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Sunday, January 28, 2024

CapLand Ascott - 2nd Half 2023 results is out! Gross Revenue is up 12 percent to 397.6m and distribution income is up 24 percent to 140.8m, dpu of 3.095 cents, fantastic! I think is a very good sets of financial numbers!

 

CapLand Ascott  - 2nd Half 2023 results is out! Gross Revenue is up 12 percent to 397.6m and distribution income is up 24 percent to 140.8m, dpu of 3.095 cents, fantastic! I think is a very good sets of financial numbers! 







XD 5th February.  Pay date 29th February. 

Huat ah! Pls dyodd. 

CapLand Ascott  - I think boat is back! At 94.5 cents, Yield is about 5.6% estimating yearly dividend of 5.3 cents! Do take Note!



She is due to report her FY Financial results on 29th Jan, Dividend is coming! Nice.

I think can wait for 92 to 92.5 cents support level for me to accumulate! 

Pls dyodd.

 30th October Update:

3Q 2023 gross profit increased 13% YOY, rose to 103% of 3Q 2019 pro forma gross profit




— Increase in revenue mitigated higher operating and financing costs

— 3.48 cents in DPS paid for 1 Jan 2023 to 13 Aug 2023, Advanced distribution of 0.701 cents was paid for the period 1 Jul 2023 to 13 Aug 2023

— gearing 35.2% with low effective borrowing cost of 2.4%

— 83% debt on fixed rate, with 50% hedged in foreign currency


Estimating a full year dividend of 6.08 cents. 

At 92 cents, yield is about 6.6% plus the Gearing is low I think the company would be able to weather through this high interest rates environment! 


I think current price seem a good yield level. 


Not a call to buy or sell. 


Indeed,  she has gone down to test 0.88.



I think likely to see a rebound from here!

nAV 1.138.

Yearly dividend of about 5.3 cents. 

Gearing 39%.

I think gd price is back! 

Pls dyodd. 


Chart wise,  bearish mode!



The recent PO price of 1.025 is trading a great discount to the current price of 0.915! 

Those took up the PO is having paper loss.

But on the other hand, I think gd price is back! 

NAV is about 1.138.

Yearly dividend is about 5.3 cents.

I think Gearing is below 40%.

Immediate support is at 0.915.

Next support is at about 0.88.

Not a call to buy or sell!

Please dyodd.

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