| Latest Forum Topics / CapitaLand |
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Capitaland
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lukewong82
Master |
27-Jul-2021 17:29
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Vote FOR all the resolutions..
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hokpin
Supreme |
27-Jul-2021 17:24
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Bro, I am DBS custodian acc. I can choose the options but don' t know the questions. Think should be ' to vote for all resolutions' and not ' To vote against all resolutions' .
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lukewong82
Master |
27-Jul-2021 17:21
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custodian need to call up ur broker and ask them to vote yes on ur behalf
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hokpin
Supreme |
27-Jul-2021 17:13
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Strong buying up after market close! Btw, can some one advise me below? I am holding a custodian acc. I receive a corp action for the upcoming EGM. If I agree for the delist of Capitaland and IPO the CLIM, what should I choose? To vote for all resolutions, right? |
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tguanhoc
Senior |
27-Jul-2021 10:49
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  Ascott Residence Trust Management Limited (Manager of Ascott Real Estate Investment Trust) (Regn No.: 200516209Z) Ascott Business Trust Management Pte. Ltd. (Trustee-Manager of Ascott Business Trust) (Regn No.: 201925299R) 168 Robinson Road #30-01 Capital Tower Singapore 068912 t (65) 6713 2888 www.ascottresidencetrust.com   NEWS RELEASE ASCOTT RESIDENCE TRUST RAISES 1H 2021 DISTRIBUTION PER STAPLED SECURITY BY 95% TO 2.05 CENTS THROUGH ACTIVE PORTFOLIO OPTIMISATION Fourth consecutive quarter of REVPAU recovery in 2Q 2021 Singapore, 27 July 2021 &ndash Ascott Residence Trust (ART) raised its distribution per stapled security (DPS) for 1H 2021 by 95% to 2.05 cents compared to 1H 2020 through active portfolio optimisation. ART achieved S$360 million in net gains from its divestments from 2019 to 2021 to date. The distributable income for 1H 2021 grew 96% year-on-year (y-o-y) to S$63.8 million. The distributable income for 1H 2021 included a one-off partial distribution of divestment gains of S$20 million to share divestment gains with Stapled Securityholders, replace income loss from divested assets and mitigate the impact of COVID-19 on distributions. It also included termination fee income received1 and realised exchange gains. ART&rsquo s portfolio revenue per available unit (REVPAU2) has risen over four consecutive quarters since 2Q 2020, with an increase of 18% from 1Q 2021 to 2Q 2021. For 1H 2021, ART&rsquo s portfolio REVPAU was S$60. On a same-store basis3, the revenue and gross profit for 2Q 2021 were 45% and 56% higher respectively compared to 2Q 2020. Revenue for 1H 2021 decreased by 11% y-o-y to S$185.0 million, mainly attributed to an absence of contributions from six properties4 which were all divested at a premium to book value, and lower revenue from the existing portfolio due to the impact of COVID-19. This was partially offset by the additional contribution of S$3.6 million from Quest Macquarie Park Sydney in Australia which was acquired in February 2020, ART&rsquo s first student accommodation asset, Paloma West Midtown5 in Georgia, United States of America (USA), acquired in February 2021 as well as three rental housing properties6 in Sapporo, Japan that were acquired in June 2021. Gross profit for 1H 2021 was S$82.1 million, about 74% of which were stable income contribution by properties on master leases, properties on management contracts with minimum guaranteed income as well as management contracts of ART&rsquo s rental housing and student accommodation assets. There are no master leases expiring in 2021 and ART&rsquo s portfolio continues to generate profit and positive cashflow. Park Hotel Clarke Quay in Singapore is in the 1 For the termination of the sale of Citadines Xinghai Suzhou and Citadines Zhuankou Wuhan. 2 Portfolio REVPAU refers to the revenue per available unit of properties under management contracts and management contracts with minimum guaranteed income. It excludes master leases, rental housing and student accommodation. 3 Excluding acquisitions and divestments in 2020 and 2021. 4 The six properties are Somerset Liang Court in Singapore, Ascott Guangzhou and Somerset Xu Hui in China, Somerset Azabu East in Japan as well as Citadines City Centre Grenoble and Citadines Didot Montparnasse Paris in France. 5 Formerly Signature West Midtown. 6 The three rental housing properties are City Court Kita 1 jo, Big Palace Minami 5 jo, and Alpha Square Kita 15 jo.       