CapitaMalls Asia

[el15blog]

Capitamalls Asia ("CMA") seems to be an opportunistic play. Aggressive traders may wish to consider to start initiating long positions via tranches at current levels.

Potential reasons for a possible rebound:

- Laggard STI component stock. Actually, it is the worst performer YTD, dropping 26.5%;

- Has the 2nd greatest total potential return of 25.5% (estimated by analysts as a whole), second only to SIA;

- Oversold to a very large extent. 17 Dec RSI of 24.99 is the 3rd lowest RSI throughout its 238 trading sessions since its listing on 25 Nov 09.

Noteworthy risks

- RSI can remain depressed for a period of time, before it rebounds eventually;

- RSI not a holy grail indicator, but nonetheless a good indicator to filter out some interesting counters;

- Opportunistic play involves substantial risks. Besides, as this is a technical play to play on a retracement in the sharp decline of CMA (and not a reversal), traders should be aware that upside (if any) is likely not much.

Please refer to my remisier blog ernestlim15.blogspot.com for more details on CMA.

Have a profitable wk ahead.

[LenaHuat]

I'm pretty alarmed with their choice of language and hence the mgmt's mindset :-
"so that investors wouldn't be so squeezed. It will leave Capitaland with a big windfall and investors a fair reward."

It pays to have a good memory of what the mgmt said about its IPO price. I would not initiate long positions in tranches unless I see rays of light at the end of the tunnel. Having said this, I have this ticker under my radar.

[winston]

Not vested

Capital Group reduced their stake from 10.901% to 9.865%

[winston]

Not vested

CAPITAMALLS ASIA - Singapore's shopping mall developer CapitaMalls Asia said on Tuesday it is likely to invest about S$2 billion ($1.6 billion) in new projects this year and plans to increase its number of shopping malls in China to 100 from 53 in the next 3-5 years.

Source: Reuters

[winston]

Not vested

CAPITAMALLS ASIA - Shopping mall developer CapitaMalls Asia said on Thursday its fourth quarter net profit fell 15.2 percent year-on-year to S$144 million ($112.6 million).

Revenue fell 16.5 percent to S$55.2 million mainly due to the monetisation of three malls in Malaysia.

Source: Reuters

[winston]

Not vested

RESEARCH ALERT- CIMB ups CapitaMalls to neutral, target S$2.24

SINGAPORE, Feb 18 (Reuters) - CIMB Research has upgraded CapitaMalls Asia to neutral from underperform and raised its target price to S$2.24 from S$2.15.

STATEMENT: CIMB said it has raised its rating and target price for CapitaMalls Asia to factor in its recent property acquisitions.

"CapitaMalls' China portfolio has yet to reach its full operational potential as many of the malls are still in the development stage, and many of the completed malls remain young and have not reached operational stability," said CIMB in a report.

The company reported its fourth-quarter net profit fell 15.2 percent year-on-year to S$144 million ($112.6 million).

Revenue fell 16.5 percent to S$55.2 million mainly due to the monetisation of three malls in Malaysia.

Shares of CapitaMalls were 0.52 percent higher at S$1.93 at 0106 GMT, but have fallen 0.52 percent since the start of the year.


Source: Reuters

[winston]

Not vested

Shares of Singapore's CapitaMalls Asia , which owns shopping malls, fell as much as 4.5 percent as investors pulled out some funds ahead of a S$1.1 billion initial public offering of Perennial China Retail Trust, traders said.

By midday, shares of CapitaMalls Asia had fallen 2.8 percent to S$1.72 with over 12.4 million shares changing hands.

Perennial China, which will own five shopping malls in China, said in its prospectus it is offering 1.1 billion shares at S$1.00 a piece. The sale of the shares to the public will start next week


Source: Reuters

[winston]

Not vested. Even the GLCs wants to list in HK

Proposed secondary listing in Hong Kong to complement China expansion strategy


http://info.sgx.com/webcoranncatth.nsf/ ... penelement

[winston]

Not vested

Singapore Hot Stocks-CapitaMalls Asia down after dual listing plans

SINGAPORE, Mar 28 (Reuters) - Shares of Singapore's shopping mall developer CapitaMalls Asia fell as much as 2.8 percent on Monday as investors took profit on news it was planning to seek a secondary listing in Hong Kong, traders said.

At 0607 GMT, CapitaMalls shares were 1.7 percent lower at S$1.74 with over 3.7 million shares changing hands.

CapitaMalls Asia said on Monday it is planning to dual list in Hong Kong to bolster its expansion plans in China, but sees no immediate need to raise fresh capital.

"There's some profit-taking after the news was announced as its shares had already risen quite a bit on Friday. Weaker overall market conditions have also hurt its sentiment, although this dual listing plan is positive for the company," said a local trader.


Source: Reuters

[winston]

Not vested

Shopping mall owner CapitaMalls Asia may be in focus after it said its net profit for the first quarter fell 24 percent to S$49.1 million ($39.8 million), weighed by a reduction in contributions from three malls that were divested to its real estate investment trusts.

Source: Reuters