CapitaMalls Asia’s (JS8.SG) $747.2 million investment in Shanghai mall cum office development doing little to generate keen investor interest, says Dow Jones.
Stock flat at $2.12 in light trade. Company will buy 66% stake in upcoming complex for $281 million, with remaining amount comprising development cost. Project expected to be completed by 2015, will be funded by debt, equity.
“The price appears fair and enables CMA to strengthen its foothold in China, augment its Tier-1 city exposure and move towards its 40% target asset allocation in China from the current 32%,” says Deutsche Bank, which has Buy call with $2.53 target.
Still, as project won’t be earnings-accretive any time soon, impact on share price not expected to be significant in near term. 20-day moving average, last at $2.17, expected as resistance.
Latest Forum Topics / Genting Sing Last:0.89 +0.005 | Post Reply |
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BullishTempo
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08-Nov-2010 12:06
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Tags: Capitamalls Asia
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bladez87
Master |
08-Nov-2010 12:05
Yells: "I AM PAPER TRADING AFTER LOSING 5k!" |
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tempted to buy 1 lot and keep for now. | ||||||
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BullishTempo
Supreme |
08-Nov-2010 12:03
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bladez87
Master |
08-Nov-2010 12:00
Yells: "I AM PAPER TRADING AFTER LOSING 5k!" |
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OCBC SOARING LIKE NOBODY BUSINESS! | ||||||
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firewood
Master |
08-Nov-2010 11:59
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Contra must settle in USD so only suffer from 1x forex
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bladez87
Master |
08-Nov-2010 11:58
Yells: "I AM PAPER TRADING AFTER LOSING 5k!" |
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profit taking on STI underway! from 32 points drop to 24. | ||||||
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watermelon
Veteran |
08-Nov-2010 11:54
Yells: "A bird in the hand is worth two in the bush." |
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belgeran
Veteran |
08-Nov-2010 11:45
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ahh... sad.... made a bad move for vallianz.. | ||||||
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BullishTempo
Supreme |
08-Nov-2010 11:45
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Not vested in Genting HK, so cannot comment
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Noob79
Master |
08-Nov-2010 11:45
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I learn from my mistake...got 1 time i Contra and buy 50lots at 0.455 and sold at 0.465. Should have a 1 cent profit of 500x1.29=645 minus away comission should get about 400 mah.... but i get oni about 90... So i never buy Genting HK since then... but since BT said listed in HK then mayb u should try there too...
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epliew
Supreme |
08-Nov-2010 11:44
Yells: "no worries be happy !" |
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what is your take on Genting HK, seems to cheong alot these few days.... waiting for genting sp to cheong together ?
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BullishTempo
Supreme |
08-Nov-2010 11:42
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iOCBCjun
Member |
08-Nov-2010 11:37
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veri valuable info Thanks alot
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fools_gold
Senior |
08-Nov-2010 11:32
Yells: "nihil timendum est." |
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epliew
Supreme |
08-Nov-2010 11:32
Yells: "no worries be happy !" |
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squeeze you dry man..... be careful.
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bladez87
Master |
08-Nov-2010 11:30
Yells: "I AM PAPER TRADING AFTER LOSING 5k!" |
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looks like i made a big mistake to buy in USD for genting hk | ||||||
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BullishTempo
Supreme |
08-Nov-2010 11:25
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Smart !
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Icymilo
Senior |
08-Nov-2010 11:23
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If got $5 i run liao lo, still wait till $8? Neway appriciate your advise
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Noob79
Master |
08-Nov-2010 11:23
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Oic thanks... next time if i want to trade Genting HK must as well trade in HK... Not in SGX... there will be some forex losses in US dollar...
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BullishTempo
Supreme |
08-Nov-2010 11:20
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Tags: OCBC | OCBC Bank | Ocbc Bk | Oversea-Chinese Banking Corp.
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