Latest Forum Topics / CapitaMalls Asia | Post Reply |
First Day trading open at $2.30
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wangwa
Senior |
07-Jan-2011 08:01
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Maybe: 1. CMA could have some cash flow problems so they need to raise cash through bonds. This is not really possible as CMA has lots of cash in their liquidity. They know it is not possible to raise cash from rights issue because the share price is so lousy. Some ppl will question why they do not need to use the IPO proceeds raised last year to initiate more projects. Why need to raise funds via bonds? 2. 3. Some ppl like these bonds as Interest payment of 1% per annum for 1-year bonds and 2.15% per annum for 3-year bonds. They may subscribe to bonds, making CMA a cash cow. No effect on CMA, but I believe they need to show how to use the proceeds raised.
Looking at short term, most investors will think (1) is the reason, that's why the share price remain battered even though Capitaland continues to choing. But long term, I believe the current price is v attractive, especially as sister CMT continues to head north and widens the gap between these 2 siblings. But I don;t know when that will happen. Just my thoughts... CMA will become an cash cow giant after raising the money. Good long term investment with lots of growth potential. They might use the proceeds to build the remaining malls to reach 100 malls?
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Bluevaio
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06-Jan-2011 23:13
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Can anyone explain what does this mean? Will it affect the share price?
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wangwa
Senior |
06-Jan-2011 22:54
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did they say they will not give dividend for Yr2010, ie for coming reporting full yr results for 2010?? fyi...they gave $10 dividend for Yr2009 in Feb2010
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chyn_no
Member |
06-Jan-2011 21:15
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why they didnt give dividends......................... HAIZZ | ||||
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mazimaz10
Senior |
06-Jan-2011 21:05
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So wat's the call for this stock? Buy or sell?? | ||||
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wangwa
Senior |
06-Jan-2011 16:40
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there are so many sellers keep feeding the 1.90 sell queue. I think high chance of going down to 1.83 range again. But who also keep buying at 1.90?? | ||||
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krisluke
Supreme |
06-Jan-2011 09:42
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Submitted with respect to: CAPITAMALLS ASIA LIMITED Announcement Title: MISCELLANEOUS :: OFFER OF UP TO S$200 MILLION BONDS COMPRISING: (A) UP TOS$100 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF 1.00 PER CENT. 1-YEAR BONDS,SUBJECT TO (I) THE ISSUER'S RIGHT, IN CONSULTATION WITH THE LEAD MANAGER, TOISSUE UP TO AN ADDITIONAL S$100 MILLION IN PRINCIPAL AMOUNT OF THE 1-YEAR BONDS AND (II) THE ISSUER'S RIGHT TO CANCEL THE OFFERING OF THE 1-YEAR BONDS IN THEEVENT THAT LESS THAN S$20 MILLION IN AGGREGATE PRINCIPAL AMOUNT IN APPLICATIONS ARE RECEIVED FOR THE 1-YEAR BONDS; AND B) UP TO S$100 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF 2.15 PER CENT. 3-YEAR BONDS, SUBJECT TO (I) THE ISSUER'S RIGHT, IN CONSULTATION WITH THE LEAD MANAGER, TO ISSUE UP TO AN ADDITIONAL S$100MILLION IN PRINCIPAL AMOUNT OF THE 3-YEAR BONDS AND (II) THE ISSUER'S RIGHT TOCANCEL THE OFFERING OF THE 3-YEAR BONDS IN THE EVENT THAT LESS THAN S$20 MILLIONIN AGGREGATE PRINCIPAL AMOUNT IN APPLICATIONS ARE RECEIVED FOR THE 3-YEAR BONDS,TO BE ISSUED BY THE ISSUER AND UNCONDITIONALLY AND IRREVOCABLY GUARANTEED BY THE GUARANTOR AT THE ISSUE PRICE OF 100 PER CENT. TO THE PUBLIC IN SINGAPORE THROUGH ELECTRONIC APPLICATION PROVIDED THAT (1) THE AGGREGATE ISSUE SIZE OF THE BONDSSHALL NOT EXCEED