Source: CapitaLand
10.10 sales has arrived a day late for me when STI has reached a low of 3047. Amidst the market downturn, I have managed to initiate a small position in CapitaRetail China Trust (“CRCT”) at $0.135 in Oct. At this entry price, it is trading at 12.9% discount to its adjusted NAV/unit of $1.55. This translates to a distribution yield of 7.08% based on the annualised 3Q 2018 DPU of 2.41 cents. 

Profile of CapitaRetail China TrustListed on SGX since 2006, CapitaRetail China Trust is a REIT that invests in retail malls in China. Its portfolio consists of 11 shopping malls located in 8 China’s cities as follows:

First-Tier Cities
✻ Beijing 
CapitaMall XizhimenCapitaMall WangjingCapitaMall Grand CanyonCapitaMall Shuangjing✻ Shanghai
CapitaMall Qibao✻ Guangzhou, Guangdong Province
Rock Square (51% interest)Second-Tier Cities
✻ Chengdu, Sichuan ProvinceCapitaMall Xinnan✻ Wuhan, Hubei Province
CapitaMall Minzhongleyuan✻ Zhengzhou, Henan Province
CapitaMall ErqiThird-Tier Cities
✻ Hohhot, Inner Mongolia
CapitaMall Saihan✻ Wuhu, Anhui Province
CapitaMall Wuhu (51% interest)
Source: CRCT 3Q 2018 Investor