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This stock shall tank to another low soon!
TANPK123 ( Date: 26-Jun-2020 23:44) Posted:
Hopeless support... Very bad support... Not even any buyer. All seller. Cheaper and cheaper.
vicloo ( Date: 25-Jun-2020 10:56) Posted:
| Strong support at 2-2.02 today 😁 |
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Hopeless support... Very bad support... Not even any buyer. All seller. Cheaper and cheaper.
vicloo ( Date: 25-Jun-2020 10:56) Posted:
Strong support at 2-2.02 today 😁
Sgvale ( Date: 25-Jun-2020 09:54) Posted:
| I see it turn up from her |
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CMT remains cautious amid retail headwinds
CAPITALAND Mall Trust (CMT) said on Thursday that it maintains a " cautious outlook" in the near-term, amid the fluid, evolving situation of the Covid-19 pandemic.
This comes as consumer sentiment has been dented following the Ministry of Trade & Industry' s downgrade of Singapore' s 2020 gross domestic product growth forecast to between -7.0 per cent and -4.0 per cent.
In CMT' s presentation slides released ahead of its annual general meeting on June 26, it said retail headwinds are expected in FY2020, with the softening of demand for retail.
While the majority of tenants have resumed operations, shopper traffic and tenants' sales are expected to remain muted as a result of economic uncertainty, low tourist visitorship and safe-management measures in place. There is also pressure on rental reversion and occupancy.
Beyond rental relief, CMT said that it will explore alternative leasing strategies to adapt to the new operating environmentand sustain healthy occupancy levels. It will also tap technology to extend consumer outreach and increase online businessopportunities.
At the same time, it will tighten operating expenses to conserve cash by enhancing operational efficiencies and suspending non-essential operating and capital expenditures. With the exception of ongoing upgrading works at Lot one Shoppers' Mall, it has deferred other asset enhancement initiatives and development work.
It has bank facilities in place for working capital requirements for FY2020 and FY2021 and allows greater flexbility for real estate investment trusts to manage loan and cash flow obligations.
For the first quarter ended March, CMT entered cash-conservation mode amid the volatility of Covid-19, leading to a 70.5 per cent fall in distribution per unit (DPU) to 0.85 cents for the first quarter ended March.
Gross revenue for the quarter inched up 6 per cent to S$204.3 million, and net property income was up 5.9 per cent to S$148.3 million. The growth arose from the June 2019 opening of Funan Mall, which contributed S$15.8 million to total gross revenue. But this was offset by the amortisation of rental rebates granted to tenants affected by Covid-19.
Observed most shops open with increasing footfall to norm
Why? U realized u buy reits and the dividends doesnt cover your capital loss / paper loss right? Poor thing
reitsdrz ( Date: 26-Jun-2020 00:11) Posted:
I Nv invest. But I think you are a Chee bye. To each his own right.
uiop1223 ( Date: 25-Jun-2020 16:07) Posted:
| Which is silly.. dividends whore |
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I Nv invest. But I think you are a Chee bye. To each his own right.