Ascott Residence Trust Management Limited (Manager of Ascott Real Estate Investment Trust) (Regn No.: 200516209Z) Ascott Business Trust Management Pte. Ltd. (Trustee-Manager of Ascott Business Trust) (Regn No.: 201925299R) 168 Robinson Road #30-01 Capital Tower Singapore 068912 t (65) 6713 2888 www.ascottresidencetrust.com process of being repossessed by ART and the managers of ART are assessing options for the operations of the property. A provision of S$5.3 million has been made in 1H 2021 for the outstanding rents and the master lease, expiring in 2023, will subsequently be terminated. Assuming a same-store basis3, gross profit for 1H 2021 was relatively stable due to lower operating costs. portfolio by redeploying divestment proceeds into higher- yielding and long-stay assets to increase stable income and create greater value for our Stapled Securityholders. ART has received about S$580 million in proceeds from the divestment of our six properties at about 2%8 average exit yield. In 1H 2021, our total investments of about S$285 million were at an average EBITDA yield of about 5%.&rdquo &ldquo With about S$140 million remaining in divestment proceeds and a debt headroom of S$1.9 billion, ART has a strong financial capacity to seek investment opportunities in more long-stay lodging assets to deliver sustainable, long-term value to our Stapled Securityholders. ART aims to expand our asset allocation in rental housing and student accommodation properties from about 9% currently to about 15-20% of our total property value in the medium term,&rdquo added Mr Tan. Ms Beh Siew Kim, Chief Executive Officer of ARTML and Ascott Business Trust Management Pte. Ltd. (the Managers of ART) said: &ldquo As governments around the world step up their vaccination programmes amid emerging variants of COVID-19 and start to ease restrictions on international travel, we are cautiously optimistic of the varied pace of recovery across global markets. The initial phase of recovery remains largely driven by the domestic and essential corporate travel segments, and the return of international demand may be more gradual. ART&rsquo s properties in China continued to lead the recovery with higher corporate demand while properties in Europe benefitted from leisure demand brought on by the summer season. The block bookings at our properties in Australia, Singapore and USA, as well as the long stays in Indonesia, Philippines and Vietnam continued to offer stability.&rdquo &ldquo ART&rsquo s expansion of our rental housing and student accommodation portfolios will generate greater stable returns. The three Japan rental housing properties we acquired in June 2021 will immediately contribute stable income, given their long leases of about two years and high occupancy rates. The average EBITDA yield of the three rental housing properties is approximately 4%. Our first student accommodation asset, Paloma West Midtown is 97%9 pre- 7 According to the &lsquo World Economic Outlook&rsquo (April 2021) by the International Monetary Fund, the global economy is projected to grow 6% in 2021, with a stronger performance expected in 2H 2021. 8 Exit yield is computed based on the properties&rsquo EBITDA in the last financial year before they were divested excludes the divestment of Somerset Liang Court Singapore as it is a partial sale of GFA and the exit yield is therefore not meaningful for the purpose of this computation. 9 As of July 2021.   Mr Bob Tan, Chairman of Ascott Residence Trust Management Limited (ARTML) and Ascott Business Trust Management Pte. Ltd. (the Managers of ART) said: &ldquo ART&rsquo s predominantly long- stay properties, geographically diverse portfolio and presence in large domestic markets offer resilience and it is well-placed to benefit as the global economy recovers7. ART has been actively   reconstituting and enhancing our       Ascott Residence Trust Management Limited (Manager of Ascott Real Estate Investment Trust) (Regn No.: 200516209Z) Ascott Business Trust Management Pte. Ltd. (Trustee-Manager of Ascott Business Trust) (Regn No.: 201925299R) 168 Robinson Road #30-01 Capital Tower Singapore 068912 t (65) 6713 2888 www.ascottresidencetrust.com leased for the Fall 2021 semester, in line with pre-pandemic pre-leasing rates. Our second student accommodation asset in South Carolina, USA which we will jointly develop with our sponsor, The Ascott Limited, has a target stabilised EBITDA yield of about 6.2%. It offers an attractive yield on cost and potential development upside,&rdquo added Ms Beh. Rejuvenating ART&rsquo s portfolio to create greater value for Stapled Securityholders ART is rejuvenating its portfolio with four projects in Singapore and the USA undergoing asset enhancement or development. ART&rsquo s maiden development project and coliving property, lyf one-north Singapore, is expected to complete in 4Q 2021. The 324-unit coliving property situated within Singapore&rsquo s research and innovation business hub of one-north has achieved the Green Mark GoldPLUS award by the Building and Construction Authority of Singapore. Development of the new Somerset serviced residence at the Liang Court site in Singapore has commenced and is scheduled to complete in 2H 2025. The new 192-unit Somerset serviced residence will be part of an iconic riverfront integrated development. In the USA, in addition to the construction of its second student accommodation asset, ART&rsquo s US$10 million refurbishment of its Hotel Central Times Square in New York has commenced in April 2021. The rebranded property is expected to launch in 4Q 2021 as voco - an upscale brand under IHG Hotels & Resorts, well-positioned to capture demand from domestic leisure travellers as the market recovers. The 224-room voco Times Square South will provide guests a thoughtful, relaxed and charming experience. Strong financial and cashflow positions ART&rsquo s strong financial and cashflow positions give it the flexibility to invest in quality assets, pare down debt and/or distribute part of the gains from divestments to Stapled Securityholders. ART has a total of approximately S$1.17 billion in cash on-hand and unutilised credit facilities as at 30 June 2021. ART&rsquo s effective borrowing cost remains low at 1.6% per annum. ART&rsquo s gearing of 35.9% as at 30 June 2021 is well below the 50% gearing threshold set by the Monetary Authority of Singapore.     