CapitaMalls Asia

[kennynah]

the best thing to do, is to simply avoid them... the biggest danger is to try to corner a counter...no matter how much $$ one has, there are others with so much more...

[profittaker]

Thanks guys thanks for the kind advice.

[winston]

Vested.

DBS Research is initiating coverage on CapitaMalls Asia with a Buy rating and target price of S$2.51 or 1.1x RNAV. CMA’s appeal lies in its pan Asian exposure to the most stable and resilient retail asset class, with a scalable business model that spans the entire value chain.

Its under-leveraged balance sheet with a net debt to equity ratio of below 5% after recent acquisitions of the Meili Mall and Tianfu integrated development in Chengdu as well as recycling capital from the sale of Clarke Quay to CMT enables it to tap significant growth opportunities going forward.

In addition, the stock is a candidate for inclusion into the STI component stocks during the bi-annual review today.

[kennynah]

Vested.

so is he....

[winston]

Hmm... those bullet proof vest can come in very handy when you are shorting the markets in a bull market

=============================================

Vested.

CapitaMalls Asia to join STI after half-yearly review

Singapore & Hong Kong, 11 March 2010 – Singapore Press Holdings (SPH), Singapore
Exchange (SGX) and FTSE Group (FTSE) announced today that CapitaMalls Asia Ltd will
replace Cosco Corp Singapore Ltd as a constituent of the Straits Times Index (STI) following the conclusion of the half-yearly review.

A full list of STI constituents can be found in Appendix 1.

The STI reserve list, comprising the five highest ranking non-constituents of the STI by
market capitalisation, will be (in order of size) Keppel Land Ltd, Yangzijiang Shipbuilding
Holdings Ltd, Ascendas Real Estate Investment Trust, Yanlord Land Group Ltd and Parkway Holdings Ltd. Companies in the reserve list will replace any constituents that become ineligible as a result of corporate actions before the next review.

The STI is widely followed by investors as the benchmark for the Singapore market and is
used as the basis of financial products including Exchange Traded Funds (ETFs), futures,
warrants and other derivatives.

In the FTSE ST China Top Index, China Fishery Group Ltd and People’s Food Holdings Ltd
will replace China Energy Ltd and Sinomem Technology Ltd. Full details of deletions and
additions for all indices can be found under the Index Reviews section at www.ftse.com/st.

All changes from this review will take effect from the start of trading on 22 March 2010. The next review is scheduled for 8 September 2010.

The indices are reviewed half-yearly by the independent FTSE ST Index Advisory
Committee in accordance with the index ground rules. The FTSE ST methodology ensures
the indices accurately represent the investable universe for benchmarking purposes and can be easily replicated as the basis of index-linked products.

For more information about the STI and FTSE ST Index Series including index ground rules, please visit www.ftse.com/st.

[winston]

TOL:-

Vested.

CMA will now be part of the index. Therefore, the index funds would need to adjust their positions by March 21, 2010.

I dont think the index funds were buying the last few days. It was probably the long funds. Index Funds dont normally buy until there's confirmation of the components.

So does that mean that the buying would continue for one more week ?

And if you are a Swing Trader, when is the best time to take profit ?

[winston]

Dear All,

I have moved the various discussions on timing the market into the "Market Timing" thread.

Take care,
Winston

[winston]

TOL:

Forgot to also mentioned that some short term traders were anticipating the inclusion in the index and already have positions before the announcement.

So when would these short term traders be liquidating their position ? They can only sell when there are buyers ..

Still sitting on my position.

[Aspellian]

Congrats to all brothers out there holding this counter!

So the recent push-down to below $2.28 was probably coordinated to shake out weak holders (even after rumours of CapMallAsia to be included in STIndex. )

That was probably the chance to buy instead of sitting on the sidelines.

[kennynah]

huat lah !!!!