

Special dividend 5 cents plus interim dividend 25 cents.  XD 1st September,  paydate 12 September. 

Boustead - Share price spike up to close very well at 1.68 after the announcements that the company is applying approval to the authority to list the real estate assets, this is rather positive

 Boustead  - Share price spike up to close very well at 1.68 after the announcements that the company is applying approval to the authority to list the real estate assets, this is rather positive.

Hitting all time high at 1.72 before closing at 1.68. If it can continue to stay above ATH price of 1.68, it may rise up further towards 1.80 than 2.00 and above. 

Not a call to buy or sell!

Pls dyodd.

Sembcorp Ind - She is still not out of the wood yet. Price need to rise up to cover the Gapped at 6.27

  Today, finally, can see a nice Green candlesticks! She is up 16 cents to 6.24. Hopefully, the Gapped at 6.27 can be covered!

3rd September 2025:

Sembcorp Ind  - She is still not out of the wood yet. Price need to rise up to cover the Gapped at 6.27.

Beyong 6.27, she may rise up to test 6.50 and above

Pls dyodd. 

 Sembcorp Ind  - Today, dividend will be credited to the account,  nice. She may rise up to reclaim 6.27.

Next, she may rise higher towards 6.40-6.50 than 6.70-7.00.

Pls dyodd.

15th August 2025:

 Sembcorp Industries  - Today XD, spotted a bullish candlesticks on the chart , looks like we may see a nice rebound soon! 

Hopefully,  it can bounce-off from here and rises higher towards 6.50 than 6.83.

Pls dyodd.

9th August 2025:

 The selling down seem too drastic!

A rebound is likely to happen soon! 

She may bounce-off and rises higher towards 6.70 and above!

Pls dyodd. 

9th August 2025:

 Sembcorp Industries’ earnings fell 1 per cent to S$536 million for the first half ended Jun 30, on the back of lower turnover from its gas business.

This translated to a 1 per cent decrease in earnings per share to S$0.3013, the company announced before the market opened on Friday 8th August 2025.

Interim dividend increased from 6 cents to 9 cents but share price Gapped down a

and was down almost 15% to 6.58 and closed at 6.72. She was down 14% from 7.80 before results released.  It looks like the selling is too drastic and we may see a throwing back reaction(aka rebound)anytime! 

Not a call to buy or sell!

XD 15th August and paydate 26th August.  The company has no cash flow issue and cash on hands of 879m! 

Pls dyodd. 

Quote : CFO Cheng highlighted that Sembcorp has S$3.5 billion in “on-demand liquidity that we can readily draw on to deploy for growth”. The sum comprises S$879 million in cash and S$2.6 billion in unutilised committed facilities as at end-June.

Said CEO Wong: “With a strong balance sheet, strong cash flow and strong Singdollar, this is shopping season. I can’t tell you a lot about what is being cooked, but there are opportunities out there, and we are very well-positioned to capture some of those.”

The company also expects to maintain a “sustainable” dividend payout despite the macro challenges. It declared an interim dividend of S$0.09 per share, up from S$0.06 per share in the year-ago period.

CapLand India - Hosey. A nice breakout of 1.20 level with ease we may see her rising up further towards 1.29

 Hosey! She is looking great to cross over 1.20! A nice breakout smoothly plus good volume she may run away towards 1.29 and above!

XD 8th September for 3.97 cents dividend still quite another 2 weeks to go!

Pls dyodd. 

2nd August 2025:

She is bouncing off from 1.13 and is now trading at 1.17-118 , looks rather interesting!

Re-entered small units at 1.14. Can see 2nd round of profit.

Ifvthe bullish momentum prevail she may cross 1.20 and rises higher towards 1.30.

Pls dyodd.

13th August 2025:

Yesterday, price was down 4 cents to 1.15. Luckily, I have locked in profit at 1.19. The price may go down to test 1.13 than 1.09. May be opportunity might come back!

They have just reported their 1st Half Results of which dPU was up 9% to 3.97 cents. But good results didn't see price reacted positively might be due to Fed signaling a not so rosy picture about rate cut for September.

XD 8th September. Paydate 18th September.

The XD date is still more than 1 month to go. Let's see how the price fluctuate going forward into August!

Quote: The Federal Reserve said on Friday that Governor Adriana Kugler was resigning from the central bank effective Aug. 8.