Dear readers, recently AEM stock rallied up by more than 5% on the same day to $1.61 per share, following PM Wong’s mention of the company, AEM in his budget speech on 18 Feb 2025.
AEM was cited as an example of Singapore’s strong pipeline of promising companies and for its critical role in the chip production process.
AEM stock has since retreated to $1.51 as of 21 Feb 25, lower than just before the aforementioned rally.
Yesterday, details of the proposed Tampines Regional Centre rejuvenation were announced.
There were a number of initiatives from the rejuvenation and one is in relation to the completion of Singapore’s first distributed cooling network in Tampines. Seven buildings including Tampines Mall will share resources and cut energy use from air-conditioning, equivalent to powering more than 710 3-room HDB households for a year.
I believe a reduced energy consumption will be welcomed by tenants of Tampines Mall and this development is a positive one for Capitaland Integrated Commercial Trust for which owns Tampines Mall as one of the malls under its retail portfolio.
Capitaland Integrated Commercial Trust closed at $1.95 for the week ended 19 February 2025.
The trust is currently undervalued at Price-to-Book of 0.912 and pays an annual dividend yield of 5.6% (based on data as of 21 Feb 25).
Investors should not invest in Capitaland Integrated Commercial Trust based on a knee-jerk reaction. Always do your due diligence when it comes to investing.