CapitaLand   

Sentosa IR

TA charts still show an uptrend for Capitaland actually.

Hi iPunter,

Nah... the TA charts are all the "fengshui" that I need...

 

Singaporegal, will you be taking up Fengshui? ... :)

 

CapitaLand Ltd. said on Tuesday it has bought a 20% stake for HK$635 million in Macao Studio City, a prime leisure and entertainment project in Macau.



Macao Studio City sits on a 1.4 million square feet (130,100  sq metres) site which is located near the new Lotus Bridge immigration checkpoint linking the development directly to mainland China through Zhuhai, CapitaLand said in a statement.



CapitaLand lost in both IR bids, so now it bought a stake in Macao Studio City.

 

Sorry... click too fast.



Agree with IreneL! Fengshui cannot be underestimated!

 

Agree

 

Hi tanglinboy

About your example of having $200,000/- to spare.  The joke among  the Malaysians is that they prefer to splurg on foreign-built cars because to them, the Proton cars were built by melting milo, milk, overtime cans.

 

Hi tonersweat

I like your patriotism.  Like you I asked the same question - what's so good about Genting, not because they had already earned millions from Singaporeans going up to the Highlands, but because I really see no merit in their design at all although I am no designer.  I saw Mr Mah Bow Tan revealing the result over Channel News Asia this evening.  I stand corrected, but I though the explainations he gave for Genting being awarded the second IR rather familiar with those given by some of the analysts a few weeks back, ie, Genting's design has an Asian theme, etc...

My thoughts on Genting winning the bid are that, the powers that be at the Genting management consulted feng shui masters.  This was conveyed to me when I went on a Genting Highlands tour with some friends awhile back and we had this tour guide who claimed she is some distant relative of the chairman and blah, blah, blah... So perhaps she may be right about this feng shui thing.  In any case, I shut her up when she went overboard with her criticism about Singapore's immigration laws.

The other contenders did not win, probably because they did not consult feng shui masters!  

 

Genting won the IR bid!

It'll be interesting to see what's going to happen to Capitaland and Genting's share prices on monday.

 

I think the issue is not about supporting local companies. But more of the long term benefit to Singapore regardless of who's running the IR.

For example, if you were rich and had $200,000 to spend on a car and you were a Malaysian, would you spend that amount of money on a local car to support the local car industry or buy a BMW or Merc?   :)

 

what is the rational by giving sentosa IR to genting?  Why so good about Genting?  They had already earned millons of Singporean's monet.   We should support our local company Capitaland and the partner. 

 

Decision on Sentosa IR likely in early December: Mah Bow Tan
By Channel NewsAsia's China Correspondent Tan Bee Leng | Posted: 28 October 2006 2346 hrs

National Development Minister Mah Bow Tan says he expects a decision on the Sentosa integrated resort before Christmas.

Speaking to reporters in China, he says Singapore's two integrated resort projects at Marina Bay and Sentosa are different.

He adds: "They are different bids; I think the two projects are different in several key aspects. I think in terms of the physical specifications, they are different; in terms of the target audience, they are also different. So we can't compare like for like, but in terms of the quality of the bid, I must say that they are all very good bids.

"I think whichever one we choose, Singapore will be the better for it. I believe the decision will be likely ready somewhere around early December or so - before Christmas definitely." - CNA/

---------------

 

That's right

 

I sold at 5.15! Should have waited until now!

 

Get ready to sell! TA signals that the price might drop soon.

 

My opinion that Capitaland already has the Orchard Turn project .... Not surprising that Sentosa IR awarded to Genting to enforce relationship with Malaysia. :P

 

The is market expectation for Capitaland to secure the Sentosa IR; just can't see the govt. giving the contract to Genting

 

Merrill Lynch has lifted its target price to $6.10 from $4.45, saying it is convinced that the developer will sustain robust earnings growth going forward.



"The group continues to execute on its regional growth strategy and is well positioned, in our view, to maintain superior earnings growth," Merrill Lynch said in a note to clients.



Merrill Lynch expects CapitaLand's net profit to rise from an estimated $577 mln this year to $610 mln next year and to $620 mln in 2008. Last year, CapitaLand posted net income of $751 mln, which included significant exceptional gains.

 

It said its unit CapitaLand China Holdings will acquire 29.75% of Henan developer Central China Holdings Group for RMB601 mln, as part of its strategy to penetrate further into China's residential property sector.



The company will have an option to raise its stake further to 43.69%, which will cost another RMB500 mln.



CapitaLand China will make the acquisition through wholly-owned subsidiary CapitaLand LF (Cayman) Holdings.



"We are moving into inner cities (in China)," CapitaLand president Liew Mun Leong said at a media and analyst briefing here, noting that this is the next phase of the group's China expansion.



Central China Holdings, formerly Jian Ye Group, operates in 16 of the 18 cities in Henan province and has a current land bank of 4.5 mln square meters of gross floor area, which is expected to increase to 6.6 mln square meters by the end of the year.



CapitaLand's stake in Central China Holdings is through Joy Ascend (BVI), which owns 100% of Central China Real Estate (China) Co Ltd.



CapitaLand China CEO Lim Ming Yan said that options for funding the acquisition will come from both sales operations and bank borrowings.



"Henan will be our fifth key operational node in China, after Beijing, Shanghai, Guangzhou and Chengdu," Liew said.



Lim said the acquisition provides CapitaLand a platform of expansion into central China.



Revenue from China operations accounted for 16% of CapitaLand's total revenue while China investments took up a 19% share of total assets as of the first half of the year.

 

"butch" is a visionary guy. though JV still goes ahead but will be lost after that. Only ang mohs have pulling/drawing power. 8th Wonder did highlight that Universal Studio stuff is some 28 years old. Marina IR went to a dark horse, will it happen to Sentosa. Said sth dif and 8th Wonder has New York New York, sth sleazy!!!!!

 

Thank you Nostramudus and edichan.. Your comments and advice is appreciated.