logo transparent gif
top_white_spacer
Home Latest Stock Forum Topics MyCorner - Personal Stocks Porfolio Stock Lists Investor Insights Investor Research & Links Dynamic Stock Charting FREE Registration About Us top spacer top spacer
 User Password Auto-Login
Enter Stock
 
righttip
branding

Back
First   < Newer   2841-2860 of 4445   Older>   Last  
Latest Forum Topics / CapitaLand  Post Reply
Capitaland
seanpent
Supreme
02-Dec-2016 08:39     
 
seanpent About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin

if Capitaland fund mgt biz is equally attractive, is there any possibility of a theme-play  together with  Global Logistics ?

investshare      ( Date: 25-Nov-2016 12:44) Posted:

UOBKH analyst believe GLP could be potential takeover due to attractiveness of its fund management biz. Again, the same applies to Capitaland fund management biz.



"This was a key reason for GLP divesting 30.2% of its China assets to Hopu Investment and other investors in 2014. We reckon the scalability of the fund management business could prove compelling to potential investors even after factoring in a takeover premium," it said.

It is estimated that the above mentioned asset monetization could add US$28. 7b fee-generating AUM.

"Using the EV/AUM methodology, we value GLP?s scaled-up AUM of US$68.4b at S$4.25. This suggests an attractive 43% discount even after pricing in a takeover premium of 20% to the last traded price (similar to Keppel Land?s Jan 15 privatisation bid, and more recently ARA Asset Management)," it said.

Just4win      ( Date: 16-Nov-2016 14:24) Posted:



Thanks very much, Investshare, for your valuable sharings.

OK, holding on to this counter. Hope to see my position turns green soon.   LOL


 Useful To Me  Not Useful To Me
seanpent
Supreme
01-Dec-2016 16:29     
 
seanpent About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin

market positive sentiment spill-over effect ..... spending .....

seanpent      ( Date: 01-Dec-2016 16:11) Posted:



Obama buying properties too ..... 9 bedrooms in a wealthy Washington neighbourhood .....

looking forward to a  super rally  in the property stocks in the coming days .....

investshare      ( Date: 25-Nov-2016 12:44) Posted:

UOBKH analyst believe GLP could be potential takeover due to attractiveness of its fund management biz. Again, the same applies to Capitaland fund management biz.



"This was a key reason for GLP divesting 30.2% of its China assets to Hopu Investment and other investors in 2014. We reckon the scalability of the fund management business could prove compelling to potential investors even after factoring in a takeover premium," it said.

It is estimated that the above mentioned asset monetization could add US$28. 7b fee-generating AUM.

"Using the EV/AUM methodology, we value GLP?s scaled-up AUM of US$68.4b at S$4.25. This suggests an attractive 43% discount even after pricing in a takeover premium of 20% to the last traded price (similar to Keppel Land?s Jan 15 privatisation bid, and more recently ARA Asset Management)," it said.
 Useful To Me  Not Useful To Me


seanpent
Supreme
01-Dec-2016 16:11     
 
seanpent About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin

Obama buying properties too ..... 9 bedrooms in a wealthy Washington neighbourhood .....

looking forward to a  super rally  in the property stocks in the coming days .....

investshare      ( Date: 25-Nov-2016 12:44) Posted:

UOBKH analyst believe GLP could be potential takeover due to attractiveness of its fund management biz. Again, the same applies to Capitaland fund management biz.



"This was a key reason for GLP divesting 30.2% of its China assets to Hopu Investment and other investors in 2014. We reckon the scalability of the fund management business could prove compelling to potential investors even after factoring in a takeover premium," it said.

It is estimated that the above mentioned asset monetization could add US$28. 7b fee-generating AUM.

"Using the EV/AUM methodology, we value GLP?s scaled-up AUM of US$68.4b at S$4.25. This suggests an attractive 43% discount even after pricing in a takeover premium of 20% to the last traded price (similar to Keppel Land?s Jan 15 privatisation bid, and more recently ARA Asset Management)," it said.

