CLMT (5180): Financials Summary, Key Results, Growth

Good comeback from pandemic as expected. But there are always concern regarding the 3 toxic assets as always.

2024-01-30 18:18

Hemsley

Where is the easily 70 cents, 80 cents and 1 ringgit?

2024-01-31 15:07

Just don't do divestment. It is kiasu and hurting those who bought the stocks with personal cash.

From the report, they want to speed up divestment. Divestment will shoot up the management fee.

2024-01-31 17:57

Wonder how much dividend will be announced probably next week. Maybe happiness is not long long away.

2024-02-02 11:43

CLMT closed 61 sen. Nice. I'm relatively late in entering this REIT (a blessing), and this is one of the better performing REITS from a Total Return perspective in the past year. Beats MAYBANK (and MAYBANK beats my very conservative target returns of 9% p.a.). I first got a small entry position at 63 sen, but as price goes down, 80% of my purchases happen between 49.5 sen and 52 sen around March to August 2023, so, my average cost is 52 sen. Along the way, I received dividends to further lower the average cost down. Total returns ~ 20% or so in less than a year and from a REIT perspective, that's a real bonus.

Less typical than my other REIT experience, the majority of the gains from CLMT are price gains that happened quite quickly. When price dropped to 49-52 sen due to the rights placement in March 2023, I accumulated quietly and significantly when others were cursing the unfair rights placement at 49 sen that caused price to fall to around there.

Took some profits at 60 sen, as the gain is too fast for a REIT. Still holding 80% for longer term yields.

Pays to buy good quality REITS quietly at depressed prices when they are unpopular, when either nobody talks about them or when others are cursing them. Longer term price charts help pinpoint high probability long term decent entry levels.

2024-02-03 14:09

When Pavreit had Rights, speakup bought 1.20

2024-02-03 14:45

I am not MIssing In Action. I am always active in Screener.... after doing study for 3 mths

2024-02-04 00:43

https://devotee-of-john-templeton.blogspot.com/2024/02/clmt-sats-affin-and-soon-parkson.html

Latest Blog on 3 Feb 2024

2024-02-04 00:46

https://devotee-of-john-templeton.blogspot.com/2024/02/1-tourism-industry-is-back-with.html

旅游业复苏了！很讽刺的是香烟行业越来越惨。人们的健康醒悟带动更多人说不抽烟，加上市场调查，不难发现BAT会越来越惨

2024-02-04 00:47

@speakup, well done on PAVREIT.

2024-02-05 21:49

terima kasih @DividendGuy67
your CLMT also doing good

2024-02-06 07:36

CapitaLand Malaysia Trust ventures into industrial segment with acquisition of three Iskandar M'sia factories for RM27m

https://theedgemalaysia.com/node/699892

"The proposed acquisition is expected to generate an annual rental income of RM2 million, with a first-year yield of 7.3%. It will contribute positively to CLMT’s income, and is distribution per unit-accretive to CLMT unitholders on a pro forma basis," it added.

7.3% yield is superb!

2024-02-06 08:45

Yes, the 67 dude is adding salts.

2024-02-06 10:38

GreatDreamer

CLMT are leveraging parent network to grow the company. Prevously, QBM, Shah Alam DC, and now Nusajaya factory.

The 3 factory RM27m, though small, look like a good deal, bought from Nusajaya TechPark SB, is owned by Ascendas Land (M)SB, Which in turn partly owned by Capitaland Group Pte Ltd.

2024-02-06 22:49

after Covid experience, several pure Mall REITs have start to diversify from pure Mall to diversified Mixed like SUNREIT. Look like CLMT is going this direction too.

2024-02-07 07:41

@mini, @88, we all have battle scars, market is a harsh place. I am not exempted from losses too and when I have a loss, I love to read from others generous enough to share how they win and how I lost, because it means I still have lessons to learn. I never looked at those winners as rubbing salts. If one prioritizes comfort and cannot tolerate losses, then, stay away from DIY equity investments, instead, put your funds in EPF which pays well.

