Post Reply
41-58 of 58
What I mean is that those still holding the shares will be entitled to preferential offer.
Exiting means 'quitting'???
Am confused.
Late morning, application thru ATM already closed. Missed the the boat.
I think exiting unit holders is entitle to some preferential offer.
Exiting holder, care to comments... Thanks
That is the problem of buying REITS at higher price or premium
They will sell you out by issuing more shares at approx -$0.15 cents to raise funds
tht's right, thought this REIT just went IPO not so long ago, now raising money again...
This guy is going to go down
They issue new shares at $1.36 ? - will sabo those holding at $1.51
Bad time to raise funds
Other reits could go down as well as they also might consider raising funds
Capitaland owns 20% and Capitalmall owns 20%. I think. The pipeline is from the Capitalretail China Incubator Fund & Development Fund I and II. I thought money has been raised for these funds close to US1 billion dollars. Problem is whether the yield of the potential mall inclusion in the REIT is good enough for yield appreciation.
"The Manager will appropriately identify, evaluate and pursue value-enhancing acquisitions of properties from CapitaRetail China Development Funds I and II, CapitaRetail China Incubator Fund, as well as CapitaLand Retail Limited ("CRTL") and other third party entities.
CRCT has been granted rights of first refusal over properties from CapitaRetail China Development Funds I & II, and CapitaRetail China Incubator Fund established by the Sponsor, CapitaLand Limited. In addition, CRTL has also granted, first to CRCT and then to the CapitaRetail China Incubator Fund, a right of first refusal over future completed retail properties located in China which are identified and targeted for acquisition by CRTL or its subsidiaries. (See "Certain Agreements relating to CapitaRetail China Trust and the Properties - Rights of First Refusal" in the Prospectus of CRCT dated 29 November 2006.)
CRCT will also seek to acquire additional income-producing properties used primarily for retail purposes subject to the regulations as set out in the Property Funds Guidelines and which are in line with CRCT's investment objectives to enhance yields and returns for the Unitholders while improving portfolio diversification."
look at the charts, guys...they were selling since jan 4th at least, if not 31st dec....blatantly called sell after they sold. (-_-")....
careful tho, not done downing yet. may expect a short, sharp tech rebound after bottom is hit. no way of telling what it'd go down too tho; consistent downtrend since oct. renewed downtrend now. careful...
oh no, this is horrible... how much % capitland hold this REITs?
Now, it is the time to do the opposite of what the analysts recommended. When sell, you buy and when buy, you sell. Timing is the reason, when you act it is too late especially at this time of volatility.
I watch with interest reports from UBS and Merril Lynch. The same guys who brought us these mess in the first place.
today dropped another 14 cents
sorry....eyes went blur after these past few days of bear market
FYI both are saying SELL!!!
one says buy and another says sell......better stay on the sideline
DJ MARKET TALK: Merrill Lynch Cuts CapitaRetail China To Sell
2338 GMT [Dow Jones] STOCK CALL: Merrill Lynch downgrades CapitaRetail China Trust (AU8U.SG) to Sell from Buy on disappointing FY07 results, weaker outlook for acquisition growth. Says FY07 net property income of S$46.5 million was 8.3% below IPO forecast due to asset reconfigurations, delays from commencement of leases. Expects net property income to continue to suffer in 1Q08; "we expect operational weakness for a further 3-6 months as asset enhancement works finish at Xinwu and Jinyu Mall and leasing is progressively completed at Qibao Mall." Adds previous assumptions of portfolio growth seem overly optimistic in current market environment, given China 's rising interest rates, tighter controls on property lending, increased cost of equity. Target price not disclosed. Stock closed down 1% at S$1.89 yesterday. (FKH)
DJ MARKET TALK:UBS Cuts CapitaRetail China Trust To Sell From Buy
0103 GMT [Dow Jones] STOCK CALL: UBS downgrades CapitaRetail China Trust (AU8U.SG) to Sell from Buy, cuts target price to S$1.75 from S$3.05; "CRCT has been the only S-REIT for which we assumed multiple future accretive equity raisings - an assumption we no longer believe is prudent given difficulties facing proposed S-REIT equity raisings." Says acquisitions becoming challenging, with market no longer willing to price in option of REIT buying pipeline of over 100 malls owned by parent CapitaLand (C31.SG). Stock flat at S$1.89. (FKH)
CapitaRetail China Trust (CRCT) wants approval from unitholders to keep its main income generator Wangjing Mall for another six months and to raise equity of up to $280 million to help acquire Xizhimen Mall. Both malls are in Beijing. CRCT does not have legal title to Wangjing Mall - only contractual rights to the property. Legal title is still pending formal approval from the Chinese authorities. If this is not obtained within 12 months of CRCT's Dec 8, 2006 listing date, the trust needs the nod from unitholders to retain the mall in its portfolio for another six months. Wangjing Mall, which is almost fully let, is projected to contribute 33.2 per cent of the distribution per unit (DPU) from CRCT's enlarged portfolio, including Xizhimen Mall, for the year ending Dec 31, 2008.