Just4win      ( Date: 16-Nov-2016 14:24) Posted:



Thanks very much, Investshare, for your valuable sharings.

OK, holding on to this counter. Hope to see my position turns green soon.   LOL


 Useful To Me  Not Useful To Me
seanpent
Supreme
01-Dec-2016 16:02     
 
seanpent About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin

awaiting  a forthcoming  impulsive 3rd  wave ......

seanpent      ( Date: 01-Dec-2016 15:22) Posted:



seems going thru a little profit taking .....

if can hold should be ok .....

seanpent      ( Date: 30-Nov-2016 10:36) Posted:



nice move  ..... GLP next ?


 Useful To Me  Not Useful To Me
seanpent
Supreme
01-Dec-2016 15:22     
 
seanpent About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin

seems going thru a little profit taking .....

if can hold should be ok .....

seanpent      ( Date: 30-Nov-2016 10:36) Posted:



nice move  ..... GLP next ?

seanpent      ( Date: 29-Nov-2016 13:25) Posted:



re-jip level 3.02 ?


 Useful To Me  Not Useful To Me


investshare
Supreme
30-Nov-2016 11:04     
 
investshare About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		Hope yours is green already.

Just4win      ( Date: 16-Nov-2016 14:24) Posted:



Thanks very much, Investshare, for your valuable sharings.

OK, holding on to this counter. Hope to see my position turns green soon.   LOL

investshare      ( Date: 16-Nov-2016 13:59) Posted:



Someone there want to reject ARA privatization offer. He described how unique and good ARA is. And those points apply to Capitaland fund management biz as well. 

http://fifthperson.com/why-we-will-be-rejecting-ara-asset-managements-privatization-offer-of-1-78-per-share/

 

ARA is a one-of-a-kind company listed on the Singapore Exchange. ARA&rsquo s business model is special &ndash the company manages real estate funds, but its revenues and profits  don&rsquo t  follow real estate cycles. ARA&rsquo s income is pegged to property valuation and net property income, which are relatively stable in nature. ARA&rsquo s historical dividends also give us a glimpse of the company&rsquo s resiliency. A remarkable business like this is very hard to come by and we certainly do  not  want to let it go at the wrong price.

ara-dividends

Let me add one more plus point about ARA.

ARA is not your typical fund they do not suffer from redemption issues.

During a market sell-down, a fund manager usually gets a lot of pressure from panicked clients who redeem their shares. This will cause the fund&rsquo s AUM to drop, thus lowering the income for the fund manager. However, this does not apply to ARA. Nearly three-quarters of ARA&rsquo s AUM is based on the property value of public-listed REITs.  Unitholders who panic may offload their REIT shares during a crash thereby causing REIT prices to fall, but the  underlying value  of the REIT&rsquo s properties remain the same. So technically speaking, this doesn&rsquo t reduce ARA&rsquo s AUM.

For ARA&rsquo s private funds, ARA locks up its clients for a period of five to ten years. Should ARA perform well enough by the end of fund&rsquo s term, a new fund will be set up and new/existing clients can again invest their money into this new fund. Remember, this is an industry where people give you money because you can  perform, not because you&rsquo re the cheapest. That&rsquo s the reason why, over the past five years, we see lucrative net profit margins (> 50%) and return on equity (> 15%) for ARA.

Perhaps the company which shares characteristics closest to ARA is Kenedix Group that&rsquo s listed in Japan. Like ARA, Kenedix manages a number of private funds and J-REITs. The company&rsquo s AUM stood at ¥ 1,644 billion as of Dec 2015. At the time of this writing, Kenedix is trading at a market capitalization of ¥ 116 billion. The market is implicitly valuing Kenedix at 7% of its AUM. Should ARA be valued at a similar percentage of AUM like Kenedix,  ARA&rsquo s share price should trade at S$2.10.