2024-02-07 22:43

For the record, I entered 2024 with 46 stocks open. I have 16 losses. When I read about how others had won, it only strengthen my resolve to reflect what I did wrong. If you can't look at your losses honestly, then, stay away from markets.

2024-02-07 22:46

CLMT announced Income Distribution with DRIP.

"Final income distribution of 2.24 sen per CLMT Unit (of which 2.10 sen per CLMT Unit is taxable and 0.14 sen per CLMT Unit is non-taxable in the hands of the CLMT unitholders) for the period from 1 July 2023 to 31 December 2023 ("Final Income Distribution")"

Issue Price per Unit Malaysian Ringgit (MYR) 0.5261. Very nice.

2024-02-07 22:51

This detail / good news was announced today, so, don't be surprised if price falls tomorrow on good news announcement.

2024-02-07 22:53

目前投资在 CLMT 的数额已经七七八八了，是时候开始重仓 PARKSON
慢就是快，慢就是快，慢就是快！
除了上面这两个，我也有新加坡股票 SATS
都是拾荒路线！
明天会更好！
献丑了, my portfolio as of 7 Feb 2024
devotee-of-john-templeton.blogspot.com/2024/02/parkson-and-clmt.html
我将继续买入，因为1块不是梦，要用行动来达到目的！

2024-02-08 01:05

股市非常黑暗，哈哈哈哈，我再次被人家封锁了哦，应该是BAT的韭菜们
#CLMT
庄家不给我分享了，因为我透露太多了。
一来，我透露很多香烟BAT的坏消息，破坏庄家大计
二来，我透露太多CLMT的好消息，导致散户跟大鳄，庄家抢票，他们不爽再次封锁我
就如2021年我在BIMB-WA被庄家封锁一样
devotee-of-john-templeton.blogspot.com/2024/02/bat.html

2024-02-08 01:32

@DividendGuy67 u are too humble

2024-02-08 07:43

新年快乐

2024-02-09 15:11

@mini, EPF is very good to deliver average 6% pa. since I started working. My net worth is safe and has grown considerably here. I also self invest in stocks and since inception beat EPF by nearly 4% per annum. It is now larger than my EPF. I recommend EPF to everyone.

2024-02-14 12:00

Jnlee

dividendguy67,6 4=10% very good 👍

2024-02-14 12:58

Hemsley

CLMT market cap only 1.8B. Really undervalue. Gurney Plaza alone already valued at 1.69B.

2024-02-14 13:20

Starship2

CLMT is trading at a big discount to its net tangible assets of about 98sen/unit.. Hopefully, its performance will also pick up for a potential jump in price in the medium term

2024-02-21 11:03

beyond4896

Based on my 5~6 years experience of the REITs investment. My humble opinion as below:
The net property income for the last quarter of 2023 is 63 million, equal to (2.3 cents per unit> DPU 2.24 cents).
The rental usually pays in half a year or yearly basic, therefore would expect the net property income from the last quarter to 3rd quarter of 2024 to be conservatively 2x 63 million = 126 million (4.6 cents per unit).
if based on the 7% yield, the reasonable price is RM0.65 (this assumes no growth in the income and is a conservative estimation of the net property income)

I had invested this CLMT around 0.515, and I had expected a significant improvement in income after the acquisition of the good property in Penang. This stock has some room to grow but not significantly (P/B near 0.63 already, they have a lot of bad-performance retail units, which would expected the PB to increase to 0.7). And Sungai Wang Plaza brings down the profile of this REIT. And hope CLMT can diversify more industry units in Johor (note the game-changing Johor free zone, CLMT is partially owned by CLT (One of the Largest Singapore property & reit companies)

2024-02-21 11:43

beyond4896

@starship , the bad performance of Sungai Wang, The mines & 3 Damansara make the PB value can't reach 1.0; I would expect the PB value can reach 0.7 to 0.8 only. I would not go to Sungai Wang & The Mines even they near my house. The mines are full of foreign labor, and Sungai Wang is very boring compare with other malls in Bukit Bintang. I am not familiar with 3 Damansara, but its income performance is not well.
It is difficult to twist the performance of the mall. People always go to the new and well performance malls, that's why the IGB & Pav keep performing well, and the PB value could >1.0. because they are the top retail mall in Malaysia, The rental fees could keep increasing.

