CapitaMalls Asia

Re: CapitaMalls Asia

Postby Aspellian » Tue Aug 23, 2011 11:51 am

winston wrote:It added that the company's acquisition of the remaining 50 percent stake in Minhang and Hongkou malls for S$949 million ($785.4 million) is expected to contribute around S$13 million to profit after tax and minority interests.

Source: Reuters


hmmm... only 1.3% return??? or maybe that is half year - so if full year only 2.5% return? maybe if the malls are stabilise - then returns are better. ;)

but getting concern over capitaland's mgt and their timing or purchase price.

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Re: CapitaMalls Asia

Postby winston » Thu Aug 25, 2011 3:09 pm

Not vested

Singapore Hot Stocks-CapitaMalls surges after block trade

SINGAPORE, Aug 25 (Reuters) - Shares of CapitaMalls Asia , which owns shopping malls, surged 7 percent on Thursday, as an overhang on the stock was lifted after a block trade was executed.

At 0645 GMT, shares of CapitaMalls Asia 6.7 percent at S$1.26 with over 55.1 million shares changing hands. This was 5.5 times its average daily volume in the last five days.

In the block trade, 42 million shares were transacted at S$1.20 each, two traders said.

"Previously the market was anticipating that this bloc trade was going to happen, which created some overhang on CapitaMalls' shares.

( Maybe the authorities are sleeping )

So now that the deal is done, investors who wanted to buy its shares are buying now," said an analyst who declined to be named.


Source: Reuters
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Re: CapitaMalls Asia

Postby tonylim » Thu Aug 25, 2011 4:51 pm

I managed to buy some to average down my costs after seeing some insiders buying .
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Re: CapitaMalls Asia

Postby winston » Fri Sep 30, 2011 8:32 am

not vested

Singapore shopping mall developer CapitaMalls Asia may be in focus after announcing that its secondary listing in Hong Kong would begin trade on Oct 18.

No new shares will be issued as a result of the listing, it said on Friday.

Source: Reuters
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Re: CapitaMalls Asia

Postby winston » Thu Oct 06, 2011 7:05 am

not vested

Mainland comes of age for mall operator by Grace Cao

CapitaMalls Asia said more than half of its 55 malls in China will become profitable from next year.

( Winston: I read half of it's malls are not profitable )

It is currently building 15 malls in the mainland.

"From next year, China will replace Singapore and Malaysia as the biggest revenue driver," said chief executive officer Lim Beng Chee.

The firm entered the mainland six years ago by acquiring seven malls. Its latest project is Suzhou's largest mall, being built under a 50:50 joint-venture with Suzhou Industrial Park Jinji Lake Urban Development.

The mall operator has also been raising rents at a rate of 20 percent for tenants renewing leases.

"We could lock in 90-92 percent of the rents, while the rest will be charged according to sales," said Lim.

CapitaMalls now wants to list in Hong Kong by introduction on October 18 and its shares will begin trading under the stock code 6813.

The SGX-listed company owns 96 malls in Asia. It will reveal third-quarter results on October 19.

Most the firm's malls in China run under two brands - CapitaMalls and Raffles City. Since 2005, it has invested S$1.3 billon (HK$7.75 billion) per year in China - mostly in second- and third-tier cities.

CapitaMall Jinniu, located in Chengdu - a third-tier city - for example serves up to 50,000 people per day. The stock closed at S$1.175 yesterday.


http://www.thestandard.com.hk/news_deta ... 11006&fc=7
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Re: CapitaMalls Asia

Postby winston » Mon Oct 17, 2011 11:27 am

not vested

Singapore Hot Stocks-CapitaMalls Asia up ahead of HK listing

SINGAPORE, Oct 17 (Reuters) - Shares of Singapore shopping mall developer CapitaMalls Asia , a unit of property firm CapitaLand , rose as much as 3.1 percent on Monday, one day before the trading of its shares in Hong Kong begins.

At 0234 GMT, CapitaMalls shares were up 2 percent at S$1.295 on a volume of 7.2 million shares, around 1.4 times the average daily volume in the last 30 days. The broader Straits Times Index <.FTSTI> was 1 percent higher.

"They have huge exposure to the Chinese retail malls, so listing in Hong Kong will benefit them in terms of broadening their shareholder base and branding," said Bryan Go, an analyst at Phillip Securities.

No new shares will be issued as a result of the Hong Kong listing, CapitaMalls said in a statement last month. The company had said in March that it would seek the secondary listing to bolster its expansion in China.


Source: Reuters
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Re: CapitaMalls Asia

Postby winston » Tue Oct 18, 2011 7:36 am

Lousy day to have a new listing in HK.

If it drops in HK, will it affect it's Spore listing ?
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Re: CapitaMalls Asia

Postby winston » Wed Oct 19, 2011 8:23 am

not vested. And this is coming one day after the listing in HK. Brilliant job :P

CapitaMalls Asia Ltd , which owns shopping malls, may be in focus after it said its third quarter net profit fell 30 percent to S$36.5 million from a year ago, weighed by a one-off provision for its Hong Kong listing expenses.

Source: Reuters
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Re: CapitaMalls Asia

Postby winston » Thu Oct 20, 2011 11:13 am

not vested. Do you know what you are buying ?

CapitaMalls Asia reported net profit of $36.5m, down 30% yoy, on revenue of $66.9m, +57% yoy. This is line with expectations.

Looking ahead, 3 malls are expected to open in 4Q in China including Hongkou Plaza in Shanghai, Crystal Mall in Beijing and Xuefy in Harbin.

By end 2011, about 55 malls or 59% of China GAV, will be operational. A further 6 malls in China and 2 in Spore are scheduled to open.

In the mean time the group has continued to deploy its balance sheet into new investments including the latest development in Suzhou. This will form part of the visible growth pipeline.

Our analyst continues to like the stock for its pan Asian retail real estate exposure and continued deployment of balance sheet capacity into new investments.

Maintain Buy with TP $1.93 (previous $2.51) based on RNAV discount.

Source: DBS
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Boredom Strikes! 05 (Jul 11 - Dec 11)

Postby winston » Sun Oct 30, 2011 11:37 am

Ion Orchard forced to close all toilets

Shopping centre Ion Orchard had to close all its toilets on Saturday afternoon due to a slowdown in its water supply, affecting both customers and staff.

The mall’s spokesman said that water supply had slowed down considerably, prompting management to close all its toilets around 4pm so water could be channeled to restaurants and eateries.

Ion Orchard, which houses a number of luxurious brands, has toilets on six of its eight levels, reported The Straits Times.

http://sg.news.yahoo.com/ion-orchard-fo ... ilets.html
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