CapitaMalls Asia   

First Day trading open at $2.30

Anyone wanna summaries this piece of Good News?

 

good news 

MISCELLANEOUS :: CAPITAMALLS MALAYSIA TRUST (“CMMT”) - (I) PROPOSED ACQUISITION BY AMTRUSTEE BERHAD (“TRUSTEE”), ON BEHALF OF CMMT OF GURNEY PLAZA EXTENSION PROPERTY FOR A PURCHASE CONSIDERATION OF RM215,000,000 (“PROPOSED ACQUISITION”); (II) PROPOSED PLACEMENT OF NEW UNITS IN CMMT (“UNITS”) BY WAY OF BOOKBUILDING, AT A PRICE TO BE DETERMINED LATER, TO RAISE GROSS PROCEEDS OF UP TO RM167.1 MILLION AND ACCEPTANCE OF CMMT INVESTMENT LIMITED’S UNDERTAKING TO SUBSCRIBE FOR SUCH NUMBER OF UNSUBSCRIBED NEW UNITS SUBSEQUENT TO THE CLOSE OF THE BOOKBUILD (“PROPOSED PLACEMENT”); (III) PROPOSED EXEMPTION FOR CMMT INVESTMENT LIMITED FROM THE OBLIGATION TO MAKE A MANDATORY TAKEOVER OFFER ON ALL UNITS IN CMMT NOT ALREADY HELD BY CMMT INVESTMENT LIMITED AFTER THE PROPOSED PLACEMENT (“PROPOSED EXEMPTION”); (IV) PROPOSED PLACEMENT OF NEW UNITS TO CMMT INVESTMENT LIMITED, AT A PRICE TO BE DETERMINED LATER, TO RAISE GROSS PROCEEDS OF UP TO RM69.7 MILLION, WHICH REPRESENTS 41.74% (BEING THE CURRENT UNITHOLDING OF CMMT INVESTMENT LIMITED IN CMMT) OF THE TOTAL GROSS PROCEEDS TO BE RAISED FROM THE PROPOSED PLACEMENT (“PROPOSED PLACEMENT TO CMMT INVESTMENT LIMITED”); (V) PROPOSED AUTHORITY TO ALLOT AND ISSUE NEW UNITS OF UP TO 20% OF THE APPROVED FUND SIZE OF CMMT PURSUANT TO CLAUSE 14.03 OF THE SECURITIES COMMISSION’S GUIDELINES ON REAL ESTATE INVESTMENT TRUSTS (“PROPOSED AUTHORITY”); AND (VI) PROPOSED INCREASE IN THE EXISTING APPROVED FUND SIZE OF CMMT FROM 1,350,000,000 UNITS UP TO A MAXIMUM OF 2,000,000,000 UNITS (“PROPOSED INCREASE IN FUND SIZE”) (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)

 

When the Capital Group reduce its holdings....this one drop ~30cts.

BUT, this time round when Temasek did the same to its stake... this fellow moving up.

What/where's the logic? Anyone??

ozone2002      ( Date: 17-Jan-2011 10:03) Posted: Last Trades Vol BuyVol Mid SellVol 1.914 1 725 0 725 0 1.918 1 440 0 440 0 1.919 1 300 0 300 0   so many married deals today.. something is brewing.. technicals looking good.. good luck!

 

YES PLS CHIONG!!

 

finally broke 1.95... i bot at 1.96 :)

 

1.97!!!!!!!!

CHIONG AH!!!!!!!!

 

Yes, I keep buying!

ozone2002      ( Date: 17-Jan-2011 15:36) Posted: Last Trades Vol BuyVol Mid SellVol 1.914 1 725 0 725 0 1.918 1 440 0 440 0 1.919 1 300 0 300 0 1.920 3 12 12 0 0 1.930 76 969 749 0 220 1.940 349 7,063 1,846 2,300 2,917   2.3 MILLION shares in a married deal!!! looking gd!

 

Last	Trades	Vol	BuyVol	Mid	SellVol
1.914	1	725	0	725	0
1.918	1	440	0	440	0
1.919	1	300	0	300	0
1.920	3	12	12	0	0
1.930	76	969	749	0	220
1.940	349	7,063	1,846	2,300	2,917

 

2.3 MILLION shares in a married deal!!! looking gd!

 

>Sgd. 2.00 is imminent!

ozone2002      ( Date: 17-Jan-2011 14:35) Posted: broke OUT!!! 1.95!!! ozone2002      ( Date: 17-Jan-2011 10:03) Posted: Last Trades Vol BuyVol Mid SellVol 1.914 1 725 0 725 0 1.918 1 440 0 440 0 1.919 1 300 0 300 0   so many married deals today.. something is brewing.. technicals looking good.. good luck!

 

broke OUT!!! 1.95!!!

ozone2002      ( Date: 17-Jan-2011 10:03) Posted: Last Trades Vol BuyVol Mid SellVol 1.914 1 725 0 725 0 1.918 1 440 0 440 0 1.919 1 300 0 300 0   so many married deals today.. something is brewing.. technicals looking good.. good luck!

 

Last	Trades	Vol	BuyVol	Mid	SellVol
1.914	1	725	0	725	0
1.918	1	440	0	440	0
1.919	1	300	0	300	0

 

so many married deals today..

something is brewing..

technicals looking good..

good luck!

 

Nomura recommends BUY with Target Price at $2.21

 Upgrade CMA to BUY; revised price target S$2.21/share

We upgrade our rating on CapitaMalls Asia to BUY on valuations, with a revised price

target of S$2.21/share following recent acquisitions (previously S$2.20/share). While

we view the recent acquisitions as NAV accretive, the accretion, to an extent, is offset

by the adoption of revised Nomura house currency forecasts. The recent correction in

share price appears to us to reflect the market adopting more conservative rental

growth and yield expectations, given increased new supply and rising interest rates,

(with this more conservative stance more aligned to our view). At current levels, we

see a buying opportunity given:

􀁺 the robust outlook for consumption in China and expectations for retail sales to

exceed 20% growth in 2011-12;

􀁺 double-digit same-store sales growth; and

􀁺 CMA’s diversified and quality mall portfolio.