2024-02-21 11:53

Starship2

Agree that Sg Wang & The Mines looks like dragging down its performance.. My "close RM1.00 NTA" is based on the reit's quarterly report and a casual look at its balance sheet.. My thanks to beyond 4896 for the insightful asessment of the reit's outlook..

2024-02-21 14:49

Yippy68

4.17 Sen dividend, buying 63 sen still ok

2024-04-11 05:37

Unfazed by Volatility: 5 Malaysia REITs with Strong Fundamentals (KingKKK) - AXREIT, CLMT, IGBREIT, SUNREIT, PAVREIT

https://klse.i3investor.com/web/blog/detail/bestStocks/2024-04-21-story-h-182972911-Unfazed_by_Volatility_5_Malaysia_REITs_with_Strong_Fundamentals_KingKKK

2024-04-21 19:34

Yes, cheapest REIT in Bursa.

2024-04-23 10:41

CLMT’s 1Q net property income jumps 63% to RM64m, DPU up 37%

https://theedgemalaysia.com/node/709272

2024-04-25 08:20

JT1601

Epf start buying

2024-05-04 17:59

https:devotee-of-john-templeton.blogspot.com/2024/05/capitaland-malaysia-trust-klseclmt.html

#CLMT

Projected PnL is very good
Ownership Summary shows that EPF bought a lot and from day to day never stop

2024-05-24 20:14

gforce2

I expect the Dividend ReInvestment info on entitlement dates should be announced soon.

On 24 July 2024, the Board of Directors of CapitaLand Malaysia REIT Management Sdn. Bhd. (“CMRM”) (the “Board”), being the Manager of CLMT, had proposed the income distribution of 2.36 sen per CLMT Unit (of which 2.33 sen per CLMT Unit is taxable and 0.03 sen per CLMT Unit is non-taxable in the hands of CLMT unitholders (“Unitholders”)) for the period from 1 January 2024 to 30 June 2024 (“First Income Distribution”).

2024-08-01 17:18

TheLastDance

When a company implements a Dividend Reinvestment Plan (DRIP), it's common to see a short-term decline in share price.

2024-08-22 11:43

LWLeejess0805

Should shareholders buy subscriptions to entitlements offered to them?

2024-08-23 09:08

gforce2

I assume you mean whether to subscribe to DRP or to take the cash dividend. If you believe in the long term prospect of the stock, take up the DRP, but only do it if the cost is lower than buying on the open market.

e.g. 10000 shares CLMT entitles you to RM212.70 cash dividend
DRP is at RM0.588 which gives 361 shares, worth RM229.23 at current market price of RM0.635
Taking up the DRP has some fees (about RM15 processing/handling with Tricor, but this is fixed, no matter how many shares you have); mathematically, the more shares you have, the more cost effective. So, if you only had 5000 shares, it would probably be more economical to just take the cash dividend.

2024-08-24 18:56

loneranger

I think CLMT gives the highest dividend yield among the reits at this moment. If someone bought at 0.50, possible to get 10% dividend soon.

2024-08-25 21:02

TheLastDance

REITs can be a good investment when the Fed cuts rates.

2024-08-30 13:29

minichart

Investment Recommendation
The broker reiterates an Add recommendation for CLMT with a target price (TP) of RM0.80. The recommendation is based on the trust’s strong operational performance and its ability to deliver a solid dividend yield for investors.

Target Price (TP): RM0.80
Dividend Yield: FY25F dividend yield of 6.8%
This outlook suggests that CLMT remains a strong candidate for investors seeking reliable income and potential capital appreciation in the real estate sector.

https://www.minichart.com.sg/2024/10/11/capitaland-malaysia-trust-strong-performance-driven-by-robust-east-coast-presence/

Thank you

2 months ago

fortunefire

just dropped by 3 damansara and spoke with some retail supervisors there. better don't waste time and money for this reit.

1 month ago