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i would suggest to short the stock now, since the high that is being made at ard SGD 1.62 do not have a good volume support even though broke the resistance line.
its a time to short, rather than buy now. heh, just my opinion
shld be more dumping coming since xd is out
stocking trending down...strong sellind down since yesterday...wonder if its good to buy...any 1 has views?
RESULT IS OUT
CMT Achieves 15.8%1 Higher Second Quarter 2009
Distributable Income Year-on-Year
Gross revenue locked-in for 2009 exceeds 98%2 of FY2008 Gross Revenue
Singapore, 24 July 2009 – CapitaMall Trust Management Limited (“CMTML”), the manager of
CapitaMall Trust (“CMT”), is pleased to announce a distributable income of S$67.93 million for the
Second Quarter 2009, which is S$9.3 million or 15.8% higher than S$58.6 million for the Second
Quarter 2008.
CMT remains committed to maintain an annual 100% distribution payout.
Unitholders can expect to receive their Second Quarter 2009 distribution of 2.13 cents per unit on
28 August 2009. The Books Closure date is on 3 August 2009.
CapitaMall surges after CLSA upgrades rating, price target
Tags: Capitaland | Capitamall Trust
| Written by The Edge Singapore |
| Wednesday, 24 June 2009 15:18 |
CapitaMall Trust, a shopping mall operator partly owned by Southeast Asia’s biggest developer, surged after CLSA Asia-Pacific Markets upgraded the stock’s rating and share-price target.
The stock gained as much as 3.1% to $1.37, poised for its highest close since June 16. Its parent CapitaLand also added as much as 1.4% to $3.64.
CLSA upgraded its rating on CapitaMall to “outperform” from “underperform” and raised the share-price target to $1.46 from $1.27.
“Our channel checks suggest that retail space occupancy has held up better than earlier expectations,” Yew Kiang Wong, an analyst at CLSA, wrote in a note dated yesterday. “While rents are off 15% to 20% from their peak, further pressure will be muted.”
Out of sudden many REITS are being bought-up like CapMallTrust, CapCommTrust, CDL Hospitality Trust. just few days ago Rickmers, First Ship Trust...
you can read from sgx website about REIT, http://www.sgx.com/wps/portal/corporate/cp-en/listing_on_sgx/alternative_listing_routes/reits
here just copy first part for reading
A listed Real Estate Investment Trust (REIT) is a vehicle for investment in a portfolio of real estate assets, usually established with a view to generating income for unit holders. REITs assets are professionally managed and revenues generated from assets (primarily rental income) are normally distributed to you, as a unit holder at regular intervals. Units of listed REITs are bought and sold like any other securities listed on exchanges at market-driven prices. The majority of a REIT's assets must be made up of real estate or real estate-related assets. This could include commercial, retail, industrial and residential properties that are located within a specified country or region.
A. Benefits to Property Owners
Optimise capital allocation
- Monetise illiquid real estate assets
- Redeploy proceeds towards value accretive investments
- Alternatively, dividend proceeds to shareholders
Create fee based income
- Creation of fee based revenue stream through management agreements
- Fee income accorded higher valuation multiple by market
Improve return on assets
- Enhances efficiency by reducing asset base while building fee based business to replace rental income
watergate ( Date: 10-Jun-2009 11:52) Posted:
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Newie here. How does REITs shares differs from normal shares?
UOBKayhian upgrade to BUY with TP1.7., its book NAV=$1.65
We visited CapitaMall Trust (CMT) and key highlights are as follows:
Retail sales have rebounded. 1Q09 performance was disappointing as consumers
shied away from shopping malls during the Chinese New Year season. However,
shopper traffic and retail sales bottomed out in Feb 09 and picked up in Apr-May 09.
Negative growth for retail sales has narrowed. Basic and necessity goods have fared
much better than luxury items.
Quality malls attract long-term tenants. Occupancy reached 99.5% in 1Q09,
which is impressive as there is little impact from the recession. CMT benefitted from
a flight to quality to well-located malls. Core tenants, eg BHG, Cold Storage and
NTUC Fairprice, are players with long-term plans for the Singapore market. Renewal
and new leases for 169,233sf of space signed in 1Q09 boasted rental rates that were
1.3% higher than preceding rates.
Occupancy remains in the high-90%. We visited Tampines Mall, Plaza Singapura,
Bugis Junction, Raffles City, IMM Building and Sembawang Shopping Centre over
the weekend. Shopper traffic was heavy. There were no visible vacant shops at the
malls, thus giving us confidence that CMT has maintained occupancy in the high-90%
going into 2Q09. We are impressed by CMT's efforts in organising promotional,
cultural and educational activities to attract shoppers.
We raise our 2010 and 2011 DPU forecasts by 6.1% and 13.0% to 8.7 and 7.8 cents
respectively after factoring in contributions from Jurong Entertainment Complex, which
will be completed in 2H11. We also expect occupancy to taper off to 94% (previous:
88%) and retail rentals to correct 12% (previous: 15%). Upgrade to BUY with a
target price of S$1.70, based on a dividend discount model (required rate of return:
7.2%, growth: 3.0%).
better not short cos sgx filing shows some big institution buying
this counter also goes opposite way today...sian..anyone shorting today?
any news with this counter?
seems like going the opposite way of this rally
bought back @ 1.27.
:) wait to short again
target 1.29 reached!
Since still early, i aim for 1.26 to buy back ba.
well done. today target is 1.29 ;)
Henry$$$ ( Date: 30-Mar-2009 11:12) Posted:
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I follow u, Freeme.
daring.....
short @ 1.34
up 15% today. isnt going in step with rally today also
what happen to this counter? it doesn't seem to be going upwards with the rally