Trade Capitaland India Trust - CY6Usg CFD

Ascendas-iTrust Company profile

Track the Ascendas-iTrust share price today and spot the best levels for profitable CFD trades

Ascendas-iTrust was incorporated on December 7, 2004 and is focused on high-end commercial real estate development and investment. The primary holdings of the company consist of six large information technology parks housing multiple commercial work spaces in India. 

The stated focus of the company is to invest in income producing technologically equipped business spaces through construction, development, acquisition or management. It currently owns more than 14 million sq ft of commercial real estate located in the Indian cities of Chennai, Pune, Bangalore, Hyderabad and Mumbai. 

The company was founded on the acknowledgment of the rapidly expanding IT services industry in India and utilises a strategy of leasing to well-established, high-growth potential clients with long-term income generation potential. It has enjoyed a steady growth rate since inception and currently has a 95 per cent occupancy rate with an average lease of 6.5 years. The company has planned further expansions in India which have been tempered due to the pandemic of 2020. 

Ascendas-iTrust was listed on the Singapore Stock Exchange mainboard on August 1, 2007 and trades under the ticker symbol CY6U. The Ascendas India Trust (CY6U) stock has traded within the 52-week range of S$1.15-S$1.62 at an average volume close to 56 million shares per month. The stock began 2021 at S$1.38 before rising in the early part of the year to a high of S$1.61 on January 27 and then settling at S$1.53 near the middle of April. 

Ascendas-iTrust has a market capitalisation of S$1.76bn (Singapore dollars) and posted a net income of S$130.7m in 2020, down from S$177.8m in 2019. Revenues increased from S$150.32bn in 2019 to S$191.67m in 2020. The main factor in the decrease in net income was large investments in new projects by the company in 2020.

The latest CY6U stock chart is updated on the SGX as well as on Capital.com. By accessing the live price chart on Capital.com you can view the CY6U share price in real time.  

You can trade CY6U now with CFDs and open a long or short position, depending on whether you feel the price will rise or fall. CFDs allow you to profit from upward or downward fluctuations in the Ascendas-iTrust stock price  at Capital.com. You can track the CY6U stock price and include this Singapore listed multinational real estate company in your investment portfolio.