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CapitaLand China Trust (CLCT)
Company in the news
CapitaLand Investment divests 95% stake of Grade-A office Capital Square Beijing to AIA Life Insurance
CLI will hold the remaining 5% stake and provide asset management services, which will contribute to its recurring fee income.
January 31, 2024
Broker's Calls
Brokers' Digest: Dyna-Mac Holdings, Centurion Corp, Sembcorp, DFI Retail Group, BRC Asia, CLCT, LHN, Japan Foods
See what the analysts say this week.
December 16, 2023
Broker's Calls
CLCT may commence buybacks with proceeds from Shuanjing mall sale
CLCT is now trading at just 0.6x book value
December 08, 2023
REITs
CLCT to net RMB690.7 million from divestment of Beijing mall
This property in Beijing was part of the initial portfolio when CLCT was listed back in 2006
December 06, 2023
Broker's Calls
DBS lowers target price to $1.20 for CapitaLand China Trust amid new economy assets showing slower progress
DBS analysts say that CLCT’s new economy segment may now be a portfolio drag; noting the depreciating RMB against SGD.
November 01, 2023
Results
CapitaLand China Trust reports 3QFY2023 gross revenue of RMB478.8 mil, 1.9% lower y-o-y
3QFY2023 NPI rose by 1.2% y-o-y to RMB316.4 million driven by its retail portfolio.
October 27, 2023
REITs
CapitaLand China Trust prices inaugural $112 mil worth of free trade zone offshore CNY bonds
The bonds will be issued in denominations of CNY 20 million and integral multiples of CNY1 million in excess thereof.
October 13, 2023
Broker's Calls
Depreciating RMB 'throwing salt' on CapitaLand China Trust's 'recovering wounds', 1HFY2023 DPU down 8.8% y-o-y: DBS
Divestment will continue to feature strongly within CLCT’s retail segment among older non-core retail assets, say DBS’s analysts.
August 01, 2023
Results
CLCT reports 1HFY2023 DPU of 3.74 cents, eyes better 2H
Tenant sales at certain malls have exceeded pre-pandemic levels
July 27, 2023
REITs
This is why refinancing of Chinese S-REITs and trusts takes longer
Inter-creditor agreement slows down refinancing of Chinese assets for REITs; was disclosure late at DRT?
July 14, 2023