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1861-1880 of 1965
Come Monday, likely candidate to lau sai. For the last two weeks it went up a credible $1.30 thereabout at the peak.....now closing at $6.30 still up almost 90 centsn to $1.......definitely "fat" meat for shortist to short......
Sentiment is changing for property sectors....
Govt. to raise development charges in March plus lending squeeze really lead to double whammy.....
With weak demand....it lead to combo wham for property sector....
Any comments ......what the near term impact.....credit squeeze creeping into Spore???
Hey...just saw this headline at BT:
Property players sweat over lending squeeze
Powerful Cheong for almost one week with a gain of $1.10 thereabout....
Notice property nlue chips like CityDev and Kep Land also Cheong upward...why such optimism???
For immediate release
27 February 2008
NEWS RELEASE
CapitaLand strengthens Vietnam presence with new business initiatives
Signs strategic partnership for a pipeline of properties and targets a US$300m development fund
Vietnam, 27 February 2008
CapitaLand today signed a Statement of Strategic Intent with its local Vietnamese partner, Nam Thang Long Investment Joint-Stock Company, to form a strategic alliance to seek further business opportunities in Vietnam with a real estate focus. Nam Thang Long Investment Joint-Stock Company will seek and explore potential business opportunities in Vietnam; and together with CapitaLand, develop residential properties and commercial/residential mixed developments.
In addition, CapitaLand will leverage on its real estate and fund management capabilities to set up its first property fund to invest in Vietnam. It intends to take a 30% sponsor stake in the fund. The target fund size is US$300 million (approximately S$426 million). With the benefit of a fund, CapitaLand is well-positioned to invest in the strong pipeline of real estate projects in the country.
CapitaLand has signed a Memorandum of Understanding with Citi Private Bank, one of the world?s largest wealth managers, which serves high net worth individuals, each with more than US$10 million in net worth.
? CapitaLand Limited (?CapitaLand?) today announced that it is strengthening its presence in Vietnam, which is one of its key Asian markets, with a slew of new business initiatives. These include forming a strategic partnership with a local partner to provide a pipeline of properties and setting up a US$300 million development fund to invest in real estate projects in Vietnam.You're welcome.
Yeah to Capitaland! Hope it will continue to increase to above $7.0!!
Hi Winsontkl,
Not sure if you've checked out investor reports by competitors of MS such as LB, GS, ML & JPM because they seem to be telling a different story, atleast from what I gather. Also you might want to find out more on their investment plans in Singapore and China (where the Olympics is).
Anyway I may not be right but you can always read more to gain a more comprehensive view of the company.
From UOBKH is buy....
CapitaLand
(BUY/S$6.18/Target: S$6.90) Page 129M07: Strong results; PATMI up 157%, excluding revaluation gains
Read from BT that Citi has review downward ....but price seems to be on upward thrust????
So to wait????
DJ MARKET TALK: MS Cuts CapitaLand Target To S$5.92 From S$7.16
0107 GMT [Dow Jones] STOCK CALL: Morgan Stanley cuts CapitaLand (C31.SG) target price/NAV to S$5.92 from S$7.16, tipping limited upside potential as stock trades at premium to house's end-2008 NAV. "The decline in NAV reflects our view of a weaker residential market, particularly in Singapore. In addition, global credit tightening conditions are likely to negatively impact the pace of growth of its AUM business, for which we have reduced our assumptions. Despite its geographical and segmental diversification, CapitaLand is not immune to a global slowdown." Notes FY07 net profit of S$2.8 billion on S$2 billion exceptional gain from revaluation surpluses, divestment gains; says stripping out exceptional gains, results 1.6%, 41% below house's expectations at net, operating levels respectively. Keeps at Equal-Weight; says sharp 2H08 global economic recovery could prompt successful residential project launches in Singapore, China, Vietnam; could lead to re-rating. Share up 2.8% at S$6.35. (LES)