
wait for $3.70
soon!
CapitaLand is sort of look upon as a China play, with lately China financial market very volatile with all the talk about monetary tightening and price control, in short term CapitaLand should be volatile enough for trading purpose.
Make Love More, Don't Make More Enemies
paul1688 ( Date: 18-Nov-2010 09:58) Posted:
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Latest from OCBC.
Property: Oct pre-sales buoyed by ECs and higher-end projects Oct saw high activity in the Executive Condominiums or ECs segment, with a total 529 units sold in the month. Excluding ECs, the number of non-landed properties sold rose 15.1% MoM to 1029 units. Some of the best sellers include Millenium & Copthorne's The Glyndebourne and Allgreen Properties' Suites at Orchard in the CCR, which sold 112 units and 80 units respectively at median prices of S$2,149 psf and S$2,140 psf. Selected mass-market projects and "shoe-box" small-format units also enjoyed strong pre-sales. Nov has been a launch-heavy month: new projects include Keppel Group's 629-unit The Lakefront Residences, which was previewed on Friday and is already 51% sold. Maintain NEUTRAL view on the broader property sector. While uncertainties - economic in the West and a potential asset bubble in the East - remain, we still see value in some of the developers at current price levels. Our preferred picks include UOL Group and CapitaLand.
Remarks : Not proposing a blind Buy call. Buy, if you wish, with your eyes open.

Valtron ( Date: 17-Nov-2010 22:36) Posted:
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This counter is worth investing at this moment. Buy and hold for 3 months, you will see the return. :)
hmmm...based on TA, I think it is likely will drop to 1st support of $3.50, breaking which it then be $3.40.
Closed flat. Lucky didnt jump in this afternoon,otherwise lost 4cts liao....
Maybe can get cheaper coming Thursday...
yup agreed agreed. finally this counter is showing some power. sian. sse dropped a lot again. followed by hsi. think dji will follow suit tonight. maybe it's a lucky thing that the sg market is closed tmr!
cheers!
From DBSV.
Homes sales (excl ECs) rose 16% m-o-m to 1058 units in Oct 2010, in tandem with increased new launch activities. 10M sales have risen to 13109 units (excl ECs) or 89% of 2009’s total. There were significant buying interests in the high-end segment, both for new and existing projects. Transactions of projects priced >$2000 psf accounted for c21% vs c6% in previous two months, while about 42% of sales were from new projects. Looking ahead, we expect pricing growth to be modest and reiterate our medium term view that high-end residential prices will remain resilient. Mass market property prices will be affected by large incoming supply of low-end private and public housing from the roll out of the GLS and resumption of more active primary sales in HDB housing market. Stock selection is key. We prefer UOL, Singland, Ho Bee and Capitaland.
i think thisstock is pretty much of a laggard stock for quite some time already. cause when kepland went way up this was stagnant at around 3.93-3.95 level. so i think this stock has yet to sky rocket yet.
so maybe worth the look. but thats just my opinion ya! :)
yes 3.8 can go down further...