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KOH Eco - Time to BIG Push Up !?
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y2jchris
Veteran |
22-Mar 14:54
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kkb dropped for shorties.. its like 3.7 now... everyone looking to close position...
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Starship
Supreme |
22-Mar-2021 15:19
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Goldblade
Senior |
22-Mar-2021 15:00
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asking price currently at 3.65 | ||||
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UncleBobby
Member |
22-Mar-2021 14:57
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I think most shorts will attempt to cover tmr.
The short squeeze will be the Singapore version of game stop 😀 😀 Hoping to see > 4.5 |
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Farmer
Master |
22-Mar-2021 14:55
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Trading should resume tomoro with price of around $2.71 + 0.95? | ||||
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Starship
Supreme |
22-Mar-2021 14:54
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beetlejuice
Master |
22-Mar-2021 14:49
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Should resume trading tmr rite? I am happily vested. | ||||
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Starship
Supreme |
22-Mar-2021 14:41
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CLIM at its inception will be a fully integrated REIM with funds and property management capabilities across multiple asset classes and a spectrum of private and listed funds. The managers of all the listed real estate investment trusts (REITs) and business trusts, as well as selected unlisted funds currently managed by CapitaLand, will be held under CLIM. These funds have a total Fund AUM (&ldquo FUM&rdquo ) of about S$78 billion as of 31 December 2020, having grown at a CAGR of approximately 15% since 2017. CLIM&rsquo s investment management business will be a scalable and global business focused on Fee-related Earnings (FRE) and FUM growth. CapitaLand&rsquo s full stack lodging management business, which encompasses the leading global serviced residence management platform under The Ascott Limited (Ascott), will also become a part of CLIM. The lodging capabilities will provide a distinctive growth engine for FRE as well as proven track record of further expansion into other adjacent long-stay sectors such as multifamily properties. CLIM will hold the stakes in the listed REITs and business trusts9, as well as the managed private funds. CLIM will also have within its investment portfolio over S$10.1 billion2 worth of high-quality, income-generating properties. Most of these properties can be recycled and serve as potential pipeline to grow FUM for CLIM fund vehicles over an expected monetisation period of approximately three years. In addition, the recycling will generate financial resources for further growth. The remaining real estate development-related business and assets under CapitaLand, with a pro forma Net Asset Value (NAV) of about S$6.1 billion10, will be held privately by CLA upon completion of the Scheme. The proposed deal will allow Eligible Shareholders to realise immediate value upside from the development business, which is a segment requiring commitment of capital for longer-term gestation projects. The privatised development arm will continue to support CLIM with its deep development capabilities, by participating and collaborating in the development and/or redevelopment of projects within CLIM and its managed funds. The existing ecosystem is hence preserved for the benefit of the restructured Group. Being part of this ecosystem will enable CLIM to tap on a key pipeline source to augment its FUM growth. Post restructure, the privatised entity will also act as an incubator for potential new businesses. Mr Lee Chee Koon, Group CEO of CapitaLand Group, said: .................. As listed REIMs generally trade at a premium to their NAVs in the capital markets, we are confident that CLIM will be able to drive returns for our shareholders given its scale, capabilities and a strong ecosystem.&rdquo https://www.capitaland.com/international/en/about-capitaland/newsroom/news-releases/international/2021/mar/CL-proposes-restructuring-to-sharpen-business-focus-and-unlock-shareholder-value.html |
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Starship
Supreme |
22-Mar-2021 14:34
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" CLIM, which will be listed on the Singapore Exchange, is expected to be the largest real estate investment manager in Asia with assets under management of about S$115 billion. It will also hold stakes in CapitaLand' s listed real estate investment trusts and business trusts."
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bystander1965
Supreme |
22-Mar-2021 14:33
Yells: "What I say is just my assessment. DYODD" |
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NAV is 2.715. SInce it' s all reits, will it trade like reits with a PB of 1 or more? For property counters, PB has always been around 0.7 or 0.8. But for reits, it can go to over 2. Nearly all big solid reits are trading > 1 today.
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tonylim
Master |
22-Mar-2021 14
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CLIM is estimated to be about $2?
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fwei78
Senior |
22-Mar-2021 14:23
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If the price chiong above $4 I may consider selling, cause don' t want to hold odd lot of CICT later hard to sell | ||||
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look@bright
Elite |
22-Mar-2021 14:04
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Thanks, emmmmm
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Blinky
Member |
22-Mar-2021 13:57
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i think the announcement wrote about 2.7 diluted
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look@bright
Elite |
22-Mar-2021 13:54
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typo error i was refering to CLIM
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weekaykee
Master |
22-Mar-2021 13:51
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Wonder what will be the price of CLIM when it gets listed? $3? There should be no impact on CICT' s price since there are no additional shares being issued but Capitaland reducing its holdings of CICT.
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Starship
Supreme |
22-Mar-2021 13:43
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CapitaLand to separate real estate development and fund management units 22 Mar 2021 12:09PM INGAPORE: CapitaLand on Monday (Mar 22) proposed a consolidation of its investment management platform and the lodging business into an entity called CapitaLand Investment Management (CLIM) as part of a restructuring process. The Singaporean property developer announced the restructuring along with CLA Real Estate Holdings, an indirect fully owned unit of Temasek Holdings, the largest shareholder of CapitaLand. CapitaLand said it would also place its real estate development business under the private ownership of CLA. CLIM, which will be listed on the Singapore Exchange, is expected to be the largest real estate investment manager in Asia with assets under management of about S$115 billion. It will also hold stakes in CapitaLand' s listed real estate investment trusts and business trusts. In 2019, CapitaLand completed an S$11 billion cash-and-stock deal to acquire Temasek' s shares in Ascendas-Singbridge, which owns logistics and industrial assets, in a deal that created Asia' s largest real estate investment manager. https://www.channelnewsasia.com/news/business/capitaland-shares-halted-trading-reits-14462120 |
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look@bright
Elite |
22-Mar-2021 13:41
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what will be the worth of CICT per share? Since only get cash of S$0.951 per share.
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Starship
Supreme |
22-Mar-2021 13:40
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CapitaLand to restructure business, new entity to be listed on SGX shareholders to receive implied consideration of $4.102 per share Mon, Mar 22, 2021 / 11:16 AM GMT+8 CapitaLand, on March 22, has announced a scheme of arrangement with CLA Real Estate Holdings. Through the arrangement, CapitaLand will effect a proposed restructuring of the group&rsquo s business to consolidate its investment management platforms, as well as its lodging business into CapitaLand Investment Management (CLIM), which will be listed on the Singapore Exchange (SGX). The scheme will also place the real estate development business of the group under private ownership to be fully held by CLA through the proposed privatisation of CapitaLand on completion of the scheme. CLIM is expected to be the largest real estate investment manager (REIM) in Asia and the third-largest REIM globally, with assets under management (AUM) of about $115 billion. The amount represents the total value of real estate managed by the CapitaLand Group. The privatised development entity will develop and incubate projects as a key source of pipeline for CLIM. https://www.theedgesingapore.com/news/restructuring/capitaland-restructure-business-new-entity-be-listed-sgx-shareholders-receive |
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look@bright
Elite |
22-Mar-2021 13:38
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For every one share held in CapitaLand, shareholders will receive one CLIM share, between 0.155 and 0.143 unit of CICT and cash of S$0.951. The implied value per share for CapitaLand' s shareholders is S$4.102, based on current share capital or S$3.969 assuming fully diluted share capital. | ||||
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