Capitaland Investment 02 (Jun 10 - Dec 24)

[iam802]

Anyone knows where this land parcel is at?

Which part of Jurong?

[winston]

Not vested

Singapore Hot Stocks-CapitaLand down on China slowdown concerns

SINGAPORE, June 13 (Reuters) - Shares of Singapore's CapitaLand , Southeast Asia's largest property developer, fell as much as 3.7 percent on Monday on fears about the economic slowdown in China, where it has around 45 percent of its assets, analysts and traders said.

At 0316 GMT, CapitaLand shares were trading at S$2.85 on a volume of 11.2 million shares.

China posted a smaller-than-expected trade surplus of $13.1 billion in May because of soaring imports and weaker growth of global demand. Chinese banks also extended fewer new loans than expected in the month. [ID:nL3E7HA0B2][ID:nL3E7HD057]

"Among all the developers listed in Singapore, CapitaLand is one of the most leveraged in China as 45 percent of its assets are in China," said Donald Chua, an analyst at CIMB Research.

However, Chua said CapitaLand's portfolio in China also includes commercial, retail and hospitality assets, which are more resilient than the residential segment.

"If there's a bounce in the general market direction, CapitaLand would see a much stronger bounce than the rest of the listed peers because the stock has underperformed the sector," he added.

Sentiment for Singapore-listed property stocks has also been hit after the Singapore government said last week it will release more land for private housing in the second half of this year to meet strong demand. [ID:nL3E7H919T]

"China seems to be slowing down and in Singapore there are also concerns about more supply, so CapitaLand is affected by both sides," said a local trader.

Source: Reuters

[winston]

This was the news release in Jan 2007 ...

CapitaLand signs Share Purchase Agreement for a prime integrated leisure and entertainment development project in Macau

Singapore, 9 January 2007 – CapitaLand Limited (CapitaLand) has signed a Share Purchase Agreement with eSun Holdings Limited, one of Asia’s leading media and entertainment companies and an associate company of Lai Sun Development, a leading hotel and property developer.

The Agreement effectively gives CapitaLand a 20% strategic interest in a prime integrated leisure and entertainment development project in Macau to be named Macao Studio City. This will be CapitaLand’s first investment in Macau.

The remaining interests in the project will be held by eSun Holdings (40%) and by New Cotai, LLC (40%). The latter is a consortium of US-based investors including David Friedman, a veteran resort and gaming developer who will be the co-Chairman and co-Chief Executive Officer of Macao Studio City; and the private US-based investment firms, Silver Point Capital, L.P, and Oaktree Capital Management, LLC.

The share acquisition cost for CapitaLand’s 20% effective interest is HK$658 million (S$132 million), based on the current approved plot ratio. Application to further increase the plot ratio for the development is currently in progress and the total share acquisition cost will be adjusted to reflect such increase subject to a maximum share acquisition cost of HK$1.118 billion (S$240 million).

http://www.capitalandilec.com/newsfile/ ... 9Jan07.pdf

Not vested

CapitaLand said it has sold its 20 percent stake in Macao Studio City to its joint venture partner eSun Holdings for about S$104.5 million.

Source: Reuters

[iam802]

lose $$...is it?

[winston]

Not vested

Singapore Hot Stocks-CapitaLand up as broker sees stable China property mkt H2

SINGAPORE, July 8 (Reuters) - Shares of Singapore property developer CapitaLand rose as much as 3.7 percent on Friday on views that the stock is undervalued amid a stabilising policy environment in China.

At 0318 GMT, CapitaLand shares were up 3.4 percent at S$3.05 on a volume of 15.5 million shares, around 1.1 time the average daily volume so far this year.

Deutsche said in a report that the overhang from policy uncertainty in China has partly contributed to the recent underperformance of the larger Singapore property developers, particularly CapitaLand and Keppel Land .

The net asset value discount for CapitaLand has widened to 38 percent, the bank noted.

