CapitaMalls Asia   

First Day trading open at $2.30

CMA shows more weakness yesterday with closing below 1.80. my guess is it will will have higher tendency to go lower.

 

What matter is all have BUY call for CMA and above $2.... that's at least 10% upside from current price. So, continue to trade/track this one.

 

Just for sharing. below are some reviews/price target for CapMallsAsia from numerous broking houses since beginning of this year. Those target prices are based on 12 months projection. looking at it, it is quite confusing as all the target prices are quite far apart from each other. if you would to buy in based on Macquarie's report, the price closed at 2.01 on that day, you will still in red till today. Infact, the price has never traded above 2.01 since 12-1-2011.

As i'm more on short to medium term trader, i may not appreciate these data as much. again, different people will have different objective and time horizon, so each of us will interpret things differently. Even DBS and OCBC can have different price target with 20% difference although both issued the report at the same day. It can be a win-win for us as i may exit my trade in the next few days with small profit and you may be in profit in longer term when it rebounded later. just my 2 cents. Cheers!

http://pick-the-winning-stock.blogspot.com/ 



Source         / Review Date     /     Target Price     /   Action Call

Macquarie   / 12-1-2011         /         2.24               /         Buy 

Daiwa           / 9-2-2011           /         2.65               /         Buy

iOCBC         / 25-4-2011         /         2.15               /         Buy

DBS             / 25-4-2011       /         2.52               /         Buy 

 

 

Okay, thank you.

stanley888      ( Date: 25-Apr-2011 09:54) Posted: Hello Hulumas, I can be wrong in my view. I have shorted it at 1.85, and have my stop loss at 1.90 set in. If I were wrong, I will cut loss at 1.90.. you will have to evaluate your position. Cheers!! Hulumas      ( Date: 25-Apr-2011 09:47) Posted: Okay, I 'll sell my holding first and recovering back agai

 

Yes managed to stop the price down at $1.78

Any sell down are welcomes........

We are collecting.......Sell now..... please......

 

Fm: DBSVCapitaMalls Asia Limited, Buy S$1.84, Bloomberg: CMA SP  
More of the same
Price Target : S$ 2.51
Analyst: LOCK Mun Yee +65 6398 7972        

·         In line with expectations

·         Operational results continue to improve

·         Maintain Buy with TP $2.51


Results in line. CMA reported a 24% yoy drop in 1Q11 net profit to S$49.1m on a 33% drop in revenue. The lower income was due to the divestment of 3 Malaysian malls to CMMT, sale of Clarke Quay as well as absence of fair value gains, which was partially offset by greater associate contributions from Orchard Residences, ION Orchard and higher contribution from the China private equity funds and CMMT.

Operational performance continued to tick up. Operations-wise, performance continued to improve with Singapore remaining the largest contributor, generating an average 5.9% NPI yield, followed by Malaysia (with about 6.9%) and China, average NPI yield is about 6.1%. Looking ahead, the group expects new acquisitions such as the Queensbay Mall, Gurney Plaza extension, Iluma and opening of 5 malls in China including the Minhang Plaza (95% pre-committed) and Hongkou Plaza (75% pre-leased) in Shanghai to add marginally to bottomline this year. In addition, the group remains on the lookout for new acquisitions, particularly in China, where it plans to double its portfolio to 100 malls in 3-5 years' time. Balance sheet remains under-optimised, with a gross cash hoard of S$1.14b (net cash S$249m).  

Maintain Buy.CMA remains a major player in the retail real estate niche that offers leverage into the pan Asian consumption growth story. Maintain Buy on CMA. The stock is trading at 0.8x P/RNAV vs Hang Lung Properties' 0.95x. CMA offers 36% upside to our TP of S$2.51, based on a 10% premium to RNAV. Key risk to our view lies in a longer than expected operational ramp up of its China malls and slow deployment of its financials for earnings accretive Investments.

 

Hello Hulumas, I can be wrong in my view. I have shorted it at 1.85, and have my stop loss at 1.90 set in. If I were wrong, I will cut loss at 1.90.. you will have to evaluate your position. Cheers!!

Hulumas      ( Date: 25-Apr-2011 09:47) Posted: Okay, I 'll sell my holding first and recovering back again stanley888      ( Date: 24-Apr-2011 16:31) Posted: in my opinion, 1.70 could be the next support, follow by 1.5

 

Okay, I 'll sell my holding first and recovering back again

stanley888      ( Date: 24-Apr-2011 16:31) Posted: in my opinion, 1.70 could be the next support, follow by 1.55 Hulumas      ( Date: 24-Apr-2011 15:50) Posted: Back to around Sgd. 1.5

 

we will buy up......welcome shortist........

