Tags: Capitacommercial Trust | Capitamall Trust | Kim Eng

WRITTEN BY DOW JONES & CO, INC

FRIDAY, 21 JANUARY 2011 14:27

Share this  Digg  Del.icio.us  StumbleUpon  Netscape  Yahoo  Technorati  Googlize this  Facebook Export PDF Print E-mail Kim Eng reiterates CapitaMall Trust (C38U.SG) at a Buy with a DDM‐derived target of US$2.32 ($3.00) after the REIT Thursday declared a FY10 DPU of 9.24 Singapore cents on the back of 5.9% on-year growth in net property income. “With forward yields of at least 5.2% and rising, CMT could be an alternative inflation hedge,” the house says. It adds, like CapitaCommercial Trust (C61U.SG), CMT has a high cash position of US$712 million ($916.8 million).  “However, unlike CCT, we see visibility in the deployment of the cash. This will include the potential early redemption of Convertible Bonds amounting to $578 million, and the capex for the asset enhancement initiatives (AEI) for The Atrium, budgeted at $150 million.”    It adds, with the prospects of DPU boost in 2012 and 2013 following the completion of AEI works at JCube and The Atrium respectively, CMT is trading at attractive valuations. The REIT is flat at $1.89.

Tags: Capitamall Trust

WRITTEN BY DOW JONES & CO, INC

MONDAY, 24 JANUARY 2011 12:05

Share this  Digg  Del.icio.us  StumbleUpon  Netscape  Yahoo  Technorati  Googlize this  Facebook Export PDF Print E-mail IIFL upgrades CapitaMall Trust (C38U.SG) to Buy from Add, and raises its target price to $2.38 from $2.32, after the REIT reported inline FY10 results. “We like its robust occupancy rate (99.3%) and steady organic growth via strong reversions (6.5% in FY10, another 3%-5% per annum in FY11-FY12) and Asset Enhancement Initiatives in JCube and Atrium@Orchard,” it says; the latter project is expected to generate an additional S$20 million in rental income in 2013, which translates to 10% ROI.    The house reduces DPU estimates by around 2% in 2011 due to the expected loss incurred on convertible bonds put. “However, we have upgraded DPU estimates for FY12-FY15E on the back of lower interest expense (lower debt level) and incremental income from Atrium@Orchard.”    “CMT is our top pick, offering 5.1% FY11 DPU yield and 5.9% DPU CAGR from FY10-FY15E,” it adds.

thanks forthe advice BT.

I bought initially cuz last week i thought downtrend reversal, like any other noob, i didn't have stop loss target and I bled till this morning.

 TA or FA, nothing beats market sentiment.

Thankfully I have many lots of First REIT at .665 to offset this loss...

I'm looking at GAR for an entry point now.

any other counters? 

Don't buy a stock with low investor sentiments. 

Same case for GenSp. The only cure now is a fantastic 4th Quarter annoucement.

Not vested for GenSp.

Go down more, can buy cheaper 

Tags: Cwt | DMG & Partners Securities | Federal Int(2000) | Federal Offshore Services | First Resources | Golden Agri Resources | Guocoleisure | Keppel corp | Keppel Land | Neptune Orient Lines | Noble Group | Nomura Holdings Inc | Singapore Airlines

WRITTEN BY BLOOMBERG

MONDAY, 24 JANUARY 2011 13:40

Article Index STI gains 0.5% to 3,199.09 at trading break Page 2 All Pages Share this  Digg  Del.icio.us  StumbleUpon  Netscape  Yahoo  Technorati  Googlize this  Facebook Export PDF Print E-mail Singapore’s Straits Times Index gained 0.5% to 3,199.09 as of the 12:30 p.m. trading break. About two stocks rose and for each that fell in the benchmark index. Shares on the measure trade at an average 14.6 times estimated earnings, compared with about 15.6 times at the end of 2010, according to data compiled by Bloomberg. The following shares were among the most active in the market.    Palm-oil producers: Crude palm-oil futures for April delivery gained as much as 2.4% in Kuala Lumpur today.   First Resources (FR SP), an Indonesian palm plantation company, advanced 1.4% to S$1.43. Golden Agri-Resources (GGR SP), the world’s second-biggest palm-oil producer, jumped 3.5% to 73.5 cents. Indofood Agri Resources (IFAR SP), the palm-oil unit of Indonesia’s biggest noodle, rose 0.8% to $2.66. CWT (CWT SP), a logistics company, climbed 3.3% to $1.24. DMG & Partners Securitiesraised its share-price forecast to $1.45 from $1.16 and kept its “buy” rating.   Federal International 2000 (FEDI SP), a supplier of equipment to the oil and gas industry, jumped 5.9% to 9 cents. The company said its Federal Offshore Services unit agreed to sell a vessel for US$29.1 million ($37.4 million).   GuocoLeisure (GLL SP), the owner of hotels in the U.K., U.S. and Asia, rose 0.7% to 70 cents. The company said second-quarter profit more than tripled to US$19.1 million from US$5.5 million a year ago.   Keppel Land (KPLD SP), the real estate arm of Keppel Corp., rose 0.7% to $4.56. The company will announce its full-year earnings after market close today. It may report net income of $452 million for 2010, according to the average estimates by 23 analysts compiled by Bloomberg. That compares with $280 million the previous year.   Neptune Orient Lines (NOL SP): Southeast Asia’s biggest container carrier increased 0.9% to $2.24. Nomura Holdings Inc. raised its recommendation on the stock to “buy” from “neutral.”   Noble Group (NOBL SP), a Hong Kong-based commodities supplier, climbed 1.4% to $2.23. The Thomson Reuters/Jefferies CRB Index, which tracks prices of 19 commodities from copper to corn, increased 0.6% in New York on Jan. 21, snapping two days of decline.   Singapore Airlines (SIA SP), the world’s second- biggest carrier by market value, gained 0.8% to $15.18. The company said it will increase its fuel surcharge by between US$3 and US$27 per sector for tickets issued on or before Jan. 27, reflecting rising jet fuel prices.

Good for you. :)

Too bad, I don't have the capital and can't afford to take this risk...

Singapore Hot Stocks-Golden Agri up on higher palm oil futures

24 Jan 2011 - 02:18