Shares of CRCT fell to ten year low of SGD1.10 last week, if we disregard Covid-19 March slump of SGD0.92. The price had plunged more than 50 percent since YTD peak in January 2020. This is in spite of China’s fast economic recovery from the pandemic. No doubt shoppers’ traffic and tenant sales are not yet to pre-Covid levels, BUT they are expected to improve in 2H2020.
Therefore, I had been accumulating CRCT shares in the last two months, as I feel that CRCT is greatly undervalue. Earlier in August, I had also cited several reasons why CRCT is attractive.
Read: CapitaLand Retail China Trust (CRCT) – Why it is a Dividend and Growth Gem & Why It Is Greatly Undervalued Compared to the Rest of SGX REITs and Trusts?
Some of the reasons of my "buy" stem from good financial metric compared to other SGX REITs;...