CapLand India T    Last:0.97    -0.01

AREIT India

The BB's are unloading.  Saw sgx anno. OCBC is one of them.

 

Haiz i kana burn by this share...........the shares should be good by de price keep dropping dunno wat happen...haiz

 

why suddently drop so much from 80 + cents , what happend

 

this one engine wants to start liao.... see ladder right or not.... hehe....


 

 

Indian stocks soar 17% on election Trading halted after shares leap on hopes that ruling coalition's victory will usher in more stable government.

 

sanyad74      ( Date: 07-May-2009 20:38) Posted: hi today this counter jumped  .. anyone know what is the resistance for this counter? Thanks

 

hi today this counter jumped  .. anyone know what is the resistance for this counter? Thanks

 

Hi guys,

Extract from Results for the Third Financial Quarter Ended 31 December 2008

Currency

INR has weakened against SGD over the past 12 months. While weaker INR may enhance the

competitiveness of India’s IT / ITES exports, the trust income when translated to SGD will be lower.

To manage currency volatility for distribution purposes, the trust has entered into forward contracts

to hedge substantially the INR cash flow it expects to receive.

 

The rates hedged for distribution for 2H FY 08/09 is Rs 28.81 to S$ 1.

The rates now is Rs 33.2965 to $1.

Does the company benefit from the hedge? Can some financial experts help to explain as I don't really understand the message above. 

Thank you. 

 

JPMorgan keeps Ascendas India Trust at Overweight after meeting with management for update. Says management indicates continued strong uptake, rental increases in its asset portfolio despite concerns of potential IT/ITES slowdown and oversupply issues in Bangalore/Hyderabad. JPMorgan notes about 24% of existing leases up for renewal in FY09; "ability of the trust to renew/sign on additional leases at higher on-year rents should, in our view, provide proof of its ability to withstand a challenging macro environment." Says recently revised target price to $1.36 (previous not given) to factor in higher cost of capital assumption in line with revision for other S-REITs.

 

I am not convinced about the UBS report. They are talking about short term I presume. As all know India is booming and there is more potential in the comming years. So load up guys and reap the dividends. Reits like Ascendas India offer safe returns over the years. Cheers. Happy Investing.

 

This is truely a Bangali stock... all get play out ...

zhuge_liang      ( Date: 15-Jun-2008 20:54) Posted: UBS downgrades Ascendas India Trust to Neutral from Buy, cuts target price to $1.07 from $1.40. Broker says downgrade due to worries over Indian economic outlook, currency weakness; "we think perceived Indian macro weakness especially the weaker Rupee against S$, could weigh on unit prices." Warns consensus estimates have not fully allowed for depreciating currency. Says on plus side, trust is benefiting from strong lease take-up, low gearing.

 

UBS downgrades Ascendas India Trust to Neutral from Buy, cuts target price to $1.07 from $1.40. Broker says downgrade due to worries over Indian economic outlook, currency weakness; "we think perceived Indian macro weakness especially the weaker Rupee against S$, could weigh on unit prices." Warns consensus estimates have not fully allowed for depreciating currency. Says on plus side, trust is benefiting from strong lease take-up, low gearing.

 

how was the financial result?

 

What happenned to this counter guys, it seems there is no interest in it.  After ex divid. worse.

 

Looking at the momentum that this counter is picking up, it should hit $1.40 in no time (possibly by middle of the year?) If that happens, $1.84 and beyond should be on the cards...

LilyLi      ( Date: 30-Apr-2008 21:40) Posted: $1.84 was a one-off fluke when it was first traded. It's unlikely to hit that level within this year. I'll be happy if it strikes near $1.40. koolsice      ( Date: 28-Apr-2008 21:54) Posted: Finally breaking the IPO price of $1.18 after a long time.. Hope it goes even higher than the all time high of $1.84..

 

Hi Sarah

$1/29 done now.

I've confidence in this REIT. India will boom for the next 25 years.

Rahul Gandhi will be taking his place on the Indian geo-political stage very soon. This is all ++ news for India. Ascendas has a good proven record of delivering the meat on the table.

 

regret... need it to go to $3 if possible :)

 

$1.25 liao!

Mid-year juz ended 31 Mar 2008 and so results out soon. Gonna be good lah.

LilyLi      ( Date: 28-Apr-2008 21:21) Posted: This Reit has been steadily picking up steam this month - firstly 1 cent....2 cent and lately many cents. It's the only reit I've in my portfolio. Juz watched CNN profile the 'personal assistant' biz, that is Indian PAs serving American customers 24/7 some thousands of kilometres away. The Indian IT sector is ever creating new values. KepLand is also building high-end condos in Bangalore, aptly named Elita@Horizon and Elita@VistaGarden . Looks like this reit is going to soar up to $1/30 soon.

 

$1.84 was a one-off fluke when it was first traded. It's unlikely to hit that level within this year.

I'll be happy if it strikes near $1.40.

koolsice      ( Date: 28-Apr-2008 21:54) Posted: Finally breaking the IPO price of $1.18 after a long time.. Hope it goes even higher than the all time high of $1.84..

 

i am waiting to buy in...

 

Yoh, now India got inflation and rice issues. Think trice before you act on what u wanted to do. Be safe is the best policy, nowadays. AK view, trade with your own risk leow.