With signs of falling average selling prices and land prices as well as greater strains to the financial positions of local governments, the likelihood of new government measures has eased and the policy environment is likely to be more stable in the second half, Deutsche said.

The bank added that while China residential sales for CapitaLand had decelerated sharply in the first quarter, launch activity is expected to pick up in the second half. It has a buy rating and a target price of S$4.22 on CapitaLand stock.

Source: Reuters

[winston]

Not vested

CapitaLand may be in focus after announcing its second quarter net profit, excluding revaluations and impairments, rose 27 percent, helped by higher revenue from development projects in Singapore and China. [


Source: Reuters

[winston]

not vested

Singapore Hot Stocks-CapitaLand jumps after share buyback

SINGAPORE, Sept 7 (Reuters) - Shares of CapitaLand , Southeast Asia's largest property developer, rose as much as 4.1 percent on Wednesday after it made its first-ever share buyback.

At 0116 GMT, CapitaLand shares were traded at S$2.56 with over 2.8 million shares changing hands.

CapitaLand said on Tuesday it had bought 1.5 million of its shares for between S$2.42 and S$2.45, representing 0.035 percent of its issued share capital. [ID:nSN9640800]

"Despite the relatively small buyback, we view the move to be positive and reflective of management's confidence in its business model and current stock valuation," Citigroup said in a report.

The brokerage, which has a buy rating and target price of S$3.53 on CapitaLand, said the shares were trading at an over 40 percent discount to restated net asset value.

Source: Reuters

[tonylim]

CapitaLand net profit down 82.6% to S$80.22m

By CARINE LEE From Business Times

CapitaLand Limited on Friday reported a 82.6 per cent year-on-year drop in net profit to $80.22 million from $460.92 million for the third quarter ended Sept 30, 2011.


Earnings per share for the quarter was 1.9 cents, down from 10.7 a year ago. For the nine months ended, earnings per share was 13.6, down from 19.5 cents for the nine months ended Sept 30, 2010.

Revenue was down 58 per cent to $608.57 million from $1.45 billion.

The decrease in 3Q 2011's group revenue was primarily due to the exceptionally strong revenue in 3Q 2010 as the revenue of units sold under the deferred payment scheme from two projects, which accounted for $818.6 million, were recognised in the same quarter.

For the nine months ended Sept 30, 2011, net profit was down 30 per cent to $580.72 million from $829.64 billion, on the back of a 21 per cent dip in revenues to $1.96 billion from $2.48 billion a year ago.

( not vested )

[iam802]

From 2009 peak till now, almost 50% down.

Fairy tail story of Capitaland is gone.

Current chart says, short with target price of $1.7

[winston]

not vested

DJ CapitaLand Execs Play Down China Property Correction Threat

SHANGHAI (Dow Jones)--Executives at Singapore developer CapitaLand Ltd. (CLLDY, C31.SG) on Sunday played down the undergoing correction in China's property market, saying that a hard landing is unlikely.

CapitaLand's own residential property sales in China have remained steady, and banks continue to fund the company's operations in China, CapitaLand chief operating officer Lim Ming Yan said at a press briefing.

Meanwhile, CapitaLand China Chief Executive Jason Leow said he doesn't expect a major decline in residential property prices in major city centers such as Shanghai, though there could be a more substantial price correction in the "outskirts."

"Some residential projects in China may have been mispriced," he said, not referring specifically to CapitaLand projects.

In fact, the company plans to "marginally" raise prices on some of its projects this year, Leow added.

Leow said he doesn't expect buyer defaults in the current environment, and the company isn't planning to slow its housing starts next year.

CapitaLand China has a S$10.1 billion ($7.86 billion) portfolio in China, 41% of which is in the residential sector. The remainder is invested in projects such as malls and offices.

Lim said the company is considering launching new private-equity funds aimed at China or Singapore, but didn't elaborate further.

Source: Dow Jones Newswires