|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||5.67 - 5.67|
|52 Week Range||3.65 - 6.31|
|Beta (5Y Monthly)||1.02|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.14 (2.36%)|
|Ex-Dividend Date||May 03, 2021|
|1y Target Est||N/A|
Rating Action: Moody's withdraws CapitaLand Commercial Trust's ratingsGlobal Credit Research - 14 Apr 2021Singapore, April 14, 2021 -- Moody's Investors Service has today withdrawn the Baa1 issuer rating of CapitaLand Commercial Trust (CCT).Moody's has also withdrawn (1) the Baa1 backed senior unsecured debt ratings of CCT MTN Pte. Ltd., a wholly-owned subsidiary of CCT, and (2) the (P)Baa1 rating on the backed senior unsecured medium-term note program by CCT MTN Pte. Ltd.The stable outlooks have also been withdrawn.RATINGS RATIONALEMoody's has decided to withdraw the ratings for its own business reasons. Please refer to the Moody's Investors Service Policy for Withdrawal of Credit Ratings, available on its website, www.moodys.com.CapitaLand Commercial Trust (CCT) was listed on the Singapore Exchange Securities Trading Limited in 2004.
CapitaLand Ltd on Monday has proposed a consolidation of its investment management platform and the lodging business into an entity called CapitaLand Investment Management (CLIM) as part of a restructuring process. The Singaporean property developer announced the restructuring along with CLA Real Estate Holdings, an indirect fully owned unit of Temasek Holdings Pte Ltd, the largest shareholder of CapitaLand. CapitaLand said it would also place its real estate development business under the private ownership of CLA.
Singapore's CapitaLand plans to split in two, with its real estate investment management business becoming the world's third largest as a new listed entity and its property development business to be taken private. CapitaLand, which is 52% owned by Singapore state investor Temasek, said it aims to achieve higher valuations for the investment management business which will no longer be hobbled by the intensive capital needs of development. The restructuring comes after CapitaLand, which operates in Singapore, China, India and other markets, posted its biggest loss in 2020 due to the coronavirus pandemic.