uiop1223 ( Date: 25-Jun-2020 16:07) Posted:
Which is silly.. dividends whores
Sgvale ( Date: 25-Jun-2020 13:55) Posted:
| Look like retail keeps accumulating CMT |
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Which is silly.. dividends whores
Sgvale ( Date: 25-Jun-2020 13:55) Posted:
| Look like retail keeps accumulating CMT |
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Manage to grab abit at 1.99
Sgvale ( Date: 25-Jun-2020 13:55) Posted:
| Look like retail keeps accumulating CMT |
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Look like retail keeps accumulating CMT
Strong support at 2-2.02 today 😁
Sgvale ( Date: 25-Jun-2020 09:54) Posted:
I see it turn up from here
vicloo ( Date: 24-Jun-2020 10:23) Posted:
| Hope soon still stagnant at 2.03 for 2-3day |
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I see it turn up from here
vicloo ( Date: 24-Jun-2020 10:23) Posted:
Hope soon still stagnant at 2.03 for 2-3days
Sgvale ( Date: 24-Jun-2020 08:59) Posted:
| Retailers are buying S-Reits with good dividends pay |
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Hope soon still stagnant at 2.03 for 2-3days
Sgvale ( Date: 24-Jun-2020 08:59) Posted:
| Retailers are buying S-Reits with good dividends pay |
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Retailers are buying S-Reits with good dividends pay
This is the conversion rate they derived based on the price at that point in time....does not mean price should be at $2.59 after merger...and if you follow this 2 counter closely, the value between CMT and CCT have not stranded far off from the conversion rate provided...with CMT trading at a discount to CCT...and funds have been throwing down CMT recently and the reason is most probably as shared by a bro here which joined the pre-AGM, that CMT will not have dividend payout for Q2 as well, while CCT will be announcing their 6 months worth of div payout (whether they will cut/retain a portion or not idk)...so what i speculate is that funds are simply cycling a portion of their holdings from CMT to CCT to get the DIV, and rotate back out into CMT...
My suggestion......
-If you believe in the strength of CMT to pick up in second half you should buy some and lock in the lower price now and forgo the div (3bid div easily get back from share price appreciation if things pick up)....
-If you wan buy but also wan div, thn buy both CMT and CCT
-If you scared market crash again, thn probably just wait lor...long term wise i think 1.75-1.87 good range to collect if they ever retrace there and anything below is probably a steal...
Personally i see CMT to trade at least above $2.25 after merger with the price as acting support or they could simply continue to ding dong between 1.87 to 2.25 range like what it have been doing for the past 5 years.
Your money, your call.
Sgvale ( Date: 23-Jun-2020 19:53) Posted:
Under the merger scheme consideration, one unitholder of CCT will receive S$0.2590 in cash and 0.720 new CMT units at an issue price of S$2.59 per CMT unit (88% of deal financed by units). The total consideration to be paid equals S$2.1238 per unit.
So the new merged entity is worth $2.59? |
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Hopefully can continue the bull properly lor... now not here not there. STI gg down sommore. My friends that no vested all hoping for fall.
I guess if PAP big win, most STI stocks will up cause of stability
vicloo ( Date: 23-Jun-2020 21:03) Posted:
If PAP big win, does it mean CMT price up?
wenyen ( Date: 23-Jun-2020 20:40) Posted:
Is just whether PAP win big (business as usual) or opposition take more seats than expected
but usually when there' s health crisis incumbent will win big |
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If PAP big win, does it mean CMT price up?
wenyen ( Date: 23-Jun-2020 20:40) Posted:
Is just whether PAP win big (business as usual) or opposition take more seats than expected
but usually when there' s health crisis incumbent will win big
reitsdrz ( Date: 23-Jun-2020 20:32) Posted:
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If CMT holders don' t do anything, the share price of the merged company share price is $2.12?
Sgvale ( Date: 23-Jun-2020 19:53) Posted:
Under the merger scheme consideration, one unitholder of CCT will receive S$0.2590 in cash and 0.720 new CMT units at an issue price of S$2.59 per CMT unit (88% of deal financed by units). The total consideration to be paid equals S$2.1238 per unit.
So the new merged entity is worth $2.59? |
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Is just whether PAP win big (business as usual) or opposition take more seats than expected
but usually when there' s health crisis incumbent will win big
reitsdrz ( Date: 23-Jun-2020 20:32) Posted:
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The valuation was before covid. Things have changed
Sgvale ( Date: 23-Jun-2020 19:53) Posted:
Under the merger scheme consideration, one unitholder of CCT will receive S$0.2590 in cash and 0.720 new CMT units at an issue price of S$2.59 per CMT unit (88% of deal financed by units). The total consideration to be paid equals S$2.1238 per unit.
So the new merged entity is worth $2.59? |
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