Life Is Great 

 

how then u think is the relationship between CMT and CMA?

Look at Tampines Mall.

CapitalMall Owns Tampines Mall. CapitalmallAsia manages CapitalMall.

There are just lots of crazy shortist on the street.

Either CapitalmallAsia got lots of catching up to do, or CapitalMall is overpriced

joseah      ( Date: 07-Jan-2011 20:49) Posted: What? how true is this? wangwa      ( Date: 07-Jan-2011 16:07) Posted: CMT owns malls. CMA manages CMT. How can manager price (Pay package) less than employee. Completely nuts

 

What? how true is this?

wangwa      ( Date: 07-Jan-2011 16:07) Posted: CMT owns malls. CMA manages CMT. How can manager price (Pay package) less than employee. Completely nuts

 

CMT owns malls. CMA manages CMT.

How can manager price (Pay package) less than employee. Completely nuts

 

Our pivot point stands at 1.84. Our preference: short term rebound. Alternative scenario: the downside breakout of 1.84 would call for 1.77 and1.73.

Comment: the RSI is above its neutrality area at 50. The MACD is negative andabove its signal line. The MACD must break above its zero level to call forfurther upside. Moreover, the share stands below its 20 and 50 day MA(standing respectively at 1.9 and 2).

CapitaMalls Asia is currently tradingnear its 52 week low at 1.83 reached on 17/12/10.

Supports and resistances: 2.09 *2.04 **2 1.89 last 1.86 1.84 **1.77 *

//TRADING CENTRAL is a commentary service specialising in technical analysis.//

 

Well will buy again when it get lower................................ maybe $1.80.

 

Keep buying as much as you could afford!

mazimaz10      ( Date: 06-Jan-2011 21:05) Posted: So wat's the call for this stock? Buy or sell??

 

On the P & L, cost of debt is definitely cheaper than cost of capital financing but any rights issue after a recent IPO may be subject to certain SGX rules.

Company has zero debts and comfortable cash balances, but the bond issue will raise funds for its planned $1B acquisition of more shopping malls. This bond issue creates value and expand its balance sheet. The company would be able to utilise its debt capacity and improve the balance sheet. Eventually the baby has grown to stand on its own to have an identity of its own?

Management is known for ability to build good class shopping malls in prime locations and is part of Singapore corporate culture to build the best and manage the malls with good returns.

Capitaland group next task likely to go for dual listing in key financial centres particularly in China. Lets not rule out Sydney after the successful SGX acquisition of ASX.

(Australia is flushed with funds enriched from high commodity prices economy such that even the banks have to give high deposit rates in order to control inflation. Australian companies should be borrowing to fund oversea business expansions like what the Korean and Japanese have done but this does not seem to be in their culture. Koreans and Japanese tend to look out of their countries and see the world as their market. So with a combined SGX and ASX Singapore companies can eventually tap on Australians capital ?)

In the long term, this is definitely a growth stock.

wangwa      ( Date: 07-Jan-2011 08:01) Posted: Maybe: 1. CMA could have some cash flow problems so they need to raise cash through bonds. This is not really possible as CMA has lots of cash in their liquidity. They know it is not possible to raise cash from rights issue because the share price is so lousy. Some ppl will question why they do not need to use the IPO proceeds raised last year to initiate more projects. Why need to raise funds via bonds? 2. 3. Some ppl like these bonds as Interest payment of 1% per annum for 1-year bonds and 2.15% per annum for 3-year bonds. They may subscribe to bonds, making CMA a cash cow. No effect on CMA, but I believe they need to show how to use the proceeds raised.   Looking at short term, most investors will think (1) is the reason, that's why the share price remain battered even though Capitaland continues to choing. But long term, I believe the current price is v attractive, especially as sister CMT continues to head north and widens the gap between these 2 siblings. But I don;t know when that will happen. Just my thoughts... CMA will become an cash cow giant after raising the money. Good long term investment with lots of growth potential. They might use the proceeds to build the remaining malls to reach 100 malls? Bluevaio      ( Date: 06-Jan-2011 23:13) Posted: Can anyone explain what does this mean? Will it affect the share price

 

CapitaMalls Asia Ltd (the “Guarantor” or “CapitaMalls Asia”) announced that its wholly-owned subsidiary, CapitaMalls Asia Treasury Limited (the “Issuer” or “CapitaMalls Asia Treasury”), is offering for subscription up to S$200 million in principal amount of 1-year bonds and 3-year bonds to the public in Singapore (“Public Offer”). If applicable, some of these bonds could be re-allocated to institutional and other investors. The 1-year bonds carry an interest payment of 1% per annum, payable on 21 January 2012 . The 3-year bonds carry an interest payment of 2.15% per annum, payable annually on 21 January in 2012, 2013 and 2014. Payments under the 1-year bonds and the 3-year bonds will be irrevocably and unconditionally guaranteed by CapitaMalls Asia. The sole bookrunner and lead manager of the offer is DBS Bank Ltd. The Public Offer will start at 9 a.m. on 7 January 2011 and close at 12 noon on 17 January 2011 . Applications are to be made via ATMs of DBS Bank (including POSB), OCBC Bank and UOB Group, and the internet banking website of DBS Bank. An application under the Public Offer is subject to a minimum of S$2,000, with incremental multiples of S$1,000. Investors can apply for either or both of the 1-year bonds and 3-year bonds.