CapitaMalls Asia

[winston]

Hi profitaker,

I saw the counter dropped from about 2.35 so I picked some up for a Swing Trade. In addition, one of the Anlaysts mentioned that it's RNAV is about 2.28. It was also trading around the IPO price of 2.12.

After holding it for more than 3 weeks, it did not really go anywhere. As it was supposed to be a short-term Swing Trade, I did not want to hold it anymore.

In addition, I could feel that the market was euphoric and I wanted to have more cash to buy on the eventual dip.

Take care,
Winston

[profittaker]

Thanks Winston.

[winston]

Not vested. From OCBC:-

CapitaMalls Asia Ltd: Focus on deploying balance sheet

Summary: CapitaMalls Asia Ltd (CMA) has focused on progressively deploying its strong balance sheet. It has already substantially delivered on its S$800m to S$1b 2H10 investment target with two major endeavors in Singapore (the Bedok site) and China (a 66% effective stake in a prime shopping mall and office development in Shanghai).

In Malaysia, CMA recently announced that it will divest the Gurney Plaza extension to its newly listed CapitaMalls Malaysia Trust for MYR 215m (S$89.2m). Further divestments, such as of ION Orchard in Singapore, are also possible in 2011.

We note that with continuing divestments, CMA’s directly owned retail portfolio is fairly immature, but this is partially offset through fee income from its listed REITs.

We continue to like CMA’s retail expertise, Asia exposure, and the upside from the deployment of its balance sheet. Our previous BUY rating and S$2.40 fair value (pegged at parity to RNAV) is UNDER REVIEW. (Meenal Kumar)

[tonylim]

Melting each day.

[LenaHuat]

I will pick this ticker up but not now. It's pre-investment and I have not changed my mind yet.

[Aspellian]

price of $1.86 now. dropped on high vol below previous support level of $1.91. see whether it closed above that level. if not then will have to wait till next rally.

TOL: if China really curbed down hard on inflation, raised interest rates, and China slowdown - global economy will really be affected - worst still for China related stocks - and Spore has quite alot of such stocks... food for tot.

be flexible - dun die die hold on to stocks when market show its ugly face.

[tonylim]

Any idea what is the fair entry price ?

[profittaker]

I am relying on daily macd. So far not able to cross yet and resume downtrend after failling to cross.

[LenaHuat]

Any idea what is the fair entry price ?

IMHO, it's a change in the top mgmt team of the holding company that I want to see, along the lines of DBS (with Peter Seah and Gupta now taking charge). After I have seen the change, I will look at the entry price.

[tonylim]

Sis Lena, You have a point, fully agree.