KIT just did a placement,....all the adjusted distributable income (DI) talk, saying the DI has been dropping yr-on-yr for Q1 & Q2 because of timing diff's and one-offs, and using an adjusted DI to pay the H1 dpu,....hmm,...

What do you think, TOS ?

Tq TOS and bro prophet,...

Good to speak with you guys again,...

Appreciated the opinions,.... and I think I'll still think of diversification. If interest rates drop by more than 1%, the banks will start retreating and other sectors will do better. We want to be in a sector that does better.

Back to KIT, both of you opinions are valid. And are very true.

What worries me, tho',... is the distributable income report,... and how they are paying-out their dividends thru this distributable income. The P&L report does not really give me too much troubles. As bro prophet said,... we are more keen on the cashflow of KIT. But cashflow comes from distributable income, and when there are 'odd' things seen in the distrib income report, we have to open our eyes.

Look at the distrib income report, guys,....

CICT to acquire 50% of Ion Orchard, ask you to pay again 

https://links.sgx.com/1.0.0/corporate-annou...96f7490fc9a4d71

EFR details: https://links.sgx.com/FileOpen/CICT%20-%20L...t&FileID=817758

It's funny to see how they come up with the meagre 1%ish DPU accretive numbers when NAV is actually dilutive (and they mention none of it in the presentation slides).

Impressed by their financial engineering. Leverage ratio is already 40%. There is very little room to borrow more money. Tony Tan is praying hard that Uncle Powell will save his day.

The Managers wish to inform that in relation to the matters reported in the Articles, CapitaLand  Ascott Trust (“CLAS”) will be indemnified for the full amount of losses and accordingly, there will be no impact on the distribution per stapled security of CLAS (the “Stapled Security”) and net tangible assets per Stapled Security for the financial year ending 31 December 2024.