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Capitaland
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Qanghoo
Supreme |
17-Nov-2016 13:47
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So looks like UOL, according to the research, has widest gap up potential? But looks like all lembek cos chng kays now playing o the theme of interest-rate hike fears.
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investshare
Supreme |
17-Nov-2016 12:23
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Looks like All Capitaland biz units are doing well.
TOP STORIES Hot Stocks 3 developer stocks to snap up as Singapore property sales awaken By Michelle Zhu / theedgemarkets.com.sg | November 17, 2016 : 11:23 AM MYT Printer-friendly versionSend by emailPDF version Translated by Google Translator: Select Language ▼ SINGAPORE (Nov 17): DBS Group Research is maintaining its view that the Singapore property market remains on a ?modest correction path? while highlighting that developers trading at 0.75x P/NAV still remain attractive. The research house?s top ?buy? picks are City Developments Limited (CDL), CapitaLand and UOL Group at target prices of $9.90, $7.20 and $3.60 respectively. |
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Just4win
Supreme |
16-Nov-2016 15:04
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Article from Lim & Tan :- CapitaLand ($3.00, unchanged)&rsquo s wholly owned serviced residence
business unit, The Asco Limited (Asco ), has achieved record breaking
growth this year by securing more than 10,000 apartment units in 51
proper es, bringing the company&rsquo s por olio to more than 52,000 units
globally. Asco &rsquo s latest addi ons are 10 new management contracts in
Hanoi and Halong City in Vietnam Phnom Penh, Cambodia Bangkok,
Thailand Metro Manila and Cebu in the Philippines. This comes hot on
the heels of Asco &rsquo s opening of Metropole Bangkok, Asia&rsquo s fi rst unique
luxury serviced residence under The Crest Collec on.
Of the 10,000 units secured this year, half are new contracts in Southeast
Asia. Vietnam is one of its best performing countries and largest market
in Southeast Asia with the most number of proper es as the company
seeks to achieve 7,000 units by 2020. Cambodia presents huge untapped
poten al for Asco and Thailand is a popular des na on for travellers.
Demand for serviced residences is set to rise in the Philippines as recent
investments in infrastructure and services underpin its economic growth.
With growing urbanisa on and industrialisa on, the region will con nue
to play a key role in Asco &rsquo s expansion strategy as it seeks to increase its
penetra on in er-two and regional ci es in Southeast Asia.
The 10 new proper es secured are slated to open between 2018 and
2023. A fi rst in Halong City, Citadines Marina Halong, will open in 2020
while Pentstudio in Hanoi will receive guests from 2018. Somerset
Meridian Square Phnom Penh and The Park at EM District in Bangkok are
both scheduled to open in 2019. In the Philippines, Citadines Manila Bay
will open in 2018 while Somerset Valero Maka is set to be opera onal
in 2020. Three proper es &ndash Somerset Place Salcedo, Somerset Gorordo
Cebu and Citadines Greenhills Manila &ndash are expected to open in 2021
and Citadines Benavidez Maka will be opera onal in 2023. In addi on
to Metropole in Bangkok, Asco &rsquo s three other serviced residences under
The Crest Collec on are located in Paris, France. La Clef Louvre and La
Clef Tour Eiff el are opera onal while La Clef Champs-É lysé es is slated to
open in 2018.
With these latest addi ons, Asco has currently over 52,000 units in
its por olio. It secured a record over 10,000 units in 2016, making this
Asco &rsquo s highest increase in inventory count in a single year. Of these new
units, 90% are located in gateway ci es across the Asia Paci
fi c and the
Middle East, including countries such as China, India, Indonesia, Japan,
Malaysia, Singapore, Vietnam and Saudi Arabia. This year, Asco has also
opened 20 proper es with more than 3,700 units, its fastest pace ever. As
more of the newly signed proper es come into opera on, the company
expects a further boost to Asco &rsquo s management fee income.
Looking ahead, Asco is ac vely looking to expand through strategic
alliances, management contracts, franchises, and also to seize acquisi on
opportuni es. Seeking partnerships with new economy leaders will also
be central to Asco &rsquo s growth as it marches towards its global target
of 80,000 units by 2020. Such partnerships have given the company
signifi cant fi rst-mover advantage to establish a strong presence online to
complement its offl ine exper se in managing proper es. For instance,
the sales on Singles&rsquo Day through its partnership with Fliggy (Alitrip) went
up six mes last Friday, its highest number of room nights booked online
in a single day in China.
