Shares & Derivatives
Doubled Up on Capitaland China Trust
By Live Rich Life Free  •  February 28, 2024
CapitaMall Xuefu, Harbin, China My order for Capitaland China Trust (CLCT) shares is filled today. This effectively doubled up my small initial position in CLCT to 10,000 shares. The share price of CLCT has tanked in recent weeks and has been on a poor bear run by diving more than half from the high of $1.65 before the onset of pandemic in 2020 to hit a 52-week low of $0.74 today. As the largest China-focused REIT in Singapore, CLCT is facing strong headwinds in China's economy, including slowing growth and lingering impacts of its previous zero-COVID policies. High debt levels among many Chinese property developers have fueled anxieties about the sector's stability, spilling over into the REIT market as institutional investors worry about the health of properties that CLCT hold. Prolonged high interest rates and depreciating RMB versus SGD dollar only...
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By Live Rich Life Free
The purpose of this blog is for me to share my reinventions of how life should be lived and journal my journey towards financial independence. I believe that life is a story book. Each chapter contains 10 years of our lives. I am moving on towards mid 30s in 2021. As a nobody but somebody, I am in Chapter 4 of my story book. I hope to influence my philosophy of living a rich life freely and healthily with all of you. Embrace the future and empower freedom!
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