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CapitaComm is looking good at the moment. The uptrend looks set to continue. This counter is currently trading all it moving average lines. MACD is pointing upwards in positive region.
http://sgsharemarket.com/home/2011/06/singapore-stock-market-screener-08062011/?=CapitaComm
commercial properties is in .....
at this price, is it a laggard now ?
enghou ( Date: 08-Feb-2011 16:11) Posted:
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Any reason for falling? reduced obv. now at oversold region.
time to buy?
Credit Suisse recommends BUY with Target Price at $1.81
BusinessTimes reported that CCT received provisional approval
by the URA in November 2010, to redevelop Market Street Car
Park into a 850,000 sq ft GFA office building. This comes after its
previous OPP obtained in January 2008 had lapsed.
● However, CCT clarified that it has not decided on the conversion,
as material issues like the differential premium payable and the
conditions of the conversion have not been ironed out at this
point.
● Assuming CCT takes on 50% of the conversion project, and
assuming a redevelopment cost of S$0.9-1.0 bn, we estimate that
the conversion will add another 17 Scts to our base-case DDM of
S$1.63, implying a post-conversion value of S$1.80.
● Maintain our OUTPERFORM with a S$1.81 target price, implying
a 28% total return. CCT remains our preferred liquid proxy to the
office upcycle. The key risk to our target price is if CCT neither
acquires asset(s) nor converts MSCP. Then, assuming the cash
pile is used to pare down debt, implied DDM is S$1.73.
Life Is Great
Buying 1 lot by 1 lot, very fun?
Buy more. Marquee comm stock!
Today is a Good Day to Buy CapitaComm.
Business: Investing in Quality Income-Producing Properties Predominantly used for Commercial Purposes; In Singapore.
Now Trading at $1.48.
1. In an Uptrend Channel with Potential High of $1.55.
2. Just Bounded Off its Support Level at $1.45.
3. Price just cross MA30 into Bullish Territory.
4. MACD lines are about to cross and move upwards.
5. Stochastic already crossed and leaving the oversold region.
6. Regular Distribution per Unit to investors.
7. Revenue has a small dip, but Distribution Income and Cash Flow Increase QoQ.
8. Debt are reduced YoY.
9. Major Shareholders have been Buying this REIT since beginning of this year.
Grade: 7.
Stop-Loss Below: $1.445.
Target Price: $1.55.
More on my Blog at Alex Trades.
This is just my personal analysis. You invest at your own risk.
Good luck to all.
Singapore Property Sector by Credit Suisse
1H11 government land sale programme – neutral for residential, positive for office and hotels
While the government released another aggressive land sale
programme for 1H11, with a total residential supply of 14,300
units, 3% above the record 13,900 units in 2H10, the confirmed
list was similar to 2H10’s 8,125 units. This suggests the
government does not want prices to collapse from oversupply.
● Nonetheless, we believe the government is set to issue more
demand-side measures, should mass market and HDB prices
continue to escalate. More measures include stamp duty, capital
gains tax, lowering LTV further and raising cash component.
● The GLS remains more supportive to office asset values, as only
one new CBD site was put on the Confirmed List, that could yield
about 280k sq ft NLA. In the longer term, more supply is expected
from the six plots at Marina Bay and Ophir/Rochor Road under the
recently concluded agreement with Malaysia. These could yield
over 5 mn sq ft GFA of office space but will only kick in after 2015.
● Two new hotel sites are made available, albeit via the Reserve List,
pointing to low risk of oversupply. We remain positive on the office
and hospitality proxies: OUE, CDL, CCT, KREIT and CDLHT.
Make love more, don't make more enemies
CapitaCommercial Trust - Maintain Outperform by Credit Suisse
According to BT, Wong Partnership will be taking up space at
MBFC Tower 3, while Lloyd’s and Julius Baer will be relocating to
Asia Square Tower 1.
● There could be potential vacancy risks at CCT’s OGS, which
currently houses Wong Partnership, Julius Baer and Lloyd’s. If the
three tenants vacate in 2012, we estimate that the move would
impact close to 40-50% of OGS’ monthly gross rental income, but
unlikely to hit 2012’s DPU because of the income support (at
4.25% cap rate) till 2013.
● CCT’s management thinks vacancy risk will be mitigated, given
the strong demand and potential shortage beyond 2013. Also,
management will continue to focus on its leasing front and
manage cost to strengthen DPU growth.
● With the higher pre-commitment levels at the new office space
and easing oversupply concerns, we believe that Singapore office
rents will continue to trend upwards. We maintain our
OUTPERFORM rating on CCT, given its exposure to the
Singapore office space
Make love more, don't make more enemies
Hi forumers, any good news for CapComm. This stock is up 8 cents to $1.48 today.
1.36 TP hit, anyone know what's the next resistance?
Yes.
Hi, if i buy the counter now, wld still be on time for dividend? thks.
CapitaCommercial Trust Q2 distributable income up 16 pct
SINGAPORE, July 21 -Singapore's CapitaCommercial Trust <CACT.SI>, managed by CapitaLand <CATL.SI>, said on Wednesday its second-quarter distributable income rose 15.9 percent on a higher rental contribution and lower property operating expenses.
It had a distributable income of S$55.67 million ($40.55 million) in April-June, compared with S$48.02 million from the year-earlier period.
Its distribution per unit rose 15.2 percent from a year ago to 1.97 Singapore cents in the second quarter.
Since reports that comm property is recovering, Cap has been on the ascend. Now when will Frasercomm follow suit?
Finally, it broke thru the Double-top resistance of $1.2.
A counter to lookout for.
Breakout anytime. :)
Should be for 6 months, Jan to Jun 2010. Payable end Aug 2010
Does anyone know when the next dvd will be?
Let's hope so lor