Post Reply
1-13 of 13
Well 2.98 already
interesting. Everyone begins to lock in profits. Retreating to Fri close of $2.85?
The
conservative estimate will be at least -20% Earnings for the 4th
quarter. Many analysts had expected a fall by as much as 50% rental for
the 4th quarter.
Capitaland profit will most likely fell by between 60% - 80% for FY 2008. And also the hugh write offs (revaluation losses) which will surface soon.
Capitaland profit will most likely fell by between 60% - 80% for FY 2008. And also the hugh write offs (revaluation losses) which will surface soon.
andy247 ( Date: 03-Nov-2008 09:15) Posted:
|
Finally pple see theres no earnings support for this stock at least for the next 3 months. And theres still room for it to fall below $2. Imagine the office rent raised from $4+ to $11+ psf. And the reversal will happen soon.
Kinda of strange what fundamentals support the price increase today despite the very week outlook. Aussie
dollar and the property prices of both Australia and China had fallen
so much and will most likely to continue to fall till 2009.
andy247 ( Date: 03-Nov-2008 09:25) Posted:
|
Ha ha morning it follow the crowd, up 18 cts now.
Could be a dead cat rebound, if STI ups this week, paper said.
Cautious loh.
Just 10-Oct-08 it was trading at $2.28. I think it may go below $2
since Singapore and US are already in recession and the sky high office
and retail rental are expected to fall by more than 50%.
Imagine Capitaland properties in China only 60-70% sold. And only 8% sold for the pines in Beijing
CapitaLand Commercial EBIT falls by -86.7%
CapitaLand Retail EBIT falls by -45%
CapitaLand Retail EBIT falls by -45%
Singapore EBIT Falls by 56.6% alone from 1717m to 745m.
Imagine they invest 65% of their assets overseas. Eg 28% in China and 22% in Australia.
Expecting a bigger loss for 4th quarter since Aussie dollar had fallen by such a hugh margin (which caused singtel share to fall sharply). And properties in China had fallen by more than 20-30% and are expecting to continue.
Expecting a bigger loss for 4th quarter since Aussie dollar had fallen by such a hugh margin (which caused singtel share to fall sharply). And properties in China had fallen by more than 20-30% and are expecting to continue.
[b]Profit available to shareholders (PATMI) fall by 43.5% year to date! There may be no dividends this year since 4th quarter is expected to be bad as well?[/b]
Capitaland profit falls by 41.3% year to Date! More huge losses expected this year.