Summary of Results Revenue (S$ million) Gross Profit (S$ million) Distributable Income (S$ million) Distribution Per Stapled Security (DPS) (cents) 185.0 82.1 63.8 (1) 2.05 208.5 (11) 88.6 (7) 32.6 (2) 96 1.05 95       1H 2021     1H 2020     Variance %                       Ascott Residence Trust Management Limited (Manager of Ascott Real Estate Investment Trust) (Regn No.: 200516209Z) Ascott Business Trust Management Pte. Ltd. (Trustee-Manager of Ascott Business Trust) (Regn No.: 201925299R) 168 Robinson Road #30-01 Capital Tower Singapore 068912 t (65) 6713 2888 www.ascottresidencetrust.com       Revenue Per Available Unit (REVPAU) (S$/day) 60 70 (14)     (1) Distributable income for 1H 2021 included: a) a one-off partial distribution of divestment gains of S$20 million to share divestment gains with Stapled Securityholders, replace income loss from divested assets and mitigate the impact of COVID-19 on distributions. b) termination fee income received upon termination of the sale of Citadines Xinghai Suzhou and Citadines Zhuankou Wuhan. c) realised exchange gain on the receipt of the divestment proceeds. d) realised exchange gain arising from the repayment of foreign currency bank loans with the divestment proceeds.   (2) In approximately 15% (S$5.0 million) of its income available for distribution to Stapled Securityholders, as rent negotiations are still on-going and ART may grant further rental deferment and/or waivers to support some tenants through this challenging period. To mitigate the impact of COVID-19 on distributions and to share past divestment gains with Stapled Securityholders, ART had included a S$5.0 million top-up in the 1H 2020 distribution. Distribution and Book Closure Date ART&rsquo s distributions, made on a semi-annual basis, are as follows: view of the uncertainty surrounding the COVID-19 situation, ART had retained     Distribution Distribution Rate Book Closure Date Payment Date For ART&rsquo s 1H 2021 www.ascottresidencetrust.com About Ascott Residence Trust For 1 January 2021 to 30 June 2021 2.045 cents per Stapled Security 4 August 2021 27 August 2021 financial statement and presentation, please visit           Ascott Residence Trust (ART) is the largest hospitality trust in Asia Pacific with an asset value of S$7.3 billion as at 30 June 2021. Having listed on the Singapore Exchange Securities Trading Limited (SGX-ST) since March 2006, ART&rsquo s objective is to invest primarily in income-     Ascott Residence Trust Management Limited (Manager of Ascott Real Estate Investment Trust) (Regn No.: 200516209Z) Ascott Business Trust Management Pte. Ltd. (Trustee-Manager of Ascott Business Trust) (Regn No.: 201925299R) 168 Robinson Road #30-01 Capital Tower Singapore 068912 t (65) 6713 2888 www.ascottresidencetrust.com producing real estate and real estate-related assets which are used or predominantly used as serviced residences, rental housing properties, student accommodation and other hospitality assets in any country in the world. ART is a constituent of the FTSE EPRA Nareit Global Real Estate Index Series (Global Developed Index). ART' s international portfolio comprises 88 properties with more than 16,000 units in 38 cities across 15 countries in Asia Pacific, Europe and the United States of America as at 30 June 2021. ART' s properties are mostly operated under the Ascott The Residence, Somerset, Quest and Citadines brands. They are mainly located in key gateway cities such as Barcelona, Berlin, Brussels, Hanoi, Ho Chi Minh City, Jakarta, Kuala Lumpur, London, Manila, Melbourne, Munich, New York, Paris, Perth, Seoul, Singapore, Sydney and Tokyo. ART is a stapled group comprising Ascott Real Estate Investment Trust (Ascott Reit) and Ascott Business Trust (Ascott BT). ART is managed by Ascott Residence Trust Management Limited (as manager of Ascott Reit) and Ascott Business Trust Management Pte. Ltd. (as trustee-manager of Ascott BT), both of which are wholly owned subsidiaries of Singapore-listed CapitaLand Limited, one of Asia&rsquo s largest diversified real estate groups. Visit www.ascottresidencetrust.com for more information. About CapitaLand Limited CapitaLand Limited (CapitaLand) is one of Asia&rsquo s largest diversified real estate groups. Headquartered and listed in Singapore, it owns and manages a global portfolio worth about S$137.7 billion as at 31 March 2021. CapitaLand&rsquo s portfolio spans across diversified real estate classes which includes commercial, retail business park, industrial and logistics integrated