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CapitaMall

is it u sold/cut yours yesterday?

freeme      ( Date: 10-Dec-2008 15:43) Posted: Haiz.. it comes so late.. didnt follow thru my action. damn it! else now $ in the bag liao.

 

Haiz.. it comes so late.. didnt follow thru my action. damn it! else now $ in the bag liao.

 

I was approached about a month ago but still consdiering. this is a senior secured bond and secured with Plaza Atrium (valued at about $803m), total bond issued is $650m. The initial offered price was $100, you get about $105 upon maturity in 3 years time (on top of the 1% dividen pay out), but some are selling at a huge loss at about $80 now (went down to below $70 at one point), just wonder if anyone has taken up this deal?

 

It dropped as of now instead, at $1.40 now. Price even hit $1.38 just now.

freeme      ( Date: 08-Dec-2008 11:32) Posted: The rebound is coming... tues... jasonongsc      ( Date: 08-Dec-2008 11:17) Posted: this mall is the largest reit, should be able to survive this crisis. if not, then all the reit will end as well

 

Dont be misled by high dividend yield, they are just base on current payout and share px, which have been sold down..dont read and believe today ST report.

What will happen when come next year and share px are even lower and worse they are not making $ and decide to pay less or worst nothing...some with lousy gearing may even go under who know..

Invest into good counter with good balance sheet and cash flow..

I like First reit, Parkwaylife, and hyfluxwatertrust..vested...DYODD

 

Yes,agree some are too big to save, and the bailor may decide to let it go under...

Big is not the question, over leverage, over borrowing and poor abalance sheet and lousy management is...

You are big so what, the whole world is bigger,mmmm

stupidfool      ( Date: 08-Dec-2008 14:43) Posted: friend Haha..of course capitalmall is the largest...it will survive no doubt. Bt wat about lehman bros...arent they big too? wat about AIG...nearly collaspse if not for bail out? etc etc....all the big ones that u read in the papers daily,arent they not big or larger than capitlamall???? Just my opinion.

 

any TA guy here wanna share his/her analysis on it's short-term likely price direction?

I'm undecided on whether wanna buy this tomoro morning again or not?

Actually, I bought this last fri but contra sold all off for a profit, & was glad when I saw it closed at it's intraday low of $1.43.

 

friend

Haha..of course capitalmall is the largest...it will survive no doubt.

Bt wat about lehman bros...arent they big too?

wat about AIG...nearly collaspse if not for bail out?

etc etc....all the big ones that u read in the papers daily,arent they not big or larger than capitlamall????

Just my opinion.

 

The rebound is coming... tues...

jasonongsc      ( Date: 08-Dec-2008 11:17) Posted: this mall is the largest reit, should be able to survive this crisis. if not, then all the reit will end as well

 

this mall is the largest reit, should be able to survive this crisis. if not, then all the reit will end as well

 

lol... Capitamall is REITs leh, sinking?

 

stupidfool      ( Date: 07-Dec-2008 11:51) Posted: Cruising off? Capitalmall is REIT....sinking u mean?

 

 

Cruising off?

Capitalmall is REIT....sinking u mean?

 

Thosewho nt yet in, next tues last chance liao.. cruising off soon

 

Okie... moving well. Can reach 1.6 can liao.. not greedy

 

Okie finally find something that might be worth trading soon. Awaiting to entry at ideal price 1.45. Current price also not bad, but i just want to play it safe. Wait awhile more.

 

 

Thu, 25 Sep 2008, 08:48:10 SGT While the completion of 651,000 sqm of retail space between 3Q08 and 2011 would inevitably put downward pressure on rental rates, we think strong retail mall managers can still ride out the tough period through well-executed asset management and enhancement. Change in management raises concerns but we think the transition should be a smooth one. With plans for future AEIs in place, we do not think the change in management will derail the progress of AEIs going forward. We do not see significant change in the fundamentals of CMT’s retail malls, but we are lowering our fair value to S$3.05 (previously S$3.21) after raising our office cap rate from 4.5% to 5% and lowering our rental forecasts for office spaces. Share price could stay depressed for a while as market awaits further clarity on the direction of CMT under the new CEO. We are keeping our BUY rating for CMT. Strong REIT managers will shine in difficult times. The completion of 651,000 sqm of retail space between 3Q08 and 2011 would inevitably put downward pressure on rental rates. But during the slump in retail rental rates in 2001-2003, CMT had been able to raise its rental rates through asset enhancement initiatives (AEIs) and space reconfiguration despite challenging operating condition. As such, we think strong retail mall managers can still ride out the tough period through well-executed asset management and enhancement. Expecting a smooth transition in stewardship. Last week, Mr Pua Seck Guan, the CEO of CMT, announced his resignation with effect from 1st November 2008 and Mr Lim Beng Chee will take over Mr Pua’s role as the new CEO. Transition in stewardship should be smooth as Mr Pua had already made known to CapitaLand of his intention to pursue personal interest since last year and this would have given CapitaLand ample time to prepare for the transition. Growth unlikely to be derailed with management change. Mr Pua had been instrumental in the growth of CMT since its IPO. With his departure, concerns have been raised on the outlook of CMT, which was evidenced in the sharp decline in CMT’s share price after the announcement. We think such concerns have been overdone. With plans for future AEIs in place, we do not think the change in management will derail the progress of AEIs going forward. Yield discount attributable to size difference. While CMT is still trading at FY08 yield discounts of 1.3% to 2.0% to other retail REITs, we note that this yield discount correlates to the size of the REIT and this is also prevalent in office and industrial REIT sectors. For CMT, this yield discount is expected to narrow in FY09 with the increase in DPU. Fair value lowered to S$3.05. We do not see significant change in the fundamentals of CMT’s retail malls, but we are lowering our fair value to S$3.05 (previously S$3.21) after raising our office cap rate from 4.5% to 5% and lowering our office rental forecasts, in line with our cautious stance for the sector. Share price could stay depressed for a while as the market awaits further clarity on the direction of CMT under the new CEO and yield spread over 10-year

 

I remember this happened just not too long ago (going down significantly in one afternoon) without reasons recently...................

 

wad's up with this counter today...keep going down until this kinda stage..somemore DMG issued a buy target of $4 today

 

its not easy to have guts in buying big during such times...

Time	Last	Volume	Buy/Sell
15:16:17	3.260	8,000	Sell Down
15:13:38	3.270	1,000	Buy Up
15:13:36	3.270	300,000	Buy Up