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Thursday, February 20, 2014

CapitaLand's recent performance

CapitaLand announced that its fourth-quarter profit fell 46% after a loss on the sale of a stake in Australand Property Group. Lower revenue from its Singapore home sales was also recorded. Revenue dropped 2.3% to $1.09 billion. 

 However, they are proposing its dividend at 8 cents per unit. CapitaLand is now trading at a big discount to their RNAV value. This stock is now in my radar, I will try to add it into my portfolio.
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