development, urban development as well as lodging and residential. With a presence across more than 240 cities in over 30 countries, the Group focuses on Singapore and China as its core markets, while it continues to expand in markets such as India, Vietnam, Australia, Europe and the USA. CapitaLand has one of the largest real estate investment management businesses globally. It manages six listed real estate investment trusts (REITs) and business trusts as well as over 20 private funds. CapitaLand launched Singapore&rsquo s first REIT in 2002 and today, its stable of REITs and business trusts comprises CapitaLand Integrated Commercial Trust, Ascendas Real Estate Investment Trust, Ascott Residence Trust, CapitaLand China Trust, Ascendas India Trust and CapitaLand Malaysia Mall Trust. CapitaLand places sustainability at the core of what it does. As a responsible real estate company, CapitaLand contributes to the environmental and social well-being of the communities where it operates, as it delivers long-term economic value to its stakeholders. Visit www.capitaland.com for more information.           Ascott Residence Trust Management Limited (Manager of Ascott Real Estate Investment Trust) (Regn No.: 200516209Z) Ascott Business Trust Management Pte. Ltd. (Trustee-Manager of Ascott Business Trust) (Regn No.: 201925299R) 168 Robinson Road #30-01 Capital Tower Singapore 068912 t (65) 6713 2888 www.ascottresidencetrust.com   Important Notice   This release may contain forward-looking statements. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, availability of real estate properties, competition from other developments or companies, shifts in customer demands, shifts in expected levels of occupancy rate, property rental income, charge out collections, changes in operating expenses (including employee wages, benefits and training, property operating expenses), governmental and public policy changes and the continued availability of financing in the amounts and the terms necessary to support future business. You are cautioned not to place undue reliance on these forward-looking statements, which are based on the current view of management regarding future events. No representation or warranty express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this release. Neither Ascott Residence Trust Management Limited and Ascott Business Trust Management Pte. Ltd. (&ldquo Managers&rdquo ) nor any of their affiliates, advisers or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising, whether directly or indirectly, from any use of, reliance on or distribution of this release or its contents or otherwise arising in connection with this release. The past performance of Ascott Residence Trust (&ldquo ART&rdquo ) is not indicative of future performance. The listing of the stapled securities in ART (&ldquo Stapled Securities&rdquo ) on the Singapore Exchange Securities Trading Limited (&ldquo SGX-ST&rdquo ) does not guarantee a liquid market for the Stapled Securities. The value of the Stapled Securities and the income derived from them may fall as well as rise. Stapled Securities are not obligations of, deposits in, or guaranteed by, the Managers or any of their affiliates. An investment in the Stapled Securities is subject to investment risks, including the possible loss of the principal amount invested. Investors have no right to request that the Managers redeem or purchase their Stapled Securities while the Stapled Securities are listed on the SGX-ST. It is intended that holders of Stapled Securities may only deal in their Stapled Securities through trading on the SGX-ST. This release is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for the Stapled Securities. Issued by: Ascott Residence Trust Management Limited Ascott Business Trust Management Pte. Ltd. 168 Robinson Road, #30-01 Capital Tower, Singapore 068912 Tel: (65) 6713 2888 Fax: (65) 6713 2121       Website: http://www.ascottresidencetrust.com For more information, please contact: Analyst Contact Denise Wong Head Investor Relations Tel: (65) 6713 2151 Email: [email protected] Media Contact Joan Tan Vice President Group Communications Tel: (65) 6713 2864 / HP: (65) 9743 9503 Email: [email protected] Ascott Residence Trust Management Limited (Manager of Ascott Real Estate Investment Trust) (Regn No.: 200516209Z) Ascott Business Trust Management Pte. Ltd. (Trustee-Manager of Ascott Business Trust) (Regn No.: 201925299R) 168 Robinson Road #30-01 Capital Tower Singapore 068912 t (65) 6713 2888 www.ascottresidencetrust.com           |
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hokpin
Supreme |
27-Jul-2021 10:44
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Hi, can bros here advise? I am holding a custodian acc. I receive a corp action for the upcoming EGM. If I agree for the delist of Capitaland and IPO the CLIM, what should I choose? To vote for all resolutions, right? |
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tguanhoc
Senior |
27-Jul-2021 07:29
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The retail investors sold off $94.6m of CAPLAND last week.   Goodness gracious to them when the institutional investors were buying them off.   Perhaps the retail investors are too risks adverse and therefore cannot see the precious teak wood for the trees.  | ||||
