- Current Yield = 7.00%
- Price-to-book Ratio = 0.670
- Assets per unit = $2.189
- Debt per unit = $0.630
- Gearing = 28.8%
- Secured NAV = $1.379
CCT has reported a good news which is the refinancing of its loans and discharging $700 million worth of property from being encumbered. This has raised its Secured NAV to $1.379 which is 30% above its current trading price.
With this development, CCT has moved ahead of K-REIT Asia in terms of their statistics especially secured NAV and has made it more attractive. While K-REIT is working on expansion, CCT works on consolidating their operations including keeping its gearing low and improving secured NAV.
I am thinking of switching my portfolio from K-REIT to CCT with this development although the cost incurred might not be attractive.
With this development, CCT has moved ahead of K-REIT Asia in terms of their statistics especially secured NAV and has made it more attractive. While K-REIT is working on expansion, CCT works on consolidating their operations including keeping its gearing low and improving secured NAV.
I am thinking of switching my portfolio from K-REIT to CCT with this development although the cost incurred might not be attractive.
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