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Anyone standby to short this? Post Reply Rate topic
soloman Master	23-May-2009 12:19        soloman About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hard to say as many things nowadays is subjective to the times Only one thing is sure, those who dod not want the rights will sell on MONDAY Some will short for the next few weeks to capitalise on it
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dealer0168 Elite	23-May-2009 11:51        dealer0168 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Rights for 0.59 per unit u holding. Correct me if i am wrong. Is it a attractive investment? Anyone can advice.
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soloman Master	23-May-2009 10:38        soloman About Contact  Quote this Post!
x 0   x 0  Alert Admin	This only shows the troubling matters of companies who borrow in the billions Even if next year or 2 to pay back - will haunt them now Go for reits with small borrowings e.g less than 1 billion, better That means SUNTEC, Mapletrelog, CMT, AREIT etc all in asking for funds now -  rather than in a year or two later
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soloman Master	23-May-2009 10:19        soloman About Contact  Quote this Post!
x 0   x 0  Alert Admin	This one is asking for money Not good at this time If no money, don;t buy properties lah....., same with individual - don;t buy on leverage
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ticklish8 Senior	22-May-2009 14:06        ticklish8 About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	May 22 (Bloomberg) – CapitaCommercial Trust, the office landlord partly owned by Southeast Asia’s largest developer, plans to raise S$828.3 million ($572 million) by selling shares to existing shareholders to help repay debt.     The company will sell 1.4 billion shares at 59 Singapore cents apiece, or a 44 percent discount to the last traded price of S$1.06, CapitaCommercial said today in a statement. CapitaLand Ltd., which has a 31.4 percent stake in the trust, will  subscribe to its full entitlement for S$260.4 million.     “It seems CapitaCommercial is building up capacity to refinance debt, and creating a buffer against potential asset writedowns,” said David Lum, analyst at Daiwa Institute of Research in Singapore.     The worst global recession since World War II has battered Singapore’s exports, prompting the government to cut taxes and hand cash to businesses to help them cope with the slowdown. The cost of leasing offices fell 11 percent in the first quarter,  and retail and industrial rents slid 3.3 percent and 5.6 percent, respectively, the Urban Redevelopment Authority said April 24.     CapitaCommercial joins Singapore companies including DBS Group Holdings Ltd. in turning to investors for cash as the global financial crisis tightens the availability of credit. CapitaLand earlier this year raised S$1.84 billion in a rights offer,  and its CapitaMall Trust unit raised S$1.23 billion by selling stock to shareholders.     Lower Asset Values     CapitaCommercial has S$2.28 billion of outstanding bonds and loans, according to data compiled by Bloomberg.     The company’s gearing of 38 percent is below the 60 percent threshold set by the Monetary Authority of Singapore, though a decline in asset values may push its gearing above 40 percent, Daiwa’s Lum said.     The value of CapitaCommercial’s properties fell 10 percent to S$6.03 billion as of May 22 from Dec. 1, according to a separate statement. The property trust said the rights sale will cut its gearing to the “low end” of its target of between 30  percent and 45 percent, boost its balance sheet and improve its credit profile.     CapitaCommercial has a “negative” outlook and a Baa2 rating, the second-lowest investment grade, on its long-term corporate debt, according to Moody’s Investors Service     CapitaCommercial hired DBS Group Holdings Ltd., Cazenove & Co., Standard Chartered Plc and United Overseas Bank Ltd. to help sell the shares.     Shares of CapitaCommercial and CapitaLand were halted for the announcement. CapitaCommercial stock has gained 18 percent this year, and CapitaLand shares have risen 32 percent. Singapore’s benchmark Straits Times Index is up 25 percent in the same  period. CapitaCommercial’s rights shares are scheduled to start trading on July 3.     CapitaCommercial said last month that a three-year loan secured from DBS Bank Ltd., Standard Chartered Bank, United Overseas Bank Ltd. and the Bank of Tokyo-Mitsubishi UFJ Ltd. had been fully drawn down to repay S$580 million of mortgage-based  securities that came due in March.     It also said it obtained a “commitment letter” from an unidentified bank for a three-year loan of as much as S$160 million to refinance remaining debt maturing this year.     CapitaCommercial paid shareholders S$45.4 million, or 3.24 cents a share, for the three months ended March 31, up from S$35.9 million, or 2.59 cents, a year earlier, the company said April 30.     For Related News and Information: CapitaCommercial Debt: CCT SP  Equity  DDIS  GO  Singapore company stories: TNI SP COS BN  GO  Most-read Singapore stories: MNI SP  GO  Today’s top stories in Asia: TOP ASIA  GO     –With assistance from Bei Hu in Hong Kong. Editors: Tony Jordan, Alan Soughley     To contact the reporter on this story: Jonathan Burgos in Singapore at +65-6212-1156 or jburgos4@bloomberg.net; Andrea Tan in Singapore at +65-6212-1325 or atan17@bloomberg.net     To contact the editor responsible for this story: Darren Boey at +852-2977-6646 or dboey@bloomberg.net.     -0- May/22/2009 05:23 GMT 05-22-09 0124EDT
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nickyng Supreme	22-May-2009 13:53        nickyng About Contact  Quote this Post!
