Capitaland

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Rainbow 
1H Result as at 30 Jun 2020
Rev $2.0b (vs 2.1b)
Profit from operations $0.4b (vs 1.5b)
Profit for the period $13m (vs 1.5b)

In the second quarter of 2020, economies across the globe began to reopen with varying degrees of physical distancing restrictions still in place. Notwithstanding the gradual improvement in general business optimism, the potential for further adverse developments due to COVID-19 remains. In addition, geopolitical tensions between China and the U.S. remain high and the global economic outlook remains uncertain.

The pandemic has affected the Group’s operating and financial performance. Additionally, should weaker economic prospects materialise, this may further adversely impact CapitaLand’s financial performance for the remainder of the year, due to but not limited to an increase in rental deferrals or arrears, lower operating income, lower property valuations and a slowdown in capital recycling, resulting in lower portfolio gains.
Against this backdrop, CapitaLand’s large and diversified portfolio remains integral to our resilience and agility. As the impact from COVID-19 has differed across geographies and asset classes, our focus on building a diversified portfolio, underpinned by significant recurring income, lowers the concentration of risks from any one segment. Importantly, CapitaLand’s balance sheet remains strong, and the Group is on the lookout for attractive opportunities that will further strengthen our scale and enhance our balance. We will also continue to look for opportunities to divest non-core assets and businesses to reposition the Group. As at 30 June 2020, CapitaLand’s consolidated net debt-to-equity ratio was at 0.64x and total cash and available undrawn facilities amounted to approximately S$14.0 billion, of which S$4.8 billion was raised in the first six months of 2020. 

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Rainbow 
1H Result as at 30 Jun 2020
Rev $2.0b (vs 2.1b)
Profit from operations $0.4b (vs 1.5b)
Profit for the period $13m (vs 1.5b)

In the second quarter of 2020, economies across the globe began to reopen with varying degrees of physical distancing restrictions still in place. Notwithstanding the gradual improvement in general business optimism, the potential for further adverse developments due to COVID-19 remains. In addition, geopolitical tensions between China and the U.S. remain high and the global economic outlook remains uncertain.

The pandemic has affected the Group’s operating and financial performance. Additionally, should weaker economic prospects materialise, this may further adversely impact CapitaLand’s financial performance for the remainder of the year, due to but not limited to an increase in rental deferrals or arrears, lower operating income, lower property valuations and a slowdown in capital recycling, resulting in lower portfolio gains.
Against this backdrop, CapitaLand’s large and diversified portfolio remains integral to our resilience and agility. As the impact from COVID-19 has differed across geographies and asset classes, our focus on building a diversified portfolio, underpinned by significant recurring income, lowers the concentration of risks from any one segment. Importantly, CapitaLand’s balance sheet remains strong, and the Group is on the lookout for attractive opportunities that will further strengthen our scale and enhance our balance. We will also continue to look for opportunities to divest non-core assets and businesses to reposition the Group. As at 30 June 2020, CapitaLand’s consolidated net debt-to-equity ratio was at 0.64x and total cash and available undrawn facilities amounted to approximately S$14.0 billion, of which S$4.8 billion was raised in the first six months of 2020. 

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Rainbow 
A data centre 9 Tai Seng Drive to receive the BCA Green Mark Platinum Award. This is the first time 9 Tai Seng Drive have received a BCA Green Mark Award. 9 Tai Seng Drive is a six-storey data centre in Singapore. It is CapitaLand’s first data centre to receive the BCA Green Mark Platinum Award. The data centre features an efficient water-cooled system, LED lighting and an efficient uninterrupted power supply system. Condensate from the building’s air conditioning system and water from the cooling towers are also recycled.
https://links.sgx.com/FileOpen/News%20Re...eID=628517

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Rainbow 
A data centre 9 Tai Seng Drive to receive the BCA Green Mark Platinum Award. This is the first time 9 Tai Seng Drive have received a BCA Green Mark Award. 9 Tai Seng Drive is a six-storey data centre in Singapore. It is CapitaLand’s first data centre to receive the BCA Green Mark Platinum Award. The data centre features an efficient water-cooled system, LED lighting and an efficient uninterrupted power supply system. Condensate from the building’s air conditioning system and water from the cooling towers are also recycled.
https://links.sgx.com/FileOpen/News%20Re...eID=628517

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Rainbow 
Ms Tan Bee Leng, Managing Director, Brand & Marketing, The Ascott Limited, said: “Riding on the successful launch of the ASR points purchase feature in June 2020, Ascott is harnessing the scale of two key rewards programmes within the CapitaLand Group to cross-sell and bring greater value to our customers. ASR has a global reach while CapitaStar has around 1.1 million members in Singapore, and we could potentially extend this partnership to the over 11 million CapitaStar members in China. CapitaStar members can easily exchange for ASR points via the CapitaStar app and ASR members can do so via our website.”

