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keppeland also trade at 1.15 p/b. morever, those figures include latest full yr result (with 2010 profit). as for capland, the earnings still using 2009 figurures. If this coming result is good, perhaps the p/b will bring down. as said- do not see the p/b ratio, but to understand whether the figure used are updated...
Capitaland: Acquires Marine Point for S$100.7m and plans to redevelop site into condo with 150 units of 1-2 bedroom apts. The est cost including a $12.8m dev charge works out to $1,056 per sq ft per plot ratio. Marine Point is located along Marine Parade Rd opp Parkway Parade shopping mall, with 32 apt of current gfa 107.5 sq ft.
The transaction is expected to take place in 3Q 2011. Neighbouring Parc Seabreeze went for S$1256-1430/psf btwn Oct-Nov 2010. Co now trades at 1.15x P/B, average of property counters at approx 1.09x.
Capitaland to buy Singapore’s Marine Point for $100.68m
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| WRITTEN BY BLOOMBERG |
| THURSDAY, 27 JANUARY 2011 20:40 |
CapitaLand, Singapore’s biggest developer, signed an agreement to purchase the Marine Point development for $100.68 million, the company said in a statement to the stock exchange.
Located in the city’s Marine Parade area, the site will comprise 150 apartments, the statement said. The transaction will be completed by the third quarter. |
/theedge/
Capitaland: Announce that its wholly-owned subsidiary Ascott International (AIM) has entered into a joint venture agreement with an affiliate of RMZ Corp to establish a 50:50 joint venture Co, RMZ Infopark (India) to develop a 203-unit serviced residence to be known as “Citadines Galleria Bangalore”.
The land title rights for the serviced residence development must be injected into the JV
Company not later than 41mths from the date of the Agreement. In the event of the failure to inject the land within the Long Stop Date, AIM has the right to require the JV Partner to purchase all of AIM’s shares, or require the JV Company to repurchase all of AIM's shares.
Following the Subscription, the JV Company has become a 50% owned associated company of CapitaLand.. The above transactions are not expected to have any material impact on the NTA or EPS of the CapitaLand Group for FY11.
Ok thks! Might want to take the risk in case it break-out $3.71 ...
Bluevaio ( Date: 27-Jan-2011 09:41) Posted:
I dunno..China cooling measure again....better wait a while lah
New123 ( Date: 27-Jan-2011 09:15) Posted:
| Is it a good time to enter |
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there is no apparent reason of today fall. Becos cny around the corner. From the last few yrs, when ang mo new yr approac, stocks went up. and when chinese cny approach, they went down. May be chinese more careful, worry that during the holidays us and the europe goes down. Play safe. I should say asian investors lack of fighting spirit....
I think the 60% downpayment for 2nd property announced yesterday has not much effect on the market...look at HSI,SSE and SZE, all up...
Probably today's capland drop is just profit taking from yesterday's gain.
Just my view...
china is still a developing country. It will take 20 to 30 years befor it is a developed country. A lot province are still not so developed. Just imagine if all chinese stay in condo, how many buildings developers need to build??? It may takes lots of years. Look at the big picture, instead of several develop provinces. Capland can just venture into other less develope provinces and build houses. I can tell that capland will take next 30 years when they finally say- we have built enough new houses, and we are going for the next kill--- collective sales, from the condos they built long before...ha...
there must be demand then got supply, why cooling measures... becos government scare ppl punt for quick bucks thus forming assest bubble. they are not real buyer, but speculate that properties will raise and pocket the in between.
sti 4000 points when properties and bank stocks cheong lor... pulling up all counters : )
improved economy outlook benefit bank loans...
Bank will likely be affected, but, i dont think property will be much affected on the news of cooling measures by the government.
Property counter if slumps more than 20%, this will only be seen when property prices keep on sliding down for say a period of consecutively for few years....and this will be serious for singapore economy and slump all the way.
I hope i am correct.
my believe that capitaland will cheong still stand firm. inflation whaz that ? yuan shld had gained strength long time ago. wages in china also raises recently. I heard that china continue to import high end machinery from japan thus boosting their growth. now we talked abt inflation, demand over supply... but many analysts tips to expect good 2nd Q in 2011.
capland ( Date: 27-Jan-2011 10:37) Posted:
stocks across is ging down a little, maybe worry china is announcing measure (rumours). But i think a wise man would know that measures taken by china govt will not have any much impact in the market. Cos, china will give up all measures eventually, and instead let its currency appreciate. That is the only way to control its most fear--- inflation. One RMB up, imports get cheaper, and it surplus shrink. Then everythg is solved . constant progress will be assured. |
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stocks across is ging down a little, maybe worry china is announcing measure (rumours). But i think a wise man would know that measures taken by china govt will not have any much impact in the market. Cos, china will give up all measures eventually, and instead let its currency appreciate. That is the only way to control its most fear--- inflation. One RMB up, imports get cheaper, and it surplus shrink. Then everythg is solved . constant progress will be assured.
I dunno..China cooling measure again....better wait a while lah
New123 ( Date: 27-Jan-2011 09:15) Posted:
Is it a good time to enter ?
Bluevaio ( Date: 26-Jan-2011 14:23) Posted:
| If today can close with current price (3.68),then probably reversal is confirmed with this bullish engulfing candle.
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Is it a good time to enter ?
Bluevaio ( Date: 26-Jan-2011 14:23) Posted:
If today can close with current price (3.68),then probably reversal is confirmed with this bullish engulfing candle.
Bluevaio ( Date: 24-Jan-2011 22:11) Posted:
| Today Capitaland closed with a bullish harami candle, probably a reversal from here?
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The softening of the share price of property sectors didint really affect the prices of the s'pore proeprty, it is still selling high psf.
If today can close with current price (3.68),then probably reversal is confirmed with this bullish engulfing candle.
Bluevaio ( Date: 24-Jan-2011 22:11) Posted:
| Today Capitaland closed with a bullish harami candle, probably a reversal from here?
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Bear is in Control of CapitaLand. But keep a look out when price near the fibonacci arc
see my analysis on Capitaland here
Mkt closing soon. See how tmr then decide..
Buy kepland, devidend 18cts