x 0   x 2  Alert Admin	SHORT ALL THE WAY AHH !!! :D
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Zelphon Senior	22-May-2009 13:48        Zelphon About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Hauttttttttt AHhhhhhhh !!!"
x 0   x 0  Alert Admin	Seems like RIGHTS ISSUE is the IN thing..  Heng.. My Mapletree Log won't issue Rights anymore.. hahahah
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axlaxlaxl Member	22-May-2009 13:44        axlaxlaxl About Contact  Quote this Post!
x 0   x 0  Alert Admin	damn....it's being confirmed. SINGAPORE, May 22 (Reuters) - CapitaCommercial Trust (CCT) , a property trust managed by Singapore's CapitaLand , on Friday launched a rights offer to raise S$828 million ($573 million) to pay down debt amid a plunge in office values. CCT will offer existing shareholders one new units for every one held at S$0.59 a unit, which translates to a discount of about 44 percent to the closing price of S$1.06 a share. CapitaLand, which owns around 31 percent of CCT, will subscribe for its share of the offer. CCT and CapitaLand shares were suspended from trading on Friday. (Reporting by Kevin Lim; Editing by Saeed Azhar) ((kevin.lim@thomsonreuters.com; +65 6403 5663; Reuters Messaging: kevin.lim.reuters.com@reuters.net)) ($1=1.445 Singapore Dollar) Keywords: CAPITACOMMERCIAL RIGHTS/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.
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chinton86 Veteran	22-May-2009 13:43        chinton86 About Contact  Quote this Post!
x 0   x 0  Alert Admin	maybe Oei Hong Leong loses in forex because of this kind of mistake??LOLXx
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solar2008 Senior	22-May-2009 13:41        solar2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	oops. Is S$0.59 per Rights
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chinton86 Veteran	22-May-2009 13:37        chinton86 About Contact  Quote this Post!
x 0   x 0  Alert Admin	haha...Are u joking selling rights at less than a cent?
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solar2008 Senior	22-May-2009 13:12        solar2008 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Rights 1:1 @0.59cent
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qqaaas Member	22-May-2009 11:36        qqaaas About Contact  Quote this Post!
x 0   x 0  Alert Admin	vvvvvvvvvvvvvery likely rights !!!!!!!!!!!!!!!!
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Hulumas Supreme	22-May-2009 10:26        Hulumas About Contact  Quote this Post! Style: Flexible   Mood: Yells: "INVEST but not TRADE please!"
x 0   x 0  Alert Admin	Short???.... NO way! All the way long? ........Yes, yes, yes... guppy724      ( Date: 22-May-2009 09:52) Posted: Halt : "Pending release of announcements. A media and analysts' briefing will be held later today at 3.00 p.m. in relation to the announcements" sourced from sgx website.
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guppy724 Member	22-May-2009 09:52        guppy724 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Halt : "Pending release of announcements. A media and analysts' briefing will be held later today at 3.00 p.m. in relation to the announcements" sourced from sgx website.
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guppy724 Member	14-May-2009 23:47        guppy724 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hope to see this fella stays above $1 soon.Some action during the last min closing time.Any news? 17:05:01 1.020 504,000 Buy Up 16:59:58 0.995 64,000 Sell Down 16:59:12 1.000 68,000 Buy Up 16:58:38 0.995 1,000 Sell Down 16:58:28 0.995 2,000 Sell Down
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oinkoink1999 Senior	03-Feb-2009 11:30        oinkoink1999 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Any idea what's happening to this counter? All exit after XD huh? Price is going down fast... :|
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winsontkl Elite	25-Jan-2009 01:09        winsontkl About Contact  Quote this Post!
x 0   x 0  Alert Admin	Why .. related to Capland right issue??? freeme      ( Date: 22-Jan-2009 15:05) Posted: I tink its good for shorting soon
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singaporegal Supreme	22-Jan-2009 22:49        singaporegal About Contact  Quote this Post! Style: Technical   Mood: Yells: "Female TA nut"
x 1   x 0  Alert Admin	Why do you say that? freeme      ( Date: 22-Jan-2009 15:05) Posted: I tink its good for shorting soon
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freeme Elite	22-Jan-2009 15:05        freeme About Contact  Quote this Post!
x 0   x 1  Alert Admin	I tink its good for shorting soon
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