S$200 MILLION IN PRINCIPAL AMOUNT OF THE BONDS; AND (2) THE ISSUER AND THE GUARANTOR RESERVE THE RIGHT IN CONSULTATION WITH THE LEADMANAGER, TO RE-ALLOCATE BONDS FROM THE PUBLIC OFFER TO THE PLACEMENT. Broadcast Date: 06-Jan-2011 Broadcast Time: 07:42:38 Stock Code: JS8 Reference No.: 00008 Announced by: CAPITAMALLS ASIA LIMITED Company Registration No.: 200413169H Submitted on behalf of: CAPITAMALLS ASIA LIMITED Submitted with respect to: CAPITAMALLS ASIA LIMITED Name of Announcer: Kannan Malini Designation: Company Secretary Broadcast date: 06-Jan-2011 Broadcast time: 07:42:38 Price sensitivity: No Contact No.: 68265798 Submission date: 06/01/2011 Submission time: 7:42:12 AM Announcement Title: OFFER OF UP TO S$200 MILLION BONDS COMPRISING: (A) UP TO S$100 MILLION INAGGREGATE PRINCIPAL AMOUNT OF 1.00 PER CENT. 1-YEAR BONDS, SUBJECT TO (I) THE ISSUER'S RIGHT, IN CONSULTATION WITH THE LEAD MANAGER, TO ISSUE UP TO ANADDITIONAL S$100 MILLION IN PRINCIPAL AMOUNT OF THE 1-YEAR BONDS AND (II) THE ISSUER'S RIGHT TO CANCEL THE OFFERING OF THE 1-YEAR BONDS IN THE EVENT THAT LESSTHAN S$20 MILLION IN AGGREGATE PRINCIPAL AMOUNT IN APPLICATIONS ARE RECEIVED FORTHE 1-YEAR BONDS; AND (B) UP TO S$100 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF 2.15 PER CENT. 3-YEAR BONDS, SUBJECT TO (I) THE ISSUER'S RIGHT, IN CONSULTATIONWITH THE LEAD MANAGER, TO ISSUE UP TO AN ADDITIONAL S$100 MILLION IN PRINCIPALAMOUNT OF THE 3-YEAR BONDS AND (II) THE ISSUER'S RIGHT TO CANCEL THE OFFERING OFTHE 3-YEAR BONDS IN THE EVENT THAT LESS THAN S$20 MILLION IN AGGREGATE PRINCIPALAMOUNT IN APPLICATIONS ARE RECEIVED FOR THE 3-YEAR BONDS, TO BE ISSUED BY THEISSUER AND UNCONDITIONALLY AND IRREVOCABLY GUARANTEED BY THE GUARANTOR AT THEISSUE PRICE OF 100 PER CENT. TO THE PUBLIC IN SINGAPORE THROUGH ELECTRONICAPPLICATION PROVIDED THAT (1) THE AGGREGATE ISSUE SIZE OF THE BONDS SHALL NOTEXCEED S$200 MILLION IN PRINCIPAL AMOUNT OF THE BONDS; AND (2) THE ISSUER ANDTHE GUARANTOR RESERVE THE RIGHT IN CONSULTATION WITH THE LEAD MANAGER, TORE-ALLOCATE BONDS FROM THE PUBLIC OFFER TO THE PLACEMENT. // Description: The attached announcement issued by CapitaMalls Asia Limited on the abovematter is for information. // |
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krisluke
Supreme |
06-Jan-2011 09:34
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SINGAPORE, Jan 6 (Reuters) - Singapore-listed CapitaMalls Asia It said in a statement to the exchange that the bonds were expected to be listed on Jan 24. CapitaMalls Asia is a unit of CapitaLand (Reporting by Raju Gopalakrishnan) ((eveline.danubrata@thomsonreuters.com)(+65 6403 5669) |
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enghou
Senior |
05-Jan-2011 18:52
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IIFL recommends BUY with Target Price at $2.21 We believe the recent Raffles City divestment by CapitaLand (CAPL) to CapitaMalls Asia (CMA) is strategically positive. However, financially, this transaction is RNAV-dilutive for CAPL, as it will lose the potential accretion from the future completed property. We believe this project presents a great value, given its proximity to the subway and bustling commercial activities. However, given limited stake, this deal is only RNAV-neutral for CMA. We retain REDUCE on CAPL, with a new target price of S$3.95/share (from S$4.15), given its exposure to China residential (we estimate property prices will fall by 20-30% in tier-1 cities and 10-20% in tier-2 cities). Meanwhile, CMA now appears attractive, as it is currently trading at 1.23x FY11ii P/B, lower than 1.37x for its Singapore peers. We retain ADD on CMA, with an unchanged target price of S$2.21/share. Life Is Great |
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wangwa
Senior |
05-Jan-2011 13:55