You may or may not agree with this single valuation metric. As Mark Twain once said, &ldquo To a man with a hammer, everything looks like a nail.&rdquo But we do have other metrics indicating that ARA deserves a better valuation than the current offer price of S$1.78. Regardless, I think that percentage of AUM still best represents ARA&rsquo s underlying value &mdash and S$1.78 is definitely  not  a price we will consider.

 

 


 Useful To Me  Not Useful To Me
seanpent
Supreme
30-Nov-2016 10:46     
 
seanpent About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin

smiley

Hei123      ( Date: 30-Nov-2016 10:39) Posted:



Yessssss ! I love the move!

seanpent      ( Date: 30-Nov-2016 10:36) Posted:



nice move  ..... GLP next ?


 Useful To Me  Not Useful To Me
Hei123
Senior
30-Nov-2016 10:39     
 
Hei123 About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin

Yessssss ! I love the move!

seanpent      ( Date: 30-Nov-2016 10:36) Posted:



nice move  ..... GLP next ?

seanpent      ( Date: 29-Nov-2016 13:25) Posted:



re-jip level 3.02 ?


 Useful To Me  Not Useful To Me


seanpent
Supreme
30-Nov-2016 10:36     
 
seanpent About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin

nice move  ..... GLP next ?

seanpent      ( Date: 29-Nov-2016 13:25) Posted:



re-jip level 3.02 ?

 Useful To Me  Not Useful To Me
DeepBlue
Veteran
30-Nov-2016 09:07     
 
DeepBlue About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin

Why the Gap up?

 
 Useful To Me  Not Useful To Me
buysellbuysell
Master
29-Nov-2016 22:55     
 
buysellbuysell About Contact  Quote this Post! Style: Flexible   Mood: what
Yells: "someone please sell down low so that others can buy low"
  x 0
  x 0

 Alert Admin

capitaland TP $2.5x, after absorbing CMA profit arm and still the share px like that.... only more down trend forward.. remember , heavy exposure to china this counter and china now have a high debt ratio and many many many many ghost cities... shopping malls are also too many empty ones. think again... i' m not saying this so i can short this counter. this is a blue chip counter.. i mean once was, now...maybe only.
 Useful To Me  Not Useful To Me
seanpent
Supreme
29-Nov-2016 13:25     
 
seanpent About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin

re-jip level 3.02 ?
 Useful To Me  Not Useful To Me


amandayoung
Elite
28-Nov-2016 16:25     
 
amandayoung About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		do you know how many billions of money are poured into China ?

dear Govt, make friends with China, not enemies please.

China is holding our investments as "collateral hostage" if they want to !

worse, the Kra Canal they can just build it!
 Useful To Me  Not Useful To Me
investshare
Supreme
28-Nov-2016 15:56     
 
investshare About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin

but please be careful for property and REIT which will hit by interest rate hike. 

The market is rewarding the winners in advance for those who benefit from rate hike, such as bank.

Next, the market will look for victims, those who   will be hit by rate hike, and punish them hard.

i vested at $3.
 Useful To Me  Not Useful To Me
seanpent
Supreme
28-Nov-2016 15:48     
 
seanpent About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin

yes

investshare      ( Date: 25-Nov-2016 12:44) Posted:

UOBKH analyst believe GLP could be potential takeover due to attractiveness of its fund management biz. Again, the same applies to Capitaland fund management biz.



"This was a key reason for GLP divesting 30.2% of its China assets to Hopu Investment and other investors in 2014. We reckon the scalability of the fund management business could prove compelling to potential investors even after factoring in a takeover premium," it said.

It is estimated that the above mentioned asset monetization could add US$28. 7b fee-generating AUM.

"Using the EV/AUM methodology, we value GLP?s scaled-up AUM of US$68.4b at S$4.25. This suggests an attractive 43% discount even after pricing in a takeover premium of 20% to the last traded price (similar to Keppel Land?s Jan 15 privatisation bid, and more recently ARA Asset Management)," it said.

