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CapitaMall

Veri high alredi.....

 

thinking to go in if the price hit 1.99.

 

Capitamall formed a Bullish Inverted Hammer formation today. However, it faces immediate resistence from it's 14day MA now. the 14day MA is pointing neither up nor down now. No clear direction yet. Wait for confirmation before buying.

http://sgsharemarket.com/home/2011/06/singapore-stock-market-screener-09062011/?=Capitamall

 

 

CapitaMall Trust
June 6 close: $1.95
OCBC Investment Research, June 6

Tender award: CapitaMall Trust (CMT) has been successfully awarded the Jurong Gateway site, located at Boon Lay Way by URA on May 30 at a tender price of $969 million (S$1,1012 psf ppr). This was a joint tender with CapitaMalls Asia and CapitaLand, of which CMT has a 30 per cent stake in the joint venture. The total development costs are expected to be about $1.5 billion ($1,566 psf ppr).

The land parcel has a prime location next to both Jurong East MRT station and Jurong East bus interchange. Jurong is slated to be the largest regional centre in Singapore for commercial developments outside the city centre (under URA's Jurong Lake District Masterplan). Jurong Gateway is about 2.5 times the size of Tampines Regional Centre.

'3-in-1' Mega Mall in Jurong: CMT will be building a 25-storey retail cum office property at the new site, adjacent to another upcoming Lend Lease office/retail building, scheduled for completion in 2014. With two other CMT malls in the vicinity (IMM and JCube), CMT's selling proposition is to create a '3-in-1' mega mall in Jurong, offering one million sq ft of retail net lettable area (NLA) within three minutes' drive from each other in Singapore's soon-to-be largest regional hub. CMT intends to finance the development by internal funds and debt.

Downgrade to HOLD on valuation grounds: We have factored in contributions from both the retail mall and office building into our valuation, commencing on December 2013 and June 2014 respectively. Out total development costs for CMT works out to about $469 million, which accounts for 5.8 per cent of CMT's total assets as of March 31 (within the property fund guideline of 10 per cent development cap).

CMT has guided that it is targeting rentals of $16-18 psf per month and $7-8 psf pm for the retail and office segments respectively, with an initial yield-on-cost of 6 per cent. According to our model, these targets are fairly tight and require somewhat vigorous occupancy rates in the first year to attain the desired 6 per cent yield. In addition, unlike the Tampines Regional Centre, which is hailed as the 'financial hub in the east', the Jurong precinct does not have a strong financial institution catchment base.

We therefore remain wary of (1) the office take-up in that area, with the nearby International Business Park, JTC Summit and iHub buildings offering cheaper alternatives and (2) 'retail tenants' fatigue' among the four malls within a 500 million radius from the MRT station. Moreover, CMT's share price has appreciated 6.5 per cent since our last report dated on April 21. Downgrade to HOLD on valuation grounds with an increased fair value of $2.05 (previously $2.02). We will turn buyers at $1.93. 
HOLD

 

Capitamall break out today with high volume. Nice! From the looks of it, the bull run is not over yet.


http://sgsharemarket.com/home/2011/05/capitamall-break-out/

 

Those who want to enter a trade in this down market, capitamall just signal a buy trade on daily charts, price to enter 1.91. now is not to late to enter for those interested

 

 

Capitamall is looking good.

http://sgsharemarket.com/home/2011/05/capitamall-bullish-uptrend/

 

Sold @190.....good stock to own.....but need money for something else.....heeeee....

Andrew      ( Date: 19-Apr-2011 21:59) Posted: I'm back @185.  Results should be out 2moro after trade.

 

I'm back @185.  Results should be out 2moro after trade.

 

 

Sold @ 191.....this stock is really heart robbing ....... from 171 all the way to 193.

Window dressing ? The CMA dual listing ?


Just like eBay say.....Will definitely buy again !!!

 

UBS recommends BUY with Target Price of $2.06

  Compelling at 5.6% 2011 DPU yield upgrade to Buy rating

CapitaMall Trust (CMT) has corrected -8.2% year-to-date versus -5.9% for SREIT

and -5.8% for STI. We believe the share price decline was triggered by: 1)

concerns on SREIT incumbents being a funding source for the upcoming IPO

pipeline and 2) rich valuations with yields at -1SD. We believe funding concerns

should be alleviated by the deferment of potential listings. We therefore view the

current correction as a good entry point for exposure to a large cap, well-managed

retail portfolio, particularly in an environment of higher inflation expectations. We

upgrade our rating to Buy.

􀂄 Strong tourist arrivals positive for retailers

Singapore visitor arrivals reached a record high of 11.6m in 2010 and we project

continued growth to 12.7m (up 9% YoY) in 2011. Retail sales are correlated to

visitors and we think this bodes well for retailers’ ability to drive continued rental

increase. In FY10, CMT achieved positive rental reversion of 6.5% and we expect

growth to continue at a similar clip.

􀂄 Risk: convertible bond (CB) holders exercising their put options

There is S$580m of out-of-the-money CBs that can be put to the REIT in July

2011. Refinancing per se is not a risk, in our view. However, assuming all put

options are exercised, we estimate S$30m (0.94¢/unit) negative impact on

distributions from premiums payable. We flagged this issue in October 2010 and it

is well documented. We think the 2011 DPU impact is a one-off and should not

distract from underlying fundamentals.

