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Joelton
    22-Oct-2020 10:43  
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CMT gets new name on Nov 3 after merger DPU for CCT falls
The trust scheme for the merger of CapitaLand Mall Trust (CMT) and CapitaLand Commercial Trust (CCT) came into effect yesterday.
 
CCT unit holders will now receive payments comprising 25.9 cents in cash and 0.72 new CMT units for each CCT one held by next Wednesday. CCT is then expected to delist at 9am on Nov 3, while CMT will be renamed CapitaLand Integrated Commercial Trust on the same day.
 
CMT' s manager said yesterday that the trust' s expanded investment mandate is also in effect.
 
This allows the real estate investment trust to invest in commercial properties, including those used for retail and/or office purposes, mainly in Singapore.
 
Separately yesterday, CCT reported distribution per unit fell by 9.1 per cent to two cents for its third quarter ended Sept 30 while gross revenue was down 8.7 per cent to $94.7 million.
 
Full-quarter contributions from the Main Airport Centre acquired in September last year and higher contributions from Gallileo and CapitaGreen were offset by reduced gross revenue from the other Singapore properties due to renovations, lower occupancies and rental assistance for tenants in view of Covid-19, the manager said. Net property income fell 9.9 per cent on the year to $73.1 million. Distributable income declined 8.6 per cent to $77.5 million.
 
 
St.Maximus
    22-Oct-2020 10:21  
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From what you say, I will upgrade my intention to buy.
 
 
pasttime
    22-Oct-2020 10:17  
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yes projecting things to become better. think reason why it is not going up is blackrock sold from around 5.9% to 5.1%. they obviously has better need for their money.
some are taking a negative view of mall due to competitions from apps platform+delivery.
really it is more likely to be coexist. mall is also going into apps to get back their share.
at end of day it is delivery cost versus shop cost. apps that subsidise delivery cannot go on forever.
if labour become rare again with mom stopping foreign labour, shop is more viable. mall also going into apps to get back the business from current apps winner. 
 

St.Maximus      ( Date: 22-Oct-2020 09:48) Posted:

I hope you are not projecting this one. Market seems to have been anticipating this.

pasttime      ( Date: 22-Oct-2020 09:39) Posted:

not too bad
footfall return 60% upto sept. even for city area mall. likely higher now with more people going back to office.
enjoy the 3.1c dividend on 9 nov.  another not yet known amount clean up dividend at end nov. note  xd .


 

 
HVRRVH
    22-Oct-2020 10:07  
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Is it normal to have the XD on 19/10/20 when the results are announced today? 
 
 
St.Maximus
    22-Oct-2020 09:48  
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I hope you are not projecting this one. Market seems to have been anticipating this.

pasttime      ( Date: 22-Oct-2020 09:39) Posted:

not too bad
footfall return 60% upto sept. even for city area mall. likely higher now with more people going back to office.
enjoy the 3.1c dividend on 9 nov.  another not yet known amount clean up dividend at end nov. note  xd .

 
 
St.Maximus
    22-Oct-2020 09:42  
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WAH! 3.1 cents dividend is alot!!! Record dividend payout in quite a while. HOLD

pasttime      ( Date: 22-Oct-2020 09:39) Posted:

not too bad
footfall return 60% upto sept. even for city area mall. likely higher now with more people going back to office.
enjoy the 3.1c dividend on 9 nov.  another not yet known amount clean up dividend at end nov. note  xd .

 

 
pasttime
    22-Oct-2020 09:41  
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i m projecting it on my assumption only.

St.Maximus      ( Date: 21-Oct-2020 16:08) Posted:

You mean more demand for the CICT shares?

pasttime      ( Date: 21-Oct-2020 16:06) Posted:

gain or lost depends on the price of cict later. i think when the size become bigger the weightage on indexes may increased.
that will create more demand.
 


 
 
pasttime
    22-Oct-2020 09:39  
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not too bad
footfall return 60% upto sept. even for city area mall. likely higher now with more people going back to office.
enjoy the 3.1c dividend on 9 nov.  another not yet known amount clean up dividend at end nov. note  xd .
 
 
St.Maximus
    21-Oct-2020 16:08  
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You mean more demand for the CICT shares?

pasttime      ( Date: 21-Oct-2020 16:06) Posted:

gain or lost depends on the price of cict later. i think when the size become bigger the weightage on indexes may increased.
that will create more demand.
 

 
 
pasttime
    21-Oct-2020 16:06  
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gain or lost depends on the price of cict later. i think when the size become bigger the weightage on indexes may increased.
that will create more demand.
 
 

 
St.Maximus
    21-Oct-2020 14:44  
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Not so bad lah. Could be much worse in some other counters.
 
 
xdarkfaith
    21-Oct-2020 12:22  
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Thank you very much uncle!! appreciate it. sigh bad loss

marketuncle      ( Date: 19-Oct-2020 10:42) Posted:

You end up with 3100+ 3400*0.72= 5,548 CICT on 28 Oct and  $0.259*3,400= $880.6 payout on 30 Oct

Excluding clean up dividends, you' ll have $1.93 x 5,548 + $880.6 = $11,588

vs

$1.94*3,100 + $1.75*3,400 = $11,964 you had before. 

> > So a slight loss of $376, excluding the dividends you had received since you held them and the cleaned up dividends to be paid out on 30 nov.
 

 
 
tangoanna
    21-Oct-2020 10:11  
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CCT has suspended trading since 19 October 2020 and the trust scheme of arrangement became effective in accordance with its terms today. The clean-up distribution for the period from 1 July to 20 October 2020, including the reported distribution of 2.00 cents for 3Q 2020, is expected to be paid by 30 November 2020.  Further details on the clean-up distribution will be announced by the Manager on 30 October 2020.
 
 
GreenTrap
    21-Oct-2020 10:09  
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" As part of phase three, the size of gatherings outside homes could be increased from five to eight people. Similarly, eight visitors could be allowed on home visits, allowing larger families to congregate."

By end 2020 if no spike if in covid
 
 
St.Maximus
    20-Oct-2020 20:32  
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Could be better!
 

 
Trader5525
    20-Oct-2020 19:20  
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$1.92 not so bad.

GreenTrap      ( Date: 20-Oct-2020 16:59) Posted:

closing 191 192?

 
 
GreenTrap
    20-Oct-2020 16:59  
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closing 191 192?
 
 
vicloo
    20-Oct-2020 12:55  
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still holding ok

hokpin      ( Date: 19-Oct-2020 14:13) Posted:

Haha. Thx. Bro! Let' s all be a happy & huat landlord.

tangoanna      ( Date: 17-Oct-2020 15:10) Posted:

More CMT shares but also much more assets. All the grade-A offices are going to be owned by Mr hokpin! Asia square, Capitagreen, Capital tower, Capitaspring.



 
 
hokpin
    19-Oct-2020 22:41  
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Thx. Bro Max. Seems can keep longer now! Let' s all be a happy and huat landlord!

St.Maximus      ( Date: 19-Oct-2020 18:21) Posted:

Yes. Unexpected.
I had expected 1.90 opening as recommended to bro hokpin, but it went up to 1.93.
Did not understand price action today.
But never did fully these 18 years!

marketuncle      ( Date: 19-Oct-2020 14:44) Posted:

Drop?!.. haha, it went up .. lo


 
 
St.Maximus
    19-Oct-2020 18:52  
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Under control, but not eradicated, though it will prove impossible to. Still need keep alert
 
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