CapitaLand   

CapitaLand: Too early to bottom fish

Sigh,

I'm not going to speculate how much is this bugger going to drop or post useless comments.

Simply said, it's based on historical facts that property stocks will come off faster than REAL property prices and when REAL prop prices do come off, stocks will come off even more. However question is, how low is low, when you tell me a Orchard condo is selling is 400k is really low and when u tell me AMK houses are selling at 200k. So far they are still holding up as sellers are not in a pinch to sell yet though many EXPECT it to come off further, thus pushing both sentiment and demand down the drain as they put off buying in hope that prices will come off. Year 2009 will see more downside in REAL prop prices but current stock prices seems to have over reacted in the short term. So expect to see a rebound followed by more downside next year when REAL prop prices come off when speculative money withdraws,

Anyways enough of my rant, below is what Capitaland posted

CapitaLand refers to the article in today's Business Times 'Write-down could see property stocks slip further' which cited the report issued by Credit Suisse dated 29 September 2008. CapitaLand wishes to clarify that the various estimates for the property write-down in the article and the Credit Suisse report are speculative and premature. Furthermore, the Singapore residential assets represent only about 7% of the total Group's assets as at 30 June 2008.

CapitaLand has a strong balance sheet with S$3.4 billion of cash as at 30 June 2008 and this does not even include recycled capital of S$2.9 billion from the divestment of properties such as 1 George Street and Somerset Orchard in Singapore, the Raffles City projects in China, Capital Tower Beijing and Citibank Menara in Kuala Lumpur, after 30 June 2008. With its strong balance sheet, unlike in 2001, CapitaLand will take advantage of the opportunities now to invest.  

Btw this is a stock trading forum, I hope I will not have to see crap like

Huat ahh, Stock will chiong cause dow chiong 300 points !! or stock will tank on monday to 2.30 cause US is down and property prices are coming off !! 

Pls be more professional if u wanna post here and put up some facts for all to see or at least a rational, don't spew garbage.

 

Yep. But I know it can be tempting for some to want to buy into a counter that has suddenly become "cheap".

Important rules -

Never go long if the counter is in a downtrend. Conversely, never short a counter if it is in an uptrend.

elfinchilde      ( Date: 04-Oct-2008 14:33) Posted: yea, singaporegal. and hehe. can the longterm ppl here now understand why, each time you guys ask, is it time to buy, i kept saying no, since july? meanwhile, rapid scalps are always available tho. timeframes. it's very impt.

 

dun buy capitaland now cos it could drop to $1...this is just the beginning of the end of propery cycle, we should see property drop to pre-sars level by next yr.

 

Is it cheap and good now?...

The bulls and bears continue to argue their point... hehehe...

 

yea, singaporegal.

and hehe. can the longterm ppl here now understand why, each time you guys ask, is it time to buy, i kept saying no, since july?

meanwhile, rapid scalps are always available tho.

timeframes. it's very impt.

 

Not to be missed.  Go long at 2.80

 

 

 

I haven't been monitoring this counter for a while.... OMG... its now $2.94 !! 

The downtrend seems to hold steady.  Worryingly, if you study the volume charts, the downtrend is supported by somewhat gradually increasing daily volumes.

 

Thanks and agree. But smrt and sph is not exciting, yes they giv div but up/down is minimal. 

After looking at Cap's performance today, think need to observe longer..

HLJHLJ      ( Date: 02-Oct-2008 23:23) Posted: I'm not an expert in this but we can learn from history. Look  back the past bears and see how the property counters perform, you'll have the answer. Personally, if you just trade a bit on this for a rebound, no harm but risks can be high. Normally, property will boom in the middle and final phases of  bull, the latter being the strongest. So I would say for investment, not a very good time to go into property. You can try more stable ones with regular business like comfortdelgro, smrt, sph, etc. (my opinion only) bola_no1      ( Date: 02-Oct-2008 23:10) Posted: This counter has dropped a lot now. Looking at the past 3-5 year trends, now is good buy. I am watching this closely these days. Anyone has more indepth studies/advise in this

 

Any panic sell will let this burger go all the way to 2.66 otherwise 2.94 is not easy to break.......cheong lar...

 

Support level seem to be at $2.94.

 

buy when there blood bath. Dont buy now there too much uncertainty.

 

I'm not an expert in this but we can learn from history. Look  back the past bears and see how the property counters perform, you'll have the answer.

Personally, if you just trade a bit on this for a rebound, no harm but risks can be high. Normally, property will boom in the middle and final phases of  bull, the latter being the strongest. So I would say for investment, not a very good time to go into property. You can try more stable ones with regular business like comfortdelgro, smrt, sph, etc. (my opinion only)

bola_no1      ( Date: 02-Oct-2008 23:10) Posted: This counter has dropped a lot now. Looking at the past 3-5 year trends, now is good buy. I am watching this closely these days. Anyone has more indepth studies/advise in this

 

This counter has dropped a lot now. Looking at the past 3-5 year trends, now is good buy. I am watching this closely these days.

Anyone has more indepth studies/advise in this

 

when do i think it's a good time..... when the charts say so.

specifically:

1) finds a steady bottom whereby px below that is consistently rejected.

2) pings off this support at least twice.

3) pings off and goes higher on increasing buy vol.

that's what you gotta look out for.

o/w, as a rapid trading counter, capland's good.

additionally, nd to be careful because at times, there is fight going on in this counter btwn different BBs.

 

Now at the price level I am looking for .....the key ? is to buy or not to buy.....

 

It opened 3.05, trade btw hi of 3.06 & hitting a low of $2.92, B4 it closed off at $3.04. Down 0.02ct

 

Capitaland

3.050

3.040

-0.020ct

-0.7%

Vol:25,059,000

12,000

3.030

3.040

127,000

3.060

2.920

 

When do you think is a good time?

elfinchilde      ( Date: 02-Oct-2008 10:36) Posted: counter still very weak. not yet time to buy if you're lkg for longterm.

 

counter still very weak. not yet time to buy if you're lkg for longterm.

 

Dow rally, as long as tonight it dun somehow tank.. this counter will move up abit.. yuppi

 

Is it possible for admin to

narrow the width of the

words? Quite hard to read

when width is wide. 

Sgx page's width is good.