Ms Tan said: “ASR is a key pillar for Ascott to grow new customers and deepen our relationship with existing customers. Since its launch in April last year, ASR membership has increased exponentially, and we will continue to seek opportunities to reward ASR members with more privileges. We are also seeing increasing interest from business partners to leverage ASR’s extensive reach worldwide. By expanding our outreach to other hospitality groups, banks, airlines, professional associations and other potential partners, it will enable us to further grow our base of loyal customers. We thank ASR members for their support and welcome new ASR members to discover and enjoy the comforts of home, space and privacy at our properties worldwide.”


https://links.sgx.com/FileOpen/NR_Ascott...eID=630733

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Rainbow 
Ms Tan Bee Leng, Managing Director, Brand & Marketing, The Ascott Limited, said: “Riding on the successful launch of the ASR points purchase feature in June 2020, Ascott is harnessing the scale of two key rewards programmes within the CapitaLand Group to cross-sell and bring greater value to our customers. ASR has a global reach while CapitaStar has around 1.1 million members in Singapore, and we could potentially extend this partnership to the over 11 million CapitaStar members in China. CapitaStar members can easily exchange for ASR points via the CapitaStar app and ASR members can do so via our website.”

Ms Tan said: “ASR is a key pillar for Ascott to grow new customers and deepen our relationship with existing customers. Since its launch in April last year, ASR membership has increased exponentially, and we will continue to seek opportunities to reward ASR members with more privileges. We are also seeing increasing interest from business partners to leverage ASR’s extensive reach worldwide. By expanding our outreach to other hospitality groups, banks, airlines, professional associations and other potential partners, it will enable us to further grow our base of loyal customers. We thank ASR members for their support and welcome new ASR members to discover and enjoy the comforts of home, space and privacy at our properties worldwide.”


https://links.sgx.com/FileOpen/NR_Ascott...eID=630733

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Rainbow 
Heart warming moment
Mr Tan Seng Chai, Chief Corporate and People Officer for CapitaLand Group and Executive Director of CapitaLand Hope Foundation, said: “As a socially responsible company, CapitaLand has been contributing to the communities we operate in globally. We were swift to galvanise our resources and staff volunteers to render assistance to the vulnerable communities in Singapore from the onset of COVID-19, and we are continuing our efforts as the situation gradually improves. The Group’s support for children and youth with special needs through President’s Challenge reinforces our commitment to play our part in building a caring and inclusive society.” 

Mr Tan added: “Our philanthropic arm, CapitaLand Hope Foundation, has contributed more than S$3 million over 13 years to President’s Challenge to benefit over 40 charities that support the needs of vulnerable children and elderly in Singapore. Besides tapping on our network of partners, tenants, customers and staff to join in our philanthropic efforts, we are reaching out to our community to contribute their time and skills through #CareKitWithLove. By bringing people together through a common cause of caring for the underprivileged, we aim to help build a stronger and more united Singapore.”
https://links.sgx.com/FileOpen/NR_CL%20p...eID=631942

Stay home and stay safe, everyone.
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Rainbow 
Heart warming moment
Mr Tan Seng Chai, Chief Corporate and People Officer for CapitaLand Group and Executive Director of CapitaLand Hope Foundation, said: “As a socially responsible company, CapitaLand has been contributing to the communities we operate in globally. We were swift to galvanise our resources and staff volunteers to render assistance to the vulnerable communities in Singapore from the onset of COVID-19, and we are continuing our efforts as the situation gradually improves. The Group’s support for children and youth with special needs through President’s Challenge reinforces our commitment to play our part in building a caring and inclusive society.” 

Mr Tan added: “Our philanthropic arm, CapitaLand Hope Foundation, has contributed more than S$3 million over 13 years to President’s Challenge to benefit over 40 charities that support the needs of vulnerable children and elderly in Singapore. Besides tapping on our network of partners, tenants, customers and staff to join in our philanthropic efforts, we are reaching out to our community to contribute their time and skills through #CareKitWithLove. By bringing people together through a common cause of caring for the underprivileged, we aim to help build a stronger and more united Singapore.”
https://links.sgx.com/FileOpen/NR_CL%20p...eID=631942

Stay home and stay safe, everyone.
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