􀂄 Valuation: upgrade to Buy rating, maintain price target of S$2.06

Our DCF-based price target assumes a 2.6% risk-free rate, 0.95x beta, and 5%

ERP.

Good Luck 

 

DBSV reported Japanese touristaccount 5% of the arrival in Jan2011.  Last year 2010 also 5% or 529000 visitors.

Indonesian, PRC and Australian are the top 3 or 42% of arrival.

albeniz      ( Date: 22-Mar-2011 21:10) Posted: Japanese are big spenders when they are tourists overseas. The earthquake, tsunamis and nuclear issues have affected many Japanese and its economy badly.  Many Japaneses would be tighening their belts and watching their expenses. With an anticapted drop in Japanese visitors, retail businesses would drop and rental revenue is likely to decrease.  Hence CMT price drops. My 2 cents.         Moneysense      ( Date: 18-Mar-2011 21:27) Posted: CMT does not have any property in Japan. Why their stock price keeps dropping? Any expert can enlighten me? Thanks.

 

Tampines Mall

Junction 8

Funan

IMM

Plaza Sin

Bugis Jun

Sembawang

Jcube

Hougang Plaza

Raffles City

Lot 1 Shopper Mall

Bukit Panjang Plaza

The Atrium@Orc

Clarke Quay

 

Sure have some impact ba.......I think OK as they have heartland malls.....

albeniz      ( Date: 22-Mar-2011 21:10) Posted: Japanese are big spenders when they are tourists overseas. The earthquake, tsunamis and nuclear issues have affected many Japanese and its economy badly.  Many Japaneses would be tighening their belts and watching their expenses. With an anticapted drop in Japanese visitors, retail businesses would drop and rental revenue is likely to decrease.  Hence CMT price drops. My 2 cents.         Moneysense      ( Date: 18-Mar-2011 21:27) Posted: CMT does not have any property in Japan. Why their stock price keeps dropping? Any expert can enlighten me? Thanks.

 

Japanese are big spenders when they are tourists overseas.

The earthquake, tsunamis and nuclear issues have affected many Japanese and its economy badly.  Many Japaneses would be tighening their belts and watching their expenses.

With an anticapted drop in Japanese visitors, retail businesses would drop and rental revenue is likely to decrease.  Hence CMT price drops.

My 2 cents.

 

 

 

 

Moneysense      ( Date: 18-Mar-2011 21:27) Posted: CMT does not have any property in Japan. Why their stock price keeps dropping? Any expert can enlighten me? Thanks.

 

Oh.....dated March 2nd, saw change in percentage. Its subs were trading the stock........

dealer0168      ( Date: 21-Mar-2011 20:16) Posted: Yes u right on the NAV. Btw When did Temasek buy? Next, today STI up alot, maybe tomorrow will shield bk some .....for some stocks. N Capitamall TA still not quite good. Let continue monitoring. Andrew      ( Date: 21-Mar-2011 13:04) Posted: I remember NAV is something like 155.......but temasek is buying......

 

Yes u right on the NAV. Btw When did Temasek buy?

Next, today STI up alot, maybe tomorrow will shield bk some .....for some stocks.

N Capitamall TA still not quite good.

Let continue monitoring.

Andrew      ( Date: 21-Mar-2011 13:04) Posted: I remember NAV is something like 155.......but temasek is buying...... dealer0168      ( Date: 20-Mar-2011 09:32) Posted: wait fr it to drop near to it NAV value than collect

 

I remember NAV is something like 155.......but temasek is buying......

dealer0168      ( Date: 20-Mar-2011 09:32) Posted: wait fr it to drop near to it NAV value than collect. Andrew      ( Date: 19-Mar-2011 15:17) Posted: Actually, before the Japan disaster it is alredi falling.......after CNY all stocks are falling. I sold mine at 1.96 in end Jan and collected 2.36cts There are too many shopping  mall perhaps....especially in Orchard Road area.  Competition is so bad that mall are closing to refurbish and reno. I bought some at 1.78 but still falling.....chey....

 

wait fr it to drop near to it NAV value than collect.

Andrew      ( Date: 19-Mar-2011 15:17) Posted: Actually, before the Japan disaster it is alredi falling.......after CNY all stocks are falling. I sold mine at 1.96 in end Jan and collected 2.36cts There are too many shopping  mall perhaps....especially in Orchard Road area.  Competition is so bad that mall are closing to refurbish and reno. I bought some at 1.78 but still falling.....chey.... Moneysense      ( Date: 18-Mar-2011 21:27) Posted: CMT does not have any property in Japan. Why their stock price keeps dropping? Any expert can enlighten me? Thanks.

 

Actually, before the Japan disaster it is alredi falling.......after CNY all stocks are falling. I sold mine at 1.96 in end Jan and collected 2.36cts


There are too many shopping  mall perhaps....especially in Orchard Road area.  Competition is so bad that mall are closing to refurbish and reno.

I bought some at 1.78 but still falling.....chey....

Moneysense      ( Date: 18-Mar-2011 21:27) Posted: CMT does not have any property in Japan. Why their stock price keeps dropping? Any expert can enlighten me? Thanks.

 

CMT does not have any property in Japan. Why their stock price keeps dropping? Any expert can enlighten me? Thanks.