Just4win      ( Date: 16-Nov-2016 14:24) Posted:



Thanks very much, Investshare, for your valuable sharings.

OK, holding on to this counter. Hope to see my position turns green soon.   LOL


 Useful To Me  Not Useful To Me
investshare
Supreme
28-Nov-2016 13:49     
 
investshare About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin


SINGAPORE: Four more malls in Singapore will adopt a new model of goods delivery system come 2017, according to the Infocomm Media Development Authority (IMDA) on Monday (Nov 28).

The four CapitaLand malls - IMM Building, JCube, Westgate and Bukit Panjang Plaza - will adopt the In-Mall Distribution model next year. This model means an in-mall operator will receive goods at the mall unloading bay, and this model is enabled by technologies such as a dock scheduler and queue management system,  IMDA said  in its press release.
 
 
 


There will also be a change of custody system that will improve current delivery and acceptance processes and reduce congestion of delivery vehicles leading to the unloading bay, it added.

The model of delivery management enables malls to have extended hours of delivery and acceptance operations, and foster greater automation, professionalism and security, the agency said. 

For instance, since the implementation of this model in Tampines Mall in June this year, the process has handled almost 20,000 cartons of good per month, making up almost one third of all cargo transactions taking place within the mall, IMDA said. 

It also noted that delivery truck vehicle parking times have been reduced from an average of 24 minutes to seven minutes. 


- CNA/kk
 Useful To Me  Not Useful To Me
investshare
Supreme
25-Nov-2016 12:44     
 
investshare About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin 		UOBKH analyst believe GLP could be potential takeover due to attractiveness of its fund management biz. Again, the same applies to Capitaland fund management biz.



"This was a key reason for GLP divesting 30.2% of its China assets to Hopu Investment and other investors in 2014. We reckon the scalability of the fund management business could prove compelling to potential investors even after factoring in a takeover premium," it said.

It is estimated that the above mentioned asset monetization could add US$28. 7b fee-generating AUM.

"Using the EV/AUM methodology, we value GLP?s scaled-up AUM of US$68.4b at S$4.25. This suggests an attractive 43% discount even after pricing in a takeover premium of 20% to the last traded price (similar to Keppel Land?s Jan 15 privatisation bid, and more recently ARA Asset Management)," it said.

Just4win      ( Date: 16-Nov-2016 14:24) Posted:



Thanks very much, Investshare, for your valuable sharings.

OK, holding on to this counter. Hope to see my position turns green soon.   LOL

investshare      ( Date: 16-Nov-2016 13:59) Posted:



Someone there want to reject ARA privatization offer. He described how unique and good ARA is. And those points apply to Capitaland fund management biz as well. 

http://fifthperson.com/why-we-will-be-rejecting-ara-asset-managements-privatization-offer-of-1-78-per-share/

 

ARA is a one-of-a-kind company listed on the Singapore Exchange. ARA&rsquo s business model is special &ndash the company manages real estate funds, but its revenues and profits  don&rsquo t  follow real estate cycles. ARA&rsquo s income is pegged to property valuation and net property income, which are relatively stable in nature. ARA&rsquo s historical dividends also give us a glimpse of the company&rsquo s resiliency. A remarkable business like this is very hard to come by and we certainly do  not  want to let it go at the wrong price.

ara-dividends

Let me add one more plus point about ARA.

ARA is not your typical fund they do not suffer from redemption issues.

During a market sell-down, a fund manager usually gets a lot of pressure from panicked clients who redeem their shares. This will cause the fund&rsquo s AUM to drop, thus lowering the income for the fund manager. However, this does not apply to ARA. Nearly three-quarters of ARA&rsquo s AUM is based on the property value of public-listed REITs.  Unitholders who panic may offload their REIT shares during a crash thereby causing REIT prices to fall, but the  underlying value  of the REIT&rsquo s properties remain the same. So technically speaking, this doesn&rsquo t reduce ARA&rsquo s AUM.

