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too risky to short this counter..if you dont like it..just dont touch it..
Totally. And it' s green now. Huat!
Silo1234 ( Date: 25-Mar-2021 14:23) Posted:
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Short.... to enjoy...
Uob's target price of $2.42 is still lower than the implied price of $2.59 when CMT merged with CCT to form CICT. Current price is far too low to ignore..
The CICT shares distribution to capitaland shareholders is quite small. So don't think have that impact. Also....Some may not sell too.
TA_Expert ( Date: 25-Mar-2021 12:30) Posted:
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Once Capitland shareholders received free CICT shares, there could be mass selling like what we have seen in SMM.
CICT shareholders are being ripped off by this excrcise. Thanks to TH.
CICT shareholders are being ripped off by this excrcise. Thanks to TH.
nothing changed, not going to sell at all.
UOBKH upgrades CICT to ' buy' with higher target price of S$2.42
UOB Kay Hian (UOBKH) has upgraded its call on CapitaLand Integrated Commercial Trust (CICT) to " buy" from " hold" with a higher target price of S$2.42, compared with S$2.32 previously.
The brokerage has raised its distribution per unit (DPU) forecast by 1 per cent for FY2022 to factor in contributions from 21 Collyer Quay from Q4 FY2021.
In a Wednesday report, analyst Jonathan Koh highlighted CICT as a pure play on the expected recovery of the domestic economy.
Noting that its suburban malls are faring better as at Q4 FY2020, he says he is particularly optimistic that the recovery in retail spending will extend from these malls to those downtown, including Bugis Junction and Funan.
While Mr Koh is expecting the Reit' s office portfolio to register negative rental reversion, he notes that leasing enquiries have picked up recently while demand is also " trickling back" , in his view.
With WeWork planning to go public again, the analyst is also positive on 21 Collyer Quay' s prospects of contributing to the Reit' s earnings from Q4, given that the co-working space provider plans to launch its largest location at the property in the next 9-12 months.
Further, Mr Koh is expecting CICT to focus on asset enhancement initiatives for its retail malls, a move that could bode well for the Reit' s outlook in the medium term.
He thinks Plaza Singapura could be enhanced to " better serve families and kids enjoying attractions in the vicinity" . He also highlighted the possibility of Raffles City being shifted to a more upmarket positioning, with a segment of the mall possibly being devoted to a luxury brand.
" The joint venture between CapitaLand (CICT' s sponsor) and City Developments to redevelop Liang Court will rejuvenate the surrounding area. CICT could enhance Clarke Quay by changing the trade mix to complement Liang Court," he wrote.
Based on Mr Koh' s observations, there appears to be selling pressure on CICT due to concerns that CapitaLand shareholders will dispose of the trust' s units they receive.
However, he does not think investors will switch over from the trust to CapitaLand Investment Management (CLIM) over the longer term.
" CLIM is a growth company that focuses on expansion of funds under management. It is uncertain if CLIM would be included in the FTSE EPRA/NAREIT Global Real Estate (Developed) Index. CICT provides higher yield and is more suitable for insurers and income funds."
This is what TH can do. No other way to turnaround the company. The share price has been in dismay over the years. That' s why a lot of shortists.
Just like Keppel, announcing that it is going to buy at $7++ and caused a short squeeze.
Just like Keppel, announcing that it is going to buy at $7++ and caused a short squeeze.
Silo1234 ( Date: 24-Mar-2021 07:12) Posted:
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Road back to $2.50 let' s go!
Phase 3 may end soon. No more Work From Home liao. This babe will fly to sky.. huat ah..
HB8289 ( Date: 23-Mar-2021 14:36) Posted:
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Short and enjoying...
Short to enjoy...
Why did its share price fall yesterday?
Silo1234 ( Date: 24-Mar-2021 07:12) Posted:
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Nice summary 👍
pasttime ( Date: 23-Mar-2021 16:12) Posted:
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Another stock that caused the minority shareholders to lose money. Well done Temasek,
If you look at CLIM being a REITs and comparing with most equivalent REITs or having Price/NAV > 1, it is fair to say $4.1 is a reasonable target price.
I am going to hold my share tightly because I firmly believe this new REIT will have Price/NAV > 1.15.
I am going to hold my share tightly because I firmly believe this new REIT will have Price/NAV > 1.15.