CapitaMalls Asia

Re: CapitaMalls Asia

Postby winston » Mon Dec 10, 2012 12:35 pm

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Shares of CapitaMalls Asia rose as much as 2.8 percent to S$2.01, the highest since February 2011. More than 8.6 million shares were traded, 1.2 times the average full-day volume over the past 30 days.

Nomura sees limited upside to the valuation of CapitaLand Ltd's residential development business at the current level, and advised investors to buy CapitaMalls Asia, a unit of CapitaLand which owns, develops and manages shopping malls.

"We believe it is more attractive to invest directly in CMA to maximise returns from its core earnings recovery and potential capital recycling opportunities," Nomura said.

Source: Reuters
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Re: CapitaMalls Asia

Postby winston » Wed Jan 16, 2013 12:32 pm

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STOCKS NEWS SINGAPORE-CIMB, OCBC raise CapitaMalls Asia's target prices

CIMB Research raised its target price for CapitaMalls Asia Ltd to S$2.05 from S$1.99, and kept its 'neutral' rating, to account for its acquisition of a shopping mall site in China and higher share price for one of its part-owned property trusts.

By 0258 GMT, shares of CapitaMalls were 0.5 percent higher at S$2.16. They have gained 11.3 percent since the start of the year, compared with the benchmark Straits Times Index's <.FTSTI> 1.1 percent rise.

CapitaMalls acquired a shopping mall site in Wuhan, China for S$128.4 million, its fourth in that city. CIMB said this was in line with the company's strategy to expand in its core markets.

The brokerage also lifted its revalued net asset value slightly for CapitaMalls because of the higher share price for its unit CapitaRetail China Trust .

OCBC also raised its target price for CapitaMalls Asia to S$2.55 from S$2.16 and kept its 'buy' rating.

"We continue to favor CapitaMalls for executing sharply on a well thought-out strategy: active capital deployment into its growth market China through deepening its operational presence in key cities, such as Shanghai, Beijing, Chengdu and Wuhan," OCBC said.

Source: Reuters
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Re: CapitaMalls Asia

Postby winston » Thu Feb 07, 2013 8:46 am

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CapitaMalls Asia, a shopping mall owner and developer, posted a 10 percent drop in fourth-quarter net profit to S$184.8 million ($149.26 million) compared to a year earlier.

It cited higher fair value losses and impairment losses suffered from India on its investments and properties.


Source: Reuters
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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