For ARA&rsquo s private funds, ARA locks up its clients for a period of five to ten years. Should ARA perform well enough by the end of fund&rsquo s term, a new fund will be set up and new/existing clients can again invest their money into this new fund. Remember, this is an industry where people give you money because you can  perform, not because you&rsquo re the cheapest. That&rsquo s the reason why, over the past five years, we see lucrative net profit margins (> 50%) and return on equity (> 15%) for ARA.

Perhaps the company which shares characteristics closest to ARA is Kenedix Group that&rsquo s listed in Japan. Like ARA, Kenedix manages a number of private funds and J-REITs. The company&rsquo s AUM stood at ¥ 1,644 billion as of Dec 2015. At the time of this writing, Kenedix is trading at a market capitalization of ¥ 116 billion. The market is implicitly valuing Kenedix at 7% of its AUM. Should ARA be valued at a similar percentage of AUM like Kenedix,  ARA&rsquo s share price should trade at S$2.10.

You may or may not agree with this single valuation metric. As Mark Twain once said, &ldquo To a man with a hammer, everything looks like a nail.&rdquo But we do have other metrics indicating that ARA deserves a better valuation than the current offer price of S$1.78. Regardless, I think that percentage of AUM still best represents ARA&rsquo s underlying value &mdash and S$1.78 is definitely  not  a price we will consider.

 

 


 Useful To Me  Not Useful To Me
DeepBlue
Veteran
25-Nov-2016 09:55     
 
DeepBlue About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin

Moving convincingly out of consolidation.

 

Just4win      ( Date: 24-Nov-2016 09:02) Posted:



MB KE has been very hardworking to update their report on this... But seems that the more they publish the updates, the more this counter drops :(

 

*CapitaLand: Serviced residence unit Ascott is targeting 10,000 &ldquo Lyf&rdquo units by 2020. &ldquo Lyf&rdquo is a new brand targeted at millennials, especially entrepreneurs that desire co-living and co-working experience. Management views Singapore and China will remain as core markets with Vietnam as the key growth market. Maybank KE has a Buy call with TP of $4.06

 Useful To Me  Not Useful To Me
Just4win
Supreme
24-Nov-2016 09:02     
 
Just4win About Contact  Quote this Post!  
  x 0
  x 0

 Alert Admin

MB KE has been very hardworking to update their report on this... But seems that the more they publish the updates, the more this counter drops :(

 

*CapitaLand: Serviced residence unit Ascott is targeting 10,000 &ldquo Lyf&rdquo units by 2020. &ldquo Lyf&rdquo is a new brand targeted at millennials, especially entrepreneurs that desire co-living and co-working experience. Management views Singapore and China will remain as core markets with Vietnam as the key growth market. Maybank KE has a Buy call with TP of $4.06
 Useful To Me  Not Useful To Me
kuanyew
Member
17-Nov-2016 19:00     
 
kuanyew About Contact  Quote this Post! Style: Combined   Mood: cool
  x 0
  x 0

 Alert Admin

kissed 2.97 today. will pick this gem up once it dips below 2.7. waiting for better valuation ratios.
 Useful To Me  Not Useful To Me
                                                         First   < Newer   2841-2860 of 4445   Older>   Last  



ShareJunction Version: 27 Nov 2020 ver- All Rights Reserved. Copyright ShareJunction Pte. Ltd. Disclaimer: All prices from are delayed. ShareJunction does not provide you with any financial advice. We are not into the business of providing any investment advice. See our Terms and Conditions and Privacy Policy of using this website. Data is delayed for varying periods of time depending on the exchange, but for at least 15 minutes. Copyright © SIX Financial Information Ltd. and its licensors. All Rights reserved. Further distribution and use by third parties prohibited. SIX Financial Information and its licensors make no warranty for information displayed and accept no liability for data and prices. SIX Financial Information reserves the right to adapt and/or alter this website at any time without prior notice.

Web design by FoundationFlux. Hosted with Signetique Cloud.