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erictkw
    23-Oct-2009 20:46  
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Yup, convincingly closed with new year high and touching double resistance from support turned resistance uptrend line since March and Fibo 38.2%.
 
 
guppy724
    23-Oct-2009 15:49  
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SmileyyahoooooOOOOoooooo.1.12c

guppy724      ( Date: 21-Oct-2009 16:10) Posted:

Good result? Slowly touching 1.07c...then....Smiley

erictkw      ( Date: 20-Oct-2009 15:04) Posted:

Today touched the year high of 1.06. Think their result coming 2morow. Should be expecting good results as buy-ups far exceed sell-downs today. Smiley


 
 
guppy724
    21-Oct-2009 16:10  
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Good result? Slowly touching 1.07c...then....Smiley

erictkw      ( Date: 20-Oct-2009 15:04) Posted:

Today touched the year high of 1.06. Think their result coming 2morow. Should be expecting good results as buy-ups far exceed sell-downs today. Smiley

 

 
erictkw
    21-Oct-2009 09:46  
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CapitaCommercial Trust’s 3Q DPU increases 20% to 1.85 cents

Written by The Edge   
Wednesday, 21 October 2009 08:07

CapitaCommercial Trust (CCT) has announced a distributable income of $52.1 million for the period from 1 July 2009 to 30 September 2009 (3Q 2009). This is a year-on-year increase of 20.8% from 3Q 2008. Distribution per unit (DPU) achieved for 3Q 2009 is 1.85 cents which represents a year-on-year increase of 20.1% from 1.54 cents for 3Q 2008.

CCT says the distributable income and DPU are respectively 16.4% and 15.6% above the forecast as stated in the circular to unitholders dated 9 June 2008, after adjusting for the issued rights units.


The latest DPU translates to a distribution yield of 6.6% based on the closing price of $1.05 per unit on 20 October 2009. There is no distribution payment this quarter as CCT distributes semi-annually.

For the quarter, CCT has successfully signed leases with companies like Servcorp Pte Ltd (serviced office operator), Borouge Pte Ltd (leading plastics solution provider), Exane SNC (financial services company) and Egon Zehnder International Pte Ltd (executive search firm).

In the fourth quarter of 2009, CCT will commence the re-configuration of the basement 1 space in conjunction with CapitaMall Trust. The capital expenditure for this initiative is about $33.2 million with an expected return on investment of 8.0% which will contribute positively to CCT’s income when the works are completed. In addition, there will be connection between the current City Hall MRT station to the new Esplanade MRT station through basement 1 and 2 of Raffles City Singapore. The Esplanade MRT Station is expected to open by third quarter of 2010. With this latest link to the circle line, there will be three train lines bringing shoppers to Raffles City Singapore.

According to recent industry reports, the rate of decline in Singapore office rentals continues to ease. The Singapore government’s advance estimate of Singapore’s third quarter gross domestic product (GDP) shows an increase of 14.9% on a seasonally adjusted quarter-on-quarter annualised basis, and a 0.8% growth on year-on-year terms.
 
 
tthsteve
    21-Oct-2009 09:39  
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DJ MARKET TALK: CapitaCommercial Trust May Rise; 3Q09 DPU +20.1%     
10/21/2009 8:02:00 AM 


0002 GMT [Dow Jones] CapitaCommercial Trust (C61U.SG) may get boost from news of 20.1% on-year rise in 3Q09 DPU on higher net property income, which may help ease concerns over potential rental, occupancy pressure from new supply of office space in Singapore from next year. DPU at S$0.0185 vs S$0.0154 year earlier, with income available for distribution +20.8% at S$52.1 million as office landlord signed on new tenants, renewed leases at higher rents, continued cost-management measures. Overall occupancy at 94%% vs market rate of 91%. While office rents in Singapore down by average of 45% so far this year, CCT expects positive rental reversion for its portfolio for rest of 2009 as its average passing rent still below market rates. Still, with general investor sentiment towards office market remaining cautious - primarily on risks to occupancy, rents as new supply comes on stream - near-term upside for REIT not expected to be huge, although any downside would be supported by hefty discount to NAV, with REIT trading at 0.7X P/B; closed +1.0% at S$1.05 yesterday. Resistance eyed at S$1.10 (last breached in June). (FKH)
 
 
erictkw
    20-Oct-2009 15:04  
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Today touched the year high of 1.06. Think their result coming 2morow. Should be expecting good results as buy-ups far exceed sell-downs today. Smiley
 

 
tedlim_me
    01-Oct-2009 23:13  
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some relation:-

 

Business Times - 01 Oct 2009


Industrial property rents fall for 4th straight quarter

But Q3 drop is smaller than Q2's; gap with office rentals narrows

By KALPANA RASHIWALA

PRIVATE industrial property rents fell for the fourth consecutive quarter in the three months ended September, although the pace of declines eased.

Data from DTZ Research shows that the average gross monthly rental value for first-storey private conventional industrial space fell 2.4 per cent to $2 per square foot in Q3 from $2.05 psf in Q2.

The drop was smaller than the 6.8 per cent slide seen in Q2. Similarly, the average rent for upper-storey space slipped 5.9 per cent to $1.60 psf in the latest quarter, smaller than Q2's 8.1 per cent.

DTZ noted that the rental slide for high-tech industrial properties, which include business park and science park space, also moderated in the third quarter. After a 12.8 per cent drop in Q2, the average monthly rent for such space declined 5.9 per cent to $3.20 psf in Q3.

From their peak in Q3 last year, average monthly rents of first-storey and upper-storey private conventional industrial space have slipped 14.9 per cent and 22 per cent respectively. The average high-tech industrial rental value has lost 28.9 per cent over the same period.

