CapitaLand China Trust
AU8U.SI : Singapore Exchange
0.680
+0.74%
Share Price in SGD. As of 26 Jul 17:04:43 SGT
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Key stats
- 52-Week HighSGD 1.050
- 52-Week LowSGD 0.655
- Market CapSGD 1.2B
- Avg Volume3.2M
- P/E Ratio (TTM)34.00
- Forward Dividend Yield10.3%
Share Price Performance
| AU8U.SI | Market
| |
|---|---|---|
| 1 Day | 0.00% | 0.24% |
| 5 Day | -1.45% | -0.31% |
| 1 Month | 2.26% | 2.49% |
| 6 Month | -17.58% | 9.02% |
| YTD | -26.09% | 6.08% |
| 1 Year | -23.16% | 6.50% |
| 5 Year | -55.37% | 9.82% |
Beansprout Analysis
Beansprout's Checklist
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Occupancy Rate of 91.4% is lower than sector average of 93.3%
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Net property income yield of 5.26% is lower than its dividend yield of 10.3%
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Gearing Ratio of 0.41x is higher than sector average of 0.40x
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Interest Coverage Ratio of 3.0x is above 2.5x
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Net Book Value of $1.21 is lower than its net book value of $1.38 in the previous year
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Dividend Yield of 10.3% is higher than sector average of 7.8%
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Distribution per unit growth is -10.13%
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Price to Book of 0.56x is lower than sector average of 0.65x
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Revenue Breakdown by Asset
Revenue Breakdown by Geography
Market Analysis
Consensus Share Price Target
Price Target: $0.983
Source: SGX as of 26 Jul 2024
Analyst Ratings
DBS Research
25 Apr 2024
Buy
0.950
(prev 105.000)
OCBC Investment
24 Apr 2024
Buy
0.860
(prev 0.950)
Analyst Reports
Valuation
Price to book (P/B) ratio
0.6
0.8
CapitaLand China Trust's current P/B ratio of 0.6x is lower than its historical average P/B ratio of 0.8x.
Earnings
Earnings Highlights
1Q 2024 Business Updates
Revenue: SGD 468.10M
Decreased 2% Year-on-Year
Net Property Income (NPI): SGD 313.10M
Decreased 8% Year-on-Year
Leverage/Gearing: 41%
Outlook
Retail: CLCT positioned to ride growth of domestic consumption with the completed AEIs and unit reconfigurations in 2023. CLCT to continuously fortify mall positioning, while actively pursuing divestment of mature and non-core retail assets. Business Park:While the current business climate remains cautious, recent governmental policies signal stronger support for key technology sectors. Our business parks are positioned favourably to capture opportunities in this evolving landscape. CLCT to execute property-specific leasing approaches to secure and draw tenants to business parks. Logistics Park: Continued supply pressure and weaker logistics demand is expected to result in higher vacancy rates in the short term, potentially impacting rental growth in 2024. CLCT to focus on tenant retention and driving occupancy rates.
Sources: CapitaLand China Trust Financial Report
Earnings per share (EPS)
The latest earnings per share is $0.02, which is lower than the earnings per share of $0.07 in 2022.
Financials
Financial Statements
| 30 Jan 2024 | For period ending 31 Dec 2023 |
| 27 Jul 2023 | For period ending 30 Jun 2023 |
Annual Reports
| 11 Apr 2024 | For period ending 31 Dec 2023 |
| 28 Mar 2024 | For period ending 31 Dec 2023 |
News
Profile
Company Description
CapitaLand China Trust (CLCT) is Singapore’s largest China-focused real estate investment trust (REIT). CLCT’s portfolio constitutes nine shopping malls, five business park properties and four logistics park properties. The geographically diversified portfolio has a total gross floor area (GFA) of approximately 1.8 million square metres (sq m), located across 12 leading Chinese cities. CLCT was listed on the Singapore Exchange Securities Trading Limited (SGXST) on 8 December 2006, and established with the objective of investing on a long-term basis in a diversified portfolio of income-producing real estate and real estate-related assets in mainland China, Hong Kong and Macau that are used primarily for retail, office and industrial purposes (including business parks, logistics facilities, data centres and integrated developments).