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CapitalMallTrust
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a79991
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27-Aug-2020 15:29
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With your opinion do you think that the merger would go through?
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LeShramp
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27-Aug-2020 14:20
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The market may inherently factor in a discount for risk of the merger not going through just as the offer prices for most General Offers would typically be higher than the trading price, up till the closing of the General Offers. If you' re of the view that the merger is a done deal, then you' re likely better off holding. Having said that, the number of CMT shares given to CCT shareholders may potentially result in odd lots which tend to result in some illiquidity discount. But I don' t reckon the discount would be significant and it would just be for < 100 shares.
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Chappie
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27-Aug-2020 14:11
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Hi Bro,
Thanks for the advises ...
I hold both CCT & CMT since beginning of 2020 ...
Thinking of selling off CCT ... Not sure if it's a good move.
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LeShramp
Member |
27-Aug-2020 14:04
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No decent tech companies would ever thought of listing on SGX. I think that there' s a general view of retail investors based in Singapore not being sophisticated enough to appreciate modern technology companies. It' s the same situation with biomedical/bio-tech counters. Once again, Singapore as a nation (with only 5-6 million residents) is too small for most tech companies which are looking for tech-savvy consumer market with meaningful size. The preferred exchanges for tech companies would still be US and Japan with China gradually rising due to ongoing US-China tension.    The issues, unfortunately, run deeper than just this pandemic. A population which are highly risk averse, a high savings rate in cash/CPF which are not properly allocated into capital markets, small population, lack of an entrepreneurial talent pool with strong engineering background, entrenched mindset/perception that real estate is the best investment, etc. - the list goes on. Can' t blame or fault any specific individual for most of the aforementioned issues.
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uiop1223
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27-Aug-2020 11:48
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Singaporeans are mainly dividends whores and hence, many reits listed here. U all ask for it, why complain? | ||||
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a79991
Veteran |
27-Aug-2020 11:36
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No Tech to support!!! That' s why must remove the existing CEO & replace a new CEO with strong Tech connections so that can bring in more Tech companies to list here... all our ipos were " ikan bills " companies.
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LeShramp
Member |
27-Aug-2020 10:12
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Lol. I don' t think the job scope of the SGX CEO includes raising the share prices of counters trading on SGX. The slower recovery of the SGX counters are reasonably expected given Singapore' s dependent on global trade/foreign talents which significantly overshadows its tiny domestic demand of its tiny population - unlike developed countries (e.g. US, China, Japan etc.) which have a sizeable domestic consumption support. This pandemic does highlight two important lessons from my point of view: (i) The Have-Nots are more likely to be worse off if social policies to ' protect' Singaporeans' interests at the expenses of non-Singaporeans are rolled out as our collective size is too insignificant to support/sustain the pre-pandemic level of GDP (ii) There' s no escaping from the law of natural selection. The Haves can capitalize on this pandemic by buying into capital markets which would have yielded minimally 20-30% in the last 4 months. The Have-Nots can only live off handouts and temporary government fiscal measures. The Haves will stand to benefit first, and the most, when recovery sets. Moreover, there' s no tax on capital gain in Singapore which would further worsen exisitng social issues in the coming years. Anyway, pardon my rant. Too much spare time during WFH to think about such things. Anyway, STI' s recovery will lag the other major indices. Don' t expect a recovery trend like S& P or SHSE.
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Stocky901
Supreme |
27-Aug-2020 09:30
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Haha, for failing to ban shorting?
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a79991
Veteran |
27-Aug-2020 09:07
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STI is the worst performing market still down 20%... Its time to change the Sgx CEO.. | ||||
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CheeryVGoh
Supreme |
26-Aug-2020 16:11
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Chart of the Day: Prime retail rents down 5.4% in Q2 Average prime retail rents in all locations declined in the second quarter. This chart from Knight Frank shows that island-wide prime retail rents fell 5.4% YoY to an average $28.90 per square-foot per month (psf pm) in Q2. Average prime retail rents in all locations declined in the second quarter, as many retailers were unable to cope with the effects of the pandemic and exited the market, despite rental waivers granted by the respective landlords, the report said. This is in line with the government' s retail sales index in June as it fell 25.2% YoY, marking the 17th consecutive MoM decline in the index. Supermarkets and hypermarkets continued to record the largest increase in product sales, with a growth of 41.7% YoY. However, retailers selling discretionary goods witnessed the hardest impact due to the lack of foreign visitors and closure of physical retail stores. |
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a79991
Veteran |
26-Aug-2020 15:38
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This counter used to trade above MCT but now lagging 6-7c behind.... | ||||
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LeShramp
Member |
26-Aug-2020 15:17
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Given that the details (i.e. share and cash offers) of the merger have already been fixed, it' s safe to say that CCT' s share price would have priced it in. CCT' s share price should then mirror the equivalent number of shares in CMT, plus the cash portion. One who is buying into CCT is essentially pay for the cash portion and the value of the CMT shares, to be received. It makes more sense to buy CMT unless there' s an arbitrage/mispricing in the market.
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GreenTrap
Veteran |
26-Aug-2020 14:28
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Should be somewhere September. After merger all CMT | ||||
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Chappie
Member |
26-Aug-2020 13:58
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Hi, Need some advises on CMT & CCT ...  When is the official merger date ?  Which is a better now ... CMT or CCT ?  Thanks ...  |
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a79991
Veteran |
25-Aug-2020 16:35
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Lagging behind MCT....need to push harder | ||||
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tt1010880
Senior |
25-Aug-2020 15:40
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Let?s hope this stay strong
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a79991
Veteran |
25-Aug-2020 13:01
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Your share price used to be higher than MCT so move faster....now MCT is 1.98 already.
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moron101
Supreme |
25-Aug-2020 12:59
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Back to above $2.0 soon. | ||||
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allinalltheway
Member |
25-Aug-2020 12:28
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come on... lead us like a dragon. Let's us follow u fly high and make new record high. U can do it. Sweeee | ||||
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vicloo
Supreme |
25-Aug-2020 12:23
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Yes back to 2.2!
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