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Southeast Asia’s largest property developer CapitaLand (CATL.SI) is open to the idea of a listing in China, where the firm’s shopping mall unit plans on almost doubling its number of properties, Singapore’s Business Times newspaper reported on Wednesday. CapitaMalls Asia (CMAL.SI) (CMA), a unit of CapitaLand, hopes to have around 100 malls from 53 now in China within the next three to five years. "It’s quite an easy target," given the country’s huge population, of which 400 million are in the middle class, CMA chairman and CapitaLand CEO Liew Mun Leong told a news conference on Tuesday. Liew said it would be ‘commercially logical’ to list its operations in China, since much of the group’s business is in the mainland and it would be able to raise funds in yuan. "It’s a question of when the Chinese authorities will open up for us," he said. As of September last year, China accounted for 34% of CMA’s $21.6 billion property value. For CapitaLand, China contributed some 18% of the total revenue of $684.6 million in the third quarter. |
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New123
Elite |
05-Jan-2011 12:07
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What will be the gd price to enter? |
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wangwa
Senior |
05-Jan-2011 11:48
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u are very steady and cool man!!
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bsiong
Supreme |
05-Jan-2011 11:15
Yells: "The Greatest Wealth is Health" |
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CapitaMalls Asia Ltd (“CMA”) wishes to announce that in an interview with a few Singapore media today, management mentioned that as CMA had committed about S$2 billion in new projects in 2010, it would likely commit a similar amount in new projects in 2011. CMA also plans to have 100 shopping malls in China , from the current 53 malls, within the next 3 to 5 years. |
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Hulumas
Supreme |
05-Jan-2011 09:53
Yells: "INVEST but not TRADE please!" |
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I know only my own target let go price will be >Sgd. 10.00 within five years from 2011.
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wangwa
Senior |
04-Jan-2011 22:33
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Does anybody know when CMA going to announce yr end results? | ||||
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Hulumas
Supreme |
04-Jan-2011 16:22
Yells: "INVEST but not TRADE please!" |
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Oh yes, time to buy again at this price level.
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wangwa
Senior |
04-Jan-2011 11:11
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this looks confirmed going to break down when index is going up, and what a joke it is even 8 cents lower than CMT!! sian |
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hlfoo2010
Veteran |
31-Dec-2010 19:46
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Just recap Liew Mun Leong, CEO, CapitaLand Group said year ago http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1018855/1/.html |
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bsiong
Supreme |
31-Dec-2010 09:19
Yells: "The Greatest Wealth is Health" |
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CapitaMalls Asia Ltd (“CMA”) announced that its wholly-owned subsidiary, Better Value, has on 30 December 2010 entered into a Deed of Sale and Purchase, to acquire an 18.0% shareholding interest in Senning from Longtex, an indirect wholly-owned subsidiary of CapitaLand Ltd. Senning owns a 95.0% equity interest in Shanghai Orient, a company incorporated in the PRC, and Shanghai Orient in turn owns the Property. The Property will be known as “Raffles City Changning” and will be developed into an integrated mixed development that will comprise, inter alia, retail, office and residential units for strata sale. Better Value will invest approximately S$187.2 million for its 18.0% shareholding interest in Senning. //sgxmasnet/// |
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littlenova
Member |
29-Dec-2010 18:16
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CapitaMalls Asia (CMA) : manages the Shopping Malls + REIT
CapitaMall Trust (CMT) aka CapitaMall : REIT |
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