by winston » Tue Oct 09, 2012 6:16 pm
not vested
CAPITAL RETAIL CHINA ($1.51, up 1):
While opinions vary among institutional investors given their differing mandates, AIA’s sale of 484,000 units in CRCT on Oct 4 (when it traded at $1.485-1.495 ) is worth noting largely because AIA has as a result ceased to be substantial shareholder with its stake reduced to 4.95% from %.
(AIA had crossed the 5% mark in Jun ’11 with the purchase of 14 mln units at $1.17.)
At $1.51, CRCT is at its highest since Jun ’08 when it was on its way down to 45 cents in December of that year.
We do not have a rating on CRCT. Yield is about 6.4%.
Source: Lim & Tan
It's all about "how much you made when you were right" & "how little you lost when you were wrong"