Capitaland Investment 02 (Jun 10 - Dec 25)

[winston]

Not vested

CapitaLand shares rose as much as 1.8 percent after Credit Suisse said it saw deep value in the stock, which was trading at one time price to book ratio and 0.69 times revised net asset value. The brokerage has an outperform rating on CapitaLand.

At midday, CapitaLand shares were up 1.5 percent at S$3.39 on a volume of 9.6 million shares.


Source: Reuters

[winston]

Not vested. What's the point for a 5 cents increase in TP ?

RESEARCH ALERT-OCBC ups target on CapitaLand to S$4.10, keeps buy

SINGAPORE, April 11 (Reuters) - OCBC has raised its target price on CapitaLand , Southeast Asia's largest property developer, to S$4.10 from S$4.05 and maintained its buy rating.

STATEMENT: OCBC said some down-side risks to CapitaLand come from the Chinese government's plan to build 36 million low-income houses by 2015 and increasing determination to curb property prices.

However, the brokerage said that given CapitaLand's current share price, the worries are overwrought because Chinese residential exposure only takes up around 12 percent of the firm's total book assets in 2010 financial year excluding cash.

In addition, high-end residential projects in China such as the Paragon Shanghai and Beaufort Beijing are well thought-out and likely to be resilient in a weak market, OCBC said.

CapitaLand shares closed at S$3.50 on April 8. The stock had fallen 5.7 percent so far this year.


Source: Reuters

[winston]

Not vested

RESEARCH ALERT-OCBC lowers target on CapitaLand to S$4.05; keeps buy

SINGAPORE, April 27 (Reuters) - OCBC Investment Research has lowered its target price on Singapore's CapitaLand , Southeast Asia's largest property developer, to S$4.05 from S$4.12, but maintained its buy rating.

STATEMENT: CapitaLand reported a three-fold increase in first quarter net profit after restating the year-ago figure, helped by higher profits from development projects and portfolio gains.

[ID:nL3E7FQ0AR] OCBC said CapitaLand's sales of Chinese units in the first quarter were markedly slower compared with a year earlier and the firm may miss its 4,000-unit sales target in China this year, excluding low-cost housing.

But the brokerage said accretive acquisitions could be potential near-term catalysts for the stock.

Ascott, CapitaLand's service residence arm, has deployed S$335 million ($271.8 million) into seven assets in India and Germany and is eyeing more units. CapitaMalls Asia may also make more acquisitions, OCBC said.

At 0212 GMT, CapitaLand shares were up 0.9 percent at S$3.43 on a volume of 2.3 million shares.($1 = 1.233 Singapore Dollars) (Reporting by Eveline Danubrata)


Source: Reuters

[winston]

Not vested

Singapore Hot Stocks-CapitaLand down on policy tightening worries

SINGAPORE, May 11 (Reuters) - Shares of Singapore's CapitaLand , Southeast Asia's largest property developer, fell as much as 2.2 percent on Wednesday on worries about further cooling measures in China, which contributes around 27 percent to total company revenue.

In CapitaLand's first quarter, revenue from China was S$163.4 billion ($132.7 billion), out of total revenue of S$611.5 billion, according to its financial result announced last month.

China's April headline consumer price inflation slowed to 5.3 percent in the year to April from 5.4 percent in March, but still exceeding a 5.2 percent rise forecast by economists polled by Reuters.

CapitaLand stock has also been soft as pressure mounts on the Singapore government to make housing more affordable in the city state.

Singapore's ruling party predictably returned to power in the general election last week, but its share of the popular vote slipped to around 60 percent, its worst showing since independence.

At 0308 GMT, CapitaLand shares were down 1.6 percent at S$3.17 on a volume of 12 million shares. The stock has fallen around 3 percent so far this week.

"There has been a confluence of worries with regard to policy risk, be it in Singapore or China," said Wilson Liew, an analyst at Kim Eng Securities.

"CapitaLand has often been taken as one of the bellwether stocks for property in the Singapore market. Some people also see it as a proxy to the China property market, so if there is news of cooling measures in China, it will also get affected."


Source: Reuters

[LenaHuat]

This ticker is going to suffer:
http://www.cs.com.cn/english/ei/201105/t20110513_2877808.html

[iam802]

Maybe...it will say Hello to $2.40

[LenaHuat]

H iam802
$2.40 I see high execution risks in low value housing in China

[LenaHuat]

I don't know whether to believe this:

Developers such as China Vanke Co. are taking part in the plan even as they struggle to profit from the projects: Vanke said it will take 57 years for the company’s first social housing project to break even. Soho China Ltd. has warned that at least half of the country’s developers will go out of business if they are forced to embark on such projects.

http://www.quamnet.com/newscontent.action?articleId=1914886&listSectionCode=NEW_HEAD

[winston]

Not vested

CAPITALAND - Singapore property developer CapitaLand has emerged as the top bidder at S$967 million ($775 million), or S$1,012 per square foot per plot ratio, for a site in Jurong in the western part of the city state, according to CBRE Research

Source: Reuters

[LenaHuat]

Gosh, this is higher than the $841 psf per plot ratio white site next to the Bedok MRT station on the eastern part of our isle.
It's 20% higher