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1781-1800 of 1965
Still waiting for it to spike downward....
almost 30c profit in 2 days ...better than my day job..;p..
go down somemore!!
i shortin tis bugger later have to buy back..don't compete with mi to buy lei..keke..
Waiting for spike down to buy leh....
Slowly but surely....
20c down today..further downside..
shorties unite.. massacre this bugger..keke
Well, can up a dollar, down a dollar......hmm. i guess so. what is up , must oso come down.
DOWNfall again... After a week of uptrend, you will see DOWN, down dow......
Overstretched liao lah, has been climbing the wall of worry of the past two weeks .... waiting for it to spike downward....
Waiting for it to drop even further....
looks over bought to me...time to short it baby!
CapitaLand
April 4 close: $6.90
KIM ENG RESEARCH, April 4
CAPITACOMMERCIAL Trust (CCT) has been granted a call option to acquire 1 George Street (1GS) from CapitaLand for a consideration of S$1.165b. The deal includes a yield protection to CCT, ensuring an annual net property income of S$49.5m for 5 years, translating to a yield protection of 4.25 per cent.
CapitaLand will recognise gain of $47.1m, taking into account the yield protection and its 30.5 per cent stake in CCT. The sale translates to an average capital value of $2,600 psf for the Grade A office property, lower than the $2,700 psf average paid by CapitaLand when it acquired Eureka Gmbh's 50 per cent stake. But difference is insignificant to valuation and CapitaLand intends to recycle the proceeds into higher yielding investments. CapitaLand maintains exposure to 1GS via its stake in CCT and will gain with the expected positive rent reversions.
CapitaLand will jointly develop 1,400 apartments and commercial and retail space on a 6.7 ha prime site in Ho Chi Minh City's District 2. It will hold a 60 per cent stake in the new development, which is estimated to cost US$500m in total and its first phase is scheduled for launch in 2Q09. This will bring the total number of homes it will develop in Ho Chi Minh City to over 4,200.
We are increasing our discount rate assumption from 7 per cent to 9 per cent to build in a higher equity risk premium, as well as stretching the profit recognition schedules of both Gillman Heights and Farrer Court to 5 years. Consequently, we reduce our FY08 and FY09 profit forecasts by 3 per cent and 8 per cent respectively.
Amid the current market uncertainty, we like CapitaLand's strong balance sheet and its multi-segmented, capital-recycling model. Maintain our BUY recommendation with a target price of $7.89.BUY
April 4 close: $6.90
KIM ENG RESEARCH, April 4
CAPITACOMMERCIAL Trust (CCT) has been granted a call option to acquire 1 George Street (1GS) from CapitaLand for a consideration of S$1.165b. The deal includes a yield protection to CCT, ensuring an annual net property income of S$49.5m for 5 years, translating to a yield protection of 4.25 per cent.
CapitaLand will recognise gain of $47.1m, taking into account the yield protection and its 30.5 per cent stake in CCT. The sale translates to an average capital value of $2,600 psf for the Grade A office property, lower than the $2,700 psf average paid by CapitaLand when it acquired Eureka Gmbh's 50 per cent stake. But difference is insignificant to valuation and CapitaLand intends to recycle the proceeds into higher yielding investments. CapitaLand maintains exposure to 1GS via its stake in CCT and will gain with the expected positive rent reversions.
CapitaLand will jointly develop 1,400 apartments and commercial and retail space on a 6.7 ha prime site in Ho Chi Minh City's District 2. It will hold a 60 per cent stake in the new development, which is estimated to cost US$500m in total and its first phase is scheduled for launch in 2Q09. This will bring the total number of homes it will develop in Ho Chi Minh City to over 4,200.
We are increasing our discount rate assumption from 7 per cent to 9 per cent to build in a higher equity risk premium, as well as stretching the profit recognition schedules of both Gillman Heights and Farrer Court to 5 years. Consequently, we reduce our FY08 and FY09 profit forecasts by 3 per cent and 8 per cent respectively.
Amid the current market uncertainty, we like CapitaLand's strong balance sheet and its multi-segmented, capital-recycling model. Maintain our BUY recommendation with a target price of $7.89.BUY
TA charts look good. Acc/Dist and Chaikin rising
Gut feel, it will reach 8 by end of this mth, if global situation is steady. Likewise for Kepland, though neck to neck. Cheers.
Sure break $7 barrier soon, but like the old saying goes...the higher they go, the harder they fall....hee...hee..
Trade with care.
Happy hunting.
beautiful can Capitaland cheong like SGX also.....
Seems to be at the high end of bolinger band....up some more???
DOJI spotted....be careful....
Moody's Review..Capitacommercial Trust (CCT). CCT's ratings may face a possible downgrading...
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Mar 27 2008 |
MISCELLANEOUS :: NEWS RELEASE : CCT OBTAINS CALL OPTION TO BUY 1 GEORGE STREET FOR S$1.165 BILLION |