We like CapitaLand for its large diversifi ed por olio of assets (majority or
76% of total assets contribute to recurring income while the remaining
24% to trading income), underpinned by robust balance sheet with net
gearing at 0.47x. Maintain Buy as valua on remains undemanding at
0.75x P/B, supported by decent yield of about 3%
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Just4win
Supreme |
16-Nov-2016 14:24
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Thanks very much, Investshare, for your valuable sharings. OK, holding on to this counter. Hope to see my position turns green soon. LOL
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investshare
Supreme |
16-Nov-2016 13:59
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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. 
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.
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investshare
Supreme |
16-Nov-2016 13:37
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Be patient, for DBS i waited for months...
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InvestorB
Member |
16-Nov-2016 13:23
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very slow movement these days |
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investshare
Supreme |
16-Nov-2016 10:33
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Fund management is different league. Normally it is almost sure to profit, because you charge management fee, performance bonus, deal making commissions, etc.
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anthonykwong
Supreme |
15-Nov-2016 16:03
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possible. China sovereign funds like conglomerate like capitaland
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DeepBlue
Veteran |
15-Nov-2016 16:01
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M&A? | ||||
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Just4win
Supreme |
15-Nov-2016 15:23
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Sorry, any implication ?
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investshare
Supreme |
15-Nov-2016 14:45
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Do note that they have fund management service. This is similar to ARA. |
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dc16888
Master |
13-Nov-2016 11:51
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cfo leaving |
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alexchew
Master |
11-Nov-2016 17:24
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not much movements. seems like in range |
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InvestorB
Member |
11-Nov-2016 17:17
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any hope for this share? |
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InvestorB
Member |
11-Nov-2016 15:26
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profit up but price not up
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waters
Senior |
11-Nov-2016 15:10
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CapitaLand posts 28% rise in 3Q earnings to $247.5 mil on better operating performanceBy:
PC Lee
 SINGAPORE (Nov 9): Property group CapitaLand reported a 28.4% rise in 3Q earnings to $247.5 million from a year ago on better operating performance. Operating PATMI grew 54.5% to $251.8 million due to higher contributions from the group&rsquo s residential businesses in Singapore and China, commercial portfolio in Singapore, shopping malls in China and Malaysia, as well as newly acquired serviced residences. In the three months to Sept, revenue rose 27.7% to $1.37 billion on the back of higher contributions from development projects in Singapore and China, higher rental income from commercial portfolio in Singapore as well as serviced residence business. The development projects which contributed to higher revenue this quarter include The Nassim and Cairnhill Nine in Singapore, Riverfront in Hangzhou, New Horizon in Shanghai and Vermont Hills in Beijing. Collectively, the two core markets of Singapore and China accounted for 82.9% of the group&rsquo s revenue. For the nine months ended Sept, earnings came in at $759.8 million. CapitaLand also sold more than 10,000 units of residential sales in Singapore, China and Vietnam. In its outlook, CapitaLand expects the property cooling measures to continue to weigh on the Singapore residential market while office occupancy and rental remains muted. It local portfolio of malls is expected to continue to provide stable recurring income as they are well-supported by their connections to the public transportation networks. In China, the group expects the recent cooling measures implemented by the government to have some impact on residential sales. Shares of CapitaLand closed 3 cents higher at $3.03. |
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Just4win
Supreme |
11-Nov-2016 15:09
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This babe is too fat to move arh? Not much action in these days, despite market is so volatile |
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waters
Senior |
10-Nov-2016 19:42
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UOB Kay Hian (" UOB KH" ) have a $4.05 price target f Analyst report from UOB KH released today > > https://research.uobkayhian.com/content_download.jsp?id=37054& h=44d37f9019983d92ead37f855133415b CapitaLand (CAPL SP) 3Q16: Results Boosted By Contributions From Development Property 3Q16 results were in line with expectations. Overall operating net profit grew 55% yoy, boosted by contributions from Singapore and China residential projects Despite headwinds in Singapore and China, the group plans to retain focus on these core markets and the growth markets of Vietnam and Indonesia, as well as the serviced residence global platform. Maintain BUY and target price of S$4.05, pegged at a 20% discount to our RNAV of S$5.06/share. |
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InvestorB
Member |
09-Nov-2016 16:52
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price being forcefully pressed down? |
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