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MarketScreener Homepage  >  Equities  >  SINGAPORE EXCHANGE  >  CapitaLand Limited    CATL   SG1J27887962

CAPITALAND LIMITED

(CATL)
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CapitaLand Retail China Trust in Bundle Deal to Buy, Sell Malls in Mongolia

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01/31/2019 | 07:33pm EST

By Gaurav Raghuvanshi

SINGAPORE--CapitaLand Retail China Trust (AU8U.SG) Friday said it has signed a "bundle" deal to buy one mall in China's Inner Mongolia region, and sell another one to optimize its portfolio.

CapitaLand Retail will buy a mall property in Hohhot, the capital of Inner Mongolia for 808.3 million Chinese yuan (US$120 million) and sell an existing property in the same city for CNY460 million. The REIT's new mall will open in the second half of next year, after which it will hand over CapitaMall Saihan to its new owners.

The deal will allow CapitaLand Retail to get a new mall that is nearly double in size than its existing property, it said.

Write to Gaurav Raghuvanshi at gaurav.raghuvanshi@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
CAPITALAND LIMITED -0.25% 3.93 End-of-day quote.4.80%
CAPITALAND RETAIL CHINA TRUST 1.84% 1.66 End-of-day quote.3.11%
US DOLLAR / CHINESE YUAN RENMINBI (USD/CNY) 0.11% 6.8659 Delayed Quote.-1.48%
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Financials (SGD)
Sales 2019 5 693 M
EBIT 2019 2 849 M
Net income 2019 1 666 M
Debt 2019 25 412 M
Yield 2019 3,13%
P/E ratio 2019 12,3x
P/E ratio 2020 12,0x
EV / Sales2019 7,94x
EV / Sales2020 6,62x
Capitalization 19 797 M
Technical analysis trends CAPITALAND LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus BUY
Number of Analysts 18
Average target price 4,33  SGD
Last Close Price 3,93  SGD
Spread / Highest target 43,5%
Spread / Average Target 10,2%
Spread / Lowest Target -3,31%
EPS Revisions
Managers
NameTitle
Chee Koon Lee Group Chief Executive Officer & Director
Kee Choe Ng Chairman
Cho Pin Lim Chief Financial Officer
Amirsham bin Abdul Aziz Independent Non-Executive Director
Ching Yen Lee Independent Non-Executive Director