
Oops fall into my scan again...seems so like so far, only last week when the price shoot to $6....
Now $5.66 hmmmm...
CapitaLand fell after its unit Australand Property posted a 79% fall in first half net profit and announced a rights issue to raise up to A$557 million.
CapitaLand, which owns 54.2% of Australand, said on Monday it plans to subscribe for its full entitlement of the Australia-based developer's rights issue for a total of A$302 million.
"It is definitely a negative news flow to investors, as the amount subscribed for the issue is quite a big sum. Moreover, investors are also concerned about the impact of poorer earnings of CapitaLand's subsidiaries on its financial results," a dealer said.
Australand said its net profit for the six months ended June 30 2008 was A$25.5 million, down 79% from A$119.6 million in the year-ago period.
So what's the advice....stay clear???
This counter looks somewhat range bound from the charts. No clear direction.
The opportunity will come back again....

Fly away again just when it is reaching my target price....back to the drawing board again...
Today down by 6 cents to $5.54....seems like property sectors has its earning cap for the near future as what Credit Suisse Group AG had stated in BT today "that rising construction costs and an inability to raise prices will erode profits"...
Patient seems to pay off....still waiting....
Blastoff ( Date: 15-Jul-2008 11:27) Posted:
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Correction. 52 weeks low - $5.40 

limhpp ( Date: 15-Jul-2008 11:23) Posted:
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Sure or not?
... All time low is less than a dollar.....1998

Blastoff ( Date: 15-Jul-2008 09:51) Posted:
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Still waiting for it to hit all time low.

Dangerous price to go in now. But you'll never know. Nothing venture nothing gain.
www.investinsgx.com
Spike down today???
U turn today....
Wipe out yesterday's gain entirely and down by 13 cents....testing $5 level pretty soon as Keppeland and broken the $5 support level.....furthermore, sentiments is deteriorating by the day...
Europe market is in the sea of red....Dow down 100 points at the moment....
Waiting for spike down or $5 price level now... not in a hurry as sentiments globally is getting from bad to worse....
Capitaland will try for many support level 5.40 and 5.00. Look promising of droping below the support level..
ok !if it goes $5.10 then its nice to have in your portfolio for handsome return..
Lets wait and watch..
I personally feel that its not a very good time to invest in coming week or so..
So hold your cash tight and see the oil price to go high till $170
Happy Trading!
this guy will go to test 5.10 very soon