 

in my opinion, 1.70 could be the next support, follow by 1.55

Hulumas      ( Date: 24-Apr-2011 15:50) Posted: Back to around Sgd. 1.5 ? stanley888      ( Date: 23-Apr-2011 18:21) Posted:   Personally i'm more bearish on this stock for the short term.   CapMallsAsia - 4/23/3011   - has been restricted by its long term down trend   - MACD bearish cross over   - RSI heading down except the last Thursday See the chart and read more here.  http://pick-the-winning-stock.blogspot.com/2011/04/sgp-capmallsasia-js8.html

 

Back to around Sgd. 1.5 ?

stanley888      ( Date: 23-Apr-2011 18:21) Posted:   Personally i'm more bearish on this stock for the short term.   CapMallsAsia - 4/23/3011   - has been restricted by its long term down trend   - MACD bearish cross over   - RSI heading down except the last Thursday See the chart and read more here.  http://pick-the-winning-stock.blogspot.com/2011/04/sgp-capmallsasia-js8.html

 

 

Personally i'm more bearish on this stock for the short term.

  CapMallsAsia - 4/23/3011

See the chart and read more here. 

http://pick-the-winning-stock.blogspot.com/2011/04/sgp-capmallsasia-js8.html 

 

 

Outlook

Singapore

 Retail demand underpinned by positive macro factors

 GDP growth for 2011 forecasted to be 4.0% to 6.0%

 Forecasted tourist arrivals of 12-13 mil in 2011

 One-North and JCubemaking good progress

  Malaysia

Under The Tenth Malaysia Plan*, the government will allocate the national budget from the year 2011-5 to all economic sectors in the country,

 Annual retail sales growth target of 8.3% during the five year period



  -A comprehensive roadmap prepared by the Economic Planning Unit of the Prime Minister's Department and the Finance Ministry of Malaysia to allocate the national budget from the year 2011-5 to all economic sectors in the country

CHINA

 Robust retail sales growth underpinned by growing disposable income and increasing urbanisation

 China retail sales remain robust with retail sales increasing 15.8% in Jan-Feb 2011 y-o-y

 China credit remains tight, presenting acquisition GDP growth is expected to be 5.3% in 2011 and 5.2% in 2012. *

 

Robust Mall Performances

 NPI growth across key markets Singapore 5.3%, China 34.2% and Malaysia 12.2%

 Key Leading Indicators Continue Upward Trend

 Shopper traffic for Singapore & China grew at 3.7% & 10.3% respectively

 Tenant sales grew 6.6% & 15.3% in Singapore and China respectively

 Strong 1Q Results -Core Business Improvement

 Achieved PATMI of $49.1 mil for 1Q 2011 mainly from increased recurring income from NPI and management fee business

 Moving into High Gear

 MinhangPlaza and HongkouPlaza in Shanghai achieved high leasing commitments prior to openings

 QueensbayMall in Penang acquired for AEI

 CMMT completed Gurney Plaza Extension acquisition

 CMT acquired Ilumafor integration with BugisJunction

 China credit tightening presents acquisition opportunities

 Proposed HK Dual Listing to complement China Strategy

 

I wonder how's ruanlai feeling now..

 

 

By ANGELA TAN

 

CapitaMalls Asia Limited said on Thursday that its net profit for the first quarter ended March 31, 2011 fell 24.2 per cent to S$49.11 million.

 

Revenue was down 32.8 per cent compared to a year ago at S$50.19 million.

The lower revenue was due to the divestment of three malls in Malaysia to CapitaMalls Malaysia Trust (CMMT) and Clarke Quay to CapitaMalls Trust (CMT) in July 2010.

CMA has earlier announced its intention to explore a secondary listing in Hong Kong to complement its growth strategy in China.

ruanlai      ( Date: 21-Apr-2011 15:48) Posted: Robust result reporting on TODAY. Last call before shooting up to $1.90 on Monday..... Watch out..... READY STEADY SHOOTING UP SOON

 

Robust result reporting on TODAY.

Last call before shooting up to $1.90 on Monday.....

Watch out.....

READY STEADY SHOOTING UP SOON

 

Robust result reporting on Monday.

Last call before shooting up to $3.50 on Monday.....

Watch out.....

 

Robust regult reporting on TODAY.

Last call before shooting up to $1.90 on Monday.....

Watch out.....

 

1.83 is still holding. if it never break it today, tomorrow may see more downside, before the long weekend.

stanley888      ( Date: 20-Apr-2011 14:18) Posted: IMHO, CapMallsAsia have broke down 1.83 (support turns resistance) and it is now trading below 1.83 level. Unless it break above 1.83 with convincing volume, it is likely to remain it's downtrend which started since last October http://pick-the-winning-stock.blogspot.com/