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refer to iCAP latest div policy, if price & NAV stay at current level 2.54 & 3.40
means div = 1% of 2.54 + 8% of 0.86 (3.40 - 2.54) = 0.1028 or DY 4.05%, correct ?
high inflation/cost of living, squeezed on disposable income, weak retail sales.
their neighbourhood malls are old & struggling to stay relevant, can maintain rental is good liao, let alone talk abt growth.....
