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Key Summary of CapitaLand Mall Trust’s AGM on 26 June 2020 (Guest Post)

Key Summary of CapitaLand Mall Trust’s AGM on 26 June 2020 (Guest Post)

Retail REIT CapitaLand Mall Trust (SGX:C38U) held its AGM for FY2019 on Friday, 26 June 2020, at 4pm. Due to the ongoing Covid-19 outbreak, along with the safe distancing measures implemented by the Singapore government, the meeting was held online.

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This post was originally posted here. The writer, Lim Jun Yuan is a veteran community member and blogger on InvestingNote, with username known as ljunyuan and has 1241  followers.

I have attended the meeting as a unitholder and in this post, you will find a summary of the most important pointers of CEO Tony Tan Tee Hieong’s presentation to take note of (which I have compiled for the benefit of unitholders who did not manage to attend the meeting):

Key Highlights of FY2019:

  • Distributable income have grew steadily over the years, and in the latest financial year under review (i.e. FY2019), it saw a 7.5% year-on-year (y-o-y) improvement to S$441.6m. Correspondingly, the REIT saw its distribution per unit increase by 4.1% compared to the previous financial year to 11.97 cents/unit
  • Annual shopper traffic saw a 1.4% y-o-y improvement due to stronger performance from suburban malls, while its tenants’ sales per square foot dipped by 1.4% in the same time period due to lower sales from the REIT’s home furnishing and electrical and electronics tenants
  • In terms of the REIT’s overall portfolio occupancy rate, at 99.3% as at 31 December 2019, Mr Tan highlighted that it is above Singapore’s average portfolio occupancy for retail malls (which is 92.9% for suburban malls, and 92.0% for Orchard Road malls)
  • With regard to CapitaLand Mall Trust’s debt maturity profile as at 31 December 2019, Mr Tan updated while there is S$310.2m of debt that will be expiring in the year 2020, there are bank facilities in place to refinance the entire amount. On top of that, Mr Tan also added that there are no foreign exchange risks as all the REIT’s debts are swapped to the Singapore dollar

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Key Updates from EC World REIT’s AGM on 09 June 2020 (Guest Post)

Key Updates from EC World REIT’s AGM on 09 June 2020 (Guest Post)

EC World REIT conducted its virtual annual general meeting this morning (09 June 2020) at 10.00am, and as a unitholder, I have attended the meeting to learn about the latest developments from the top management.

EC World Reit taps market for $630m, Companies & Markets News ...

This post was originally posted here. The writer, Lim Jun Yuan is a veteran community member and blogger on InvestingNote, with username known as ljunyuan and has 1170  followers.

EC World REIT conducted its virtual annual general meeting this morning (09 June 2020) at 10.00am, and as a unitholder, I have attended the meeting to learn about the latest developments from the top management.

The meeting was a short and simple one, lasting approximately 30 minutes, and in this post, you will find key updates of the presentation by Mr Goh Toh Sim, Executive Director and CEO:

Navigating the Covid-19 Pandemic:

  • Business operations in China were strained as a result of the two-month shutdown in the country to contain the spread of Covid-19.
  • However, as at 31 March 2020, tenants in all of EC World REIT’s assets have resumed operations, and business activities in China have largely resumed.

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Upcoming YuuZoo AGM: 7 July. Know more about $Yuuzoo(AFC.SI)’s Business Model before the AGM!

Upcoming YuuZoo AGM: 7 July. Know more about $Yuuzoo(AFC.SI)’s Business Model before the AGM!

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This column is written by @gordon_ong.
-Gordon has a demonstrable interest in equity investments, financial markets, and negotiating deals. As @NTUInvestmentClub president, he has an understanding of what factors drive an organisation’s success.

YuuZoo’s upcoming AGM is on 7 July. Scouring through online forums, I realised that there are many people that express that they do not understand how YuuZoo operates. Here is a quick run-down of YuuZoo’s business model, as well as a few of the biggest issues plaguing YuuZoo.

YuuZoo Corporation Limited, a social media company, engages in social networking, e- commerce, payments, and gaming businesses in Singapore and internationally. The company primarily operates through four segments. The network development segment is principally involved in building mobile-optimised social e-commerce networks for businesses and consumers.

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