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tguanhoc
Senior |
26-Jul-2021 21:24
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Look at the strength of Temasek' s Mapletree.   It could well be a very important strategic and valuable asset to CLI.  | ||||
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tguanhoc
Senior |
26-Jul-2021 21:19
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The SGX report has confirmed my assessment.  Going forward, should the retail investors continue to short and sell down the price of CAPLAND shares last week and today, Monday, then it would be the single most dreadful mistake made by retail investors in their lifetime.   The institutional investors will not only laugh to the bank, they will know that the price of CLI on 17 Sep will be controlled by them with negligible or absolutely no effects from the retail investors.  |
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tguanhoc
Senior |
26-Jul-2021 20:54
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Highlight of the Week  by Geoff Howie CapitaLand Led STI Last Week with 5% Gain on S$74M Net Insti Inflow |
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lukewong82
Master |
26-Jul-2021 17:23
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ya agree with u... some retail investors/traders trying to bring down the share price :) I think as what u mentioned, based on tech analysis prediction that the share price will drop to $3.91.  BUT they were wrong many times already becos of  strong institutional buying.. just now was $3.99 then after 4.30pm, and at the ending, HUGE buy up from $4 all the way to $4.20 all " eaten" up. So those retail investors may have offloaded their shares thinking that they can buy back cheaper or some even shorted. BUT all suffered becos they never predict that institutional buying is so strong.  
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tguanhoc
Senior |
26-Jul-2021 17:16
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Judging from the daily trading volume nowadays, it is a fact that the institutional investors, which probably included Temasek and CAPLAND, have been mopping up all the shares from the retail investors, which somehow have been trying to bring down the price especially this morning from $4.00 to $3.94.   The teal reasons are unclear but it may have something to do with the technical analysis consolidation projection of $3.91.   It is obvious, most retail investors do not have deep pockets.   So in order to make incremental profits of a calibrated stock like CAPLAND, the only way is to short and sell down the price of shares.   The strategic institutional investors have very different analysis taking into consideration both fundamentals and some technical guidance.   |
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lukewong82
Master |
26-Jul-2021 16:51
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U predict once again on the 20 July 2021 that share price will drop from $3.8+ to $3.79 BUT share price instead break $4 after that.. Wrong prediction again.. Is this personal attack???
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lukewong82
Master |
26-Jul-2021 16:49
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Proof : U predicted the share price will drop to $3.79 from $3.88 BUT the share price broke thru $4 instead. So ur prediction is WRONG..  So this is personal attack???
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lukewong82
Master |
26-Jul-2021 16:47
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pardon me? personal attack??? when did i attack u? i saying ur prediction is wrong... is wrong right? provided proof.. Tell me where is the personal attaack? Are u attacking my integrity? I am not lying.. proof that ur prediction was wrong
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Adrianinsing
Elite |
26-Jul-2021 16:41
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I have informed the Admin about your personal attack You hide behind a pseudo name and attack genuine people  |
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lukewong82
Master |
26-Jul-2021 16:35
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Wrong prediction and u dare to make another prediction today that it will drop back to $3.91?
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Adrianinsing
Elite |
26-Jul-2021 16:34
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Read my reply below - not commenting on CapitaLand from now 
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lukewong82
Master |
26-Jul-2021 16:31
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Last Tuesday u mentioned it will drop to $3.79 when it was trading at $3.8+ but after that the share price rise to $4+ and now trading at $4.  
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Adrianinsing
Elite |
26-Jul-2021 16:30
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I am here to help - please avoid such comments  In the end we buy and sell at our own risk after considering all factors  I will now cease commenting on CapitaLand   - good luck in your investments 
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