Stock Name: TCT
Company Name: TREASURY CHINA TRUST
SIAS Research in a Nov 1 research report says: "Treasury China Trust's (TCT) 3Q FY11 results were slightly above our expectations, with revenue rising 6.8% q-o-q to RMB127.3m while net property income rose 9.6% q-o-q to RMB80.0 million.
"Rental income across all five income producing assets increased, particularly Huai Hai Mall, Treasury Building and City Centre (rebranded as the HQ) which rose 155%, 7.2% and 5.2% respectively. 3Q net property income climbed as property operating expenses only inched up 2.2% q-o-q for the period.
"We are pleased with the recent rental uplift and occupancy rate despite the economic uncertainty in August and had lowered the company's cost of equity to 9.1%. Intrinsic value of $2.40. MAINTAIN INVEST."
Company Name: TREASURY CHINA TRUST
| Research House: SIAS | Price Call: BUY | Target Price: 2.40 |
SIAS Research in a Nov 1 research report says: "Treasury China Trust's (TCT) 3Q FY11 results were slightly above our expectations, with revenue rising 6.8% q-o-q to RMB127.3m while net property income rose 9.6% q-o-q to RMB80.0 million.
"Rental income across all five income producing assets increased, particularly Huai Hai Mall, Treasury Building and City Centre (rebranded as the HQ) which rose 155%, 7.2% and 5.2% respectively. 3Q net property income climbed as property operating expenses only inched up 2.2% q-o-q for the period.
"We are pleased with the recent rental uplift and occupancy rate despite the economic uncertainty in August and had lowered the company's cost of equity to 9.1%. Intrinsic value of $2.40. MAINTAIN INVEST."
No comments:
Post a Comment