However, office rentals have fallen even more substantially than that and as a result, the gap between high-tech and office rents in suburban locations narrowed significantly in Q3.

Data from DTZ shows that the average monthly high-tech industrial rental value of $3.20 psf in Q3 was just 8.6 per cent lower than the $3.50 psf monthly average rent for offices in Tampines Finance Park.

'Despite the narrower rental gap, many occupiers are unlikely to relocate from high-tech industrial space back to office space. The relative rental stability of high-tech industrial space compared to the volatility in office rents is a consideration for occupiers taking a long-term perspective,' DTZ said.

Chua Chor Hoon, head of South-east Asia Research, said: 'Rents for industrial space are likely to remain weak going into 2010, due to the large incoming supply and weak demand.'

About 27.1 million square foot of private industrial space are in the pipeline, due to be completed by 2013. Of this, an estimated 10.4 million sq ft is expected to enter the market in the current half, including major projects such as Northstar@AMK, The Kendall and DBS Asia Hub.

 
 
 
guppy724
    30-Sep-2009 17:33  
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testing 1.05.....slowly but steady & sturdy up trending. noticed...someone is always buying up with large volume during closing time....

beeper      ( Date: 07-Sep-2009 22:36) Posted:

Today, CCT hit 1.01 before close at 0.985. Starts to > 1.0 mark, watch this stock.

 
 
stockseeker
    25-Sep-2009 13:34  
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Woohoo!!!

CCT at $1.18??? hoe say liao!!!!

I think all Reits will fly along with this baby!!

Anybody can enlighten me if Ascendasreit a good buy??
 
 
erictkw
    25-Sep-2009 11:58  
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DJ MARKET TALK: UBS Raises Target Prices For Singapore REITs
  • 25 September 2009 10:54  

  •  
    

    0253 GMT [Dow Jones] UBS raises target prices for Singapore REITs to reflect lower interest costs, higher retail rents, hotel revenue per available room, adjustments to discount rates. Tips office and hotel REITs to outperform; "we believe that office rents and hotel revenue per available room are poised for a cyclical and structural uptrend over the next 3 years." Says hotel room rates, retail spending to get boost from pick up in tourist arrivals. Adds cost of securing debt has fallen recently for REITs, reduces interest rate assumptions for FY2011-2013. Raises Ascendas REIT (A17U.SG) target to S$2.25 from S$1.78, CapitaCommercial Trust (C61U.SG) target to S$1.18 from S$1.02, Suntec REIT (T82U.SG) target to S$1.18 from S$1.05, Starhill Global (P40U.SG) target to S$0.68 from S$0.58. Also raises CDL Hospitality (J85.SG) target to S$2.08 from S$1.58, Mapletree Logistics (M44U.SG) target to S$1.03 from S$0.87, Frasers Centrepoint (J69U.SG) target to S$1.53 from S$1.28. Maintains Buy rating for all stocks. FTSE ST REIT currently index off 0.5%. (KIG)

     

     
    williamyeo
        21-Sep-2009 01:03  
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    equator2010
        19-Sep-2009 23:42  
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    anyone has any idea what's happening with CapitaComm. Able to break resistance?
     
     
    Alligator
        09-Sep-2009 20:33  
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    One person can have many brokers, by phone or buy online broker

    most important is your CDP share report. When your CDP or CPF have share, then only you sell

    you can use ANY broker, by phone or by online broker and sell CDP / CPF share
     
     
    iloveme
        09-Sep-2009 20:04  
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    hmm alrights.. Im just puzzled cos I would expect the rights shares to be reflected in my trading portfolio as well, but it is not? And yet you mentioned being able to trade them on the trading platform.. How do I go about selling shares that do not exist in my trading platform portfolio?

    Im just worried if I missed out a critical step in my rights application for shares :(

    Thanks so much for your advice though, I will try to find out if I have a broker I can speak to!
     
     
    xingge
        08-Sep-2009 21:55  
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    iloveme

    You can use your trading account to sell the rights shares after you've successfully subscribed/bought the rights shares.  You cannot sell via CDP.  Anyway, it's better if you can ask your broker all these questions - you'll get quicker, clearer answers.  The brokers are very willing to help, from my experience as a newbie trader.  Even if you have a internet trading account, there'll be one broker assigned to you.  Keep your broker's contact number and email handy. :)
     

     
    iloveme
        08-Sep-2009 19:34  
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    Thanks Beeper! :D

    So does that mean I cant use my normal trading account to sell the rights shares? I must sell it via the CDP account?
     
     
    beeper
        07-Sep-2009 23:45  
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    Trading account is trading account, does not reflect your full portfolio. Go to www.cdp.com.sg, you will be able to see all your shares owned.



    iloveme      ( Date: 07-Sep-2009 23:36) Posted:



    Hello! 

     Am very new to investing, but I subscribed to the rights for CCT and received a letter that i received my rights. However, I do not see this reflected in my trading account where the mother shares are? How do I go about verifying that I have indeed received the shares that I paid for, and trade them on the SGX? pls advice, thanks! 

     
     
    iloveme
        07-Sep-2009 23:36  
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    Hello! 

     Am very new to investing, but I subscribed to the rights for CCT and received a letter that i received my rights. However, I do not see this reflected in my trading account where the mother shares are? How do I go about verifying that I have indeed received the shares that I paid for, and trade them on the SGX? pls advice, thanks! 
     
     
    beeper
        07-Sep-2009 22:36  
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    Today, CCT hit 1.01 before close at 0.985. Starts to > 1.0 mark, watch this stock.
     
     
    beeper
        06-Sep-2009 17:30  
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    Histroical highest, $3+

    Current price still < NAV

    Good yield every year

    Good company fundamentals.

    Mother company is CapitaLand.

    What do you guys think, more upside or lowside for this stock. The answer is obvious.
     
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