Capitaland Investment 02 (Jun 10 - Dec 24)

[winston]

Not vested

CAPITALAND - CapitaLand, Southeast Asia's largest property developer, said on Thursday some of the operations, investment properties and developments of its Australian unit Australand have been affected by the recent floods in Queensland.

Source: Reuters

[winston]

Not vested

Singapore Hot Stocks-CapitaLand falls to 8-mth low on China rate hike

SINGAPORE, Feb 9 (Reuters) - Shares of Southeast Asia's largest property developer CapitaLand fell as much as 2.8 percent on Wednesday to an eight-month low after China announced a fresh round of interest rate hike late on Tuesday.

At 0254 GMT, CapitaLand were 2.2 percent lower at S$3.50 with over 24 million shares changing hands.

China raised interest rates by 25 basis points late on Tuesday, its second increase in just over six weeks.

[ID:nTOE706030] "CapitaLand's shares were hit today by the rate hike as it has a big exposure to China," said Donald Chua, an analyst at CIMB Research.

City Developments shares were also hit although it has a smaller exposure to China, due to investors' bearish sentiment towards real estate firms.

"Overall, there's a bearish climate in real estate because of concerns that governments in China and Singapore may introduce further policy measures to curb rising prices," Chua added.

CityDev's shares were down 2.7 percent at S$10.90, while Chinese developer Yanlord Land was 0.7 percent lower.

Source: Reuters

[trendlines]

Capitaland reaching trading BUY zone

Capitaland looking interesting around $3.25, for a short-term buy. Target of $3.55. Tight stop at $3.15. Next significant support around $2.90. Considering the HIGH sell volume, I'd wait for a consolidation in the selling first.

[LenaHuat]

I would wait for it to fall far below $3, maybe around $2.50. Sentiments are v negative about this ticker.

[trendlines]

Sentiments are v negative about this ticker.

If that is so, maybe it's a short-term buy signal. LOL

[winston]

Update: CapitaLand Q4 net beats forecasts, one-off gains boost

SINGAPORE - CapitaLand, Southeast Asia's biggest real estate company, reported higher than expected quarterly net profit on Tuesday, although the number was 41 per cent down from a year ago due to smaller one off gains.

The company's results come on the back of concerns that China and Singapore's recent measures to curb rising real estate prices may hurt its sales.

CapitaLand shares fell 1.5 per cent to S$3.31 in early trade, and have lost 9.4 per cent since the start of the year, underperforming the Straits Times Index's 3.7 per cent loss.

However, traders said the share price decline in Tuesday's morning session was in line with weakness in the broader market due to concerns about political risk in Libya and China's tightening policy.

'On the residential side, the sales recognition for their China properties were a little slower although they sold quite a substantial number of units there,' said Donald Chua, an analyst at CIMB Research, of Capitaland's result.

'The main issue going forward is whether they will delay the launches of their Chinese properties given the weaker sentiment there.'

CapitaLand, about 40 per cent owned by Singapore state investor Temasek, said it plans to launch more homes and malls in Singapore and China.

'We target to build 10,000 to 15,000 homes a year over the next three to five years,' Liew Mun Leong, President and CEO of CapitaLand said in a statement.

It also plans to launch 1,700 homes in Singapore and about 4,000 in China, he added.

'In 2011, CapitaMalls Asia targets to invest another S$2 billion in new shopping malls in Singapore, Malaysia and China, to augment our 91 shopping malls in Asia Pacific,' Mr Liew said.

The company said it earned S$522.1 million (US$409.3 million) net profit in the fourth quarter, 41 per cent lower than S$885.7 million a year ago due to smaller one-off gains.

CapitaLand's net profit in the last three months of 2009 were boosted by the near US$2 billion initial public offering of its shopping mall arm CapitaMalls Asia .

However, its profit excluding revaluations and impairments was S$301.6 million, higher than the S$190.9 million average estimate of five analysts polled by Reuters.

CapitaLand said it booked portfolio gains of S$194.2 million in the fourth quarter from the divestment of its stake in its Chinese property Raffles City Changning and the sale of 28 properties to its serviced residence unit Ascott Residence Trust. -- REUTERS

http://www.businesstimes.com.sg/sub/lat ... 92,00.html?

[LenaHuat]

Mgmt has gone bonkers with its ridiculous bid for a Bishan site

[Chinaman]

wat to do CapLand CEO Liew salary is a ridiculos 11 million per annum, so must generate big project to cover his salary....then play aro the figure to trick share holders lor...all this useless burger how to justify their almost 1 million salary per mth...where got logic.

knn, they are 120 million above 2nd bidder KepLand.

Rough est. their break even price will be $1400 PSF, thi cnfirmed dat their own people the idiot developer from (Temusick grp) are pushing up the ppty prices.

So, cfm higher inflation....ppty bubbles getting bigger...so how? people chase up ppty price , another cooling measure throw in, merry go round...untll burst. when?

[tonylim]

They push up the land price to make their existing stocks look cheap to attract buying interest ?

[kennynah]

wat to do CapLand CEO Liew salary is a ridiculos 11 million per annum, so must generate big project to cover his salary....then play aro the figure to trick share holders lor...all this useless burger how to justify their almost 1 million salary per mth...where got logic.

so, if u are a shareholder... u can vote on his employment or boot him out or lower his salary... theory is like dat lah...