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1-4 of 4
Maybe Capland drop bc analyst downgrade them to HOLD.
CapitaLand: Hold (OCBC Research, 31 July)
CapLand reported its 2Q09 results and PATMI plunged into the red with a loss of S$156.9m. Net revaluations and impairment charges of S$280.9m were recognized in 2Q09. Excluding fair value losses, PATMI would have increased by 163% QoQ to S$124m. 1H09 core PATMI of S$171m met ~35.2% of our revised FY09 PATMI target of S$485.8m but we remain confident that CapLand will be able to meet our full year expectation in anticipation of a better 2H09 performance. We remain optimistic on CapLand's China operations and have now raised our average selling price assumptions for its China projects by 10%. Our fair value has now been raised to S$3.73, pegging to our RNAV estimate. Current macro-economic environment still warrants some cautiousness and we caution against over-pricing the optimism and prefer to accumulate at more attractive valuations. We maintain our HOLD rating on CapLand and will turn buyers at S$3.20-S$3.30.
dealer0168 ( Date: 31-Jul-2009 16:02) Posted:
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Capland fall alot, not abit.
Its time fr Kepland to catch up.
Peg_li ( Date: 31-Jul-2009 15:53) Posted:
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most of time, these 2 counters up at same time, down at same time.
today kepland accompany capitaland to fall a bit!
they look like twins!