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CapitaLand: Too early to bottom fish Post Reply Rate topic
mike8057d Veteran	30-Apr-2008 16:02        mike8057d About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Property market is cooling although the property analysts including the property agents would like to think that the price is stable.
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zhuge_liang Supreme	30-Apr-2008 13:14        zhuge_liang About Contact  Quote this Post!
x 1   x 0  Alert Admin	CapitaLand, Southeast Asia's top property developer, reported a 59% slide in quarterly profit due to weaker sales in S'pore and lower one-off gains, and said home buyers would remain wary amid the global credit crisis. Earnings from private home sales, CapitaLand's biggest money spinner a year ago amid a property boom, slumped as the government moved to cool the hype, but were was partly offset by foreign markets like China and Australia. "This is disappointing as Q1 had also been boosted by the sale of CapitaLand's stake in Hitachi Tower," said ABN AMRO analyst Fera Wirawin. The developer sold its 50% share in the office building for a $110 million  gain in the period. "CapitaLand is holding up better compared to its peers as its income is more diversified, but we think the property down-cycle has already started in S'pore earlier than expected," said Wirawin, who has downgraded CapitaLand to "sell". Private home prices in S'pore, CapitaLand's biggest market, recorded a 2nd straight quarter of slower growth in early '08 as property sales slumped to the lowest in 5 years. CapitaLand derived 39% of its pretax income from outside S'pore last year and also earns profits from property trusts, such as CapitaMall Trust and CapitaCommercial Trust. CapitaLand posted a net profit of $247.5 million in the three months to the end of Mar, compared with $608.1 million a year ago, in line with analysts' expectations. The year-ago result had been boosted by a $426.8 million fair value gain on one of its office buildings. CapitaLand Chairman Richard Hu told investors that its '08 earnings were unlikely to match last year's $2.8 billion due to the absence of revaluation gains. About $1.1 billion of CapitaLand's profit last year was from gains in the value of properties and investments. The other $1.7 billion came from selling apartments, trading properties, rent and managing real estate funds. Residential profits in S'pore slumped 30% to add $39 million in pretax earnings in Q1, but this was offset by an 81% jump in residential profits from China, which contributed $65 million. Australia and CapitaLand's other foreign residential markets improved 9% to contribute S$48 million. "Market sentiment in the property market is expected to remain cautious until a sustained recovery in the financial markets and economic conditions can be foreseen," it said. "Nevertheless, the group is confident that it will be profitable in 2008," said the group. S'pore property firms have reported disappointing earnings for the quarter ended Mar '08, partly due to slower sales in the domestic market. No. 3 developer Keppel Land posted a 3.5% fall in net profit, while GuocoLand and Allgreen suffered earnings declines of 93% and 65%, respectively.
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winsontkl Elite	29-Apr-2008 23:57        winsontkl About Contact  Quote this Post!
x 0   x 0  Alert Admin	Negative impact on sentiment??? Anyway, result will be out tom...
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mike8057d Veteran	29-Apr-2008 22:20        mike8057d About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Number of US homes facing foreclosure jumps 112 percent in first quarter from 2007 http://biz.yahoo.com/ap/080429/foreclosure_rates.html
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AK_Francis Supreme	29-Apr-2008 01:15        AK_Francis About Contact  Quote this Post! Style: Fundamental   Mood: Yells: "Happy go lucky, cheers."
x 0   x 0  Alert Admin	15cts on XD 7 May, good deal as compares with other high div payout coys,such as Kepld,  its price seems steady over the past weeks. But it had cheong quite a substantial amount already. The so-called div forbial syndrome may fall on it as well. AK view loh.
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LilyLi Member	28-Apr-2008 21:31        LilyLi About Contact  Quote this Post!
x 0   x 0  Alert Admin	The populations of these developing Asian countries are extremely house-proud once they've got the means. It's a insatiable desire.........in due course they will also want Daniel Linbeskind-designed condos. From mass mkt to DL, there is at least a 10 year period of opportunities. That's why I have been loading up all the big prop stocks with strong overseas legs.
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winsontkl Elite	28-Apr-2008 20:42        winsontkl About Contact  Quote this Post!
x 0   x 0  Alert Admin	So Cheong all the way till result announcement....
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LilyLi Member	25-Apr-2008 22:04        LilyLi About Contact  Quote this Post!
x 0   x 0  Alert Admin	A large swathe of Asian populations are now middle and upper middle class now. Prop counters are now good plays as long as they have overseas legs. I particularly like CapitaLand as the team is very strong, focused and innovative. I think its price has passed its bottom in this subprime crisis.
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Stupidbear Senior	25-Apr-2008 16:11        Stupidbear About Contact  Quote this Post!
x 0   x 0  Alert Admin	too early to consider
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tanglinboy Elite	25-Apr-2008 15:47        tanglinboy About Contact  Quote this Post! Style: Combined   Mood: Yells: "hello!"
x 0   x 0  Alert Admin	I am also eyeing this stock. Is it too late to consider?
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winsontkl Elite	24-Apr-2008 21:21        winsontkl About Contact  Quote this Post!
x 0   x 0  Alert Admin	Cheong passed $7 and U turn ....more upside???
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Kensonic77 Veteran	23-Apr-2008 22:46        Kensonic77 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Dow is up as of now... 12,749.00   +28.82...  Will it remains uptrend tomorrow?  Hope, it will...
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winsontkl Elite	23-Apr-2008 21:04        winsontkl About Contact  Quote this Post!
x 0   x 0  Alert Admin	Share your sentiment... L.....      ( Date: 19-Apr-2008 15:51) Posted: i still wary of putting $$ into property counters. look at kep land, drop like close to 1 dollar for past week or so.. still clear of them for now.. capitalland too high to buy now la
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L..... Veteran	23-Apr-2008 15:59        L..... About Contact  Quote this Post!
x 0   x 0  Alert Admin	stay with office prop counters instead of residential propo counters
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jipuo1 Member	23-Apr-2008 15:56        jipuo1 About Contact  Quote this Post! Style: Combined   Mood: Yells: "Get Rich Slow or one can get poor quick"
x 0   x 0  Alert Admin	i.e. for the short term.  Long term , according to figures, my choices r in this order: HO BEE, CAPITALAND, CDL.
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jipuo1 Member	21-Apr-2008 14:28        jipuo1 About Contact  Quote this Post! Style: Combined   Mood: Yells: "Get Rich Slow or one can get poor quick"
x 0   x 0  Alert Admin	agree with L ....
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LilyLi Member	21-Apr-2008 09:19        LilyLi About Contact  Quote this Post!
x 0   x 0  Alert Admin	Watch this counter. This stock has lots more upside. It's a must-have in unit trust funds.
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L..... Veteran	19-Apr-2008 15:51        L..... About Contact  Quote this Post!
x 0   x 0  Alert Admin	i still wary of putting $$ into property counters. look at kep land, drop like close to 1 dollar for past week or so.. still clear of them for now.. capitalland too high to buy now la
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winsontkl Elite	18-Apr-2008 23:51        winsontkl About Contact  Quote this Post!
x 0   x 0  Alert Admin	Good prospect....too bad it did not spike down, but like I said...cheers to all vested.
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LilyLi Member	18-Apr-2008 17:10        LilyLi About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes, 1Q 2008 results to be announced on 30 April 2008. 29 April, Tuesday, AGM/EGM at 1000 at CapitaLand Towers. This counter will cheong. The management has something up its sleeves..........venturing futher into Indian and most likely make forays into Russia.
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