CapitaLand Retail China Trust (CRCT) – Stock Code: AU8U Source: https://www.crct.com.sg CRCT just posted their quarterly result recently with a DPU of 3.02 Singapore cents for half year ended 30 June. Due to Covid-19, the DPU for the first half of the year reported is down ~40 per cent from a year ago -DPU of 5.13 cents (after divestment gain) and 5.03 cents (before divestment gain). Revenue fell 7.8 per cent in 1H 2020 compared to last year. The decline is due mostly to a rental relief that was extended to tenants due to Covid-19 situation, and the absence of contribution from CapitaMall Erqi, following the pre-termination of lease from its anchor tenant in Q4 2019 and the completion of divestment in May 2020. ALL TIME LOW SHARE PRICE CRCT’s share price is currently at all-time low of SGD1.14. Previous lows recorded are only during the 2009 GFC and March Covid-19 Crash. The 52 weeks high is SGD1.7, and the low is SGD0.92 during March. In my opinion, CRCT current share price greatly under-valued. The explanation as follow....