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This fella like kena stuck. Dowan move down, dowan move up... just range.
eeeeeeeeeeeeee.............
Chiong? Just to close short position so that can short again later...
why the sudden chiong? any news? uncle lim angry buying up all the shares
Lucky grab some today. Now 3.90.
bishan22 ( Date: 03-Nov-2010 10:34) Posted:
| Looks like strong support at 3.85... moving to 3.88 today @ 200MA. |
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Look at that support come in at 3.85
Seems rock solid for now at least.
Future will not be good for CPL... only downgrade... I short I cover...this will be my strategy in this counter...
CapitaLand said it will sell its entire 49% stake in Runwal CapitaLand India for about 1.02b rupees in cash to India’s Runwal Group.
O V E R H E A R D : LAST TIME
INDIA was fUl l Of GOLD
EVERYWHERE ? ? ? ?
TRUE or FALSE ? ? ? ?
Overly pessimistic? Under $3 would mean a grizzly bear?
Isolator ( Date: 03-Nov-2010 10:54) Posted:
| It is matter of time and wont be too long, CPL will be under $3... |
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No one knows the trend...
until after the event.
This applies to
all time frames...
It is matter of time and wont be too long, CPL will be under $3...
Looks like strong support at 3.85... moving to 3.88 today @ 200MA.
But when it happens,
it will seem pretty easy too...
SGG_SGG ( Date: 02-Nov-2010 12:01) Posted:
That 3.80 region seems pretty hard to crack. Plus China suka suka change regulations.
iPunter ( Date: 02-Nov-2010 11:58) Posted:
Study your charts... And think in terms of time frames... If not, whether you are a trader or investor, a lot of money can be lost...
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When King Solo.... & his army start to short sell is going to have a big impact...
That 3.80 region seems pretty hard to crack. Plus China suka suka change regulations.
iPunter ( Date: 02-Nov-2010 11:58) Posted:
Study your charts... And think in terms of time frames... If not, whether you are a trader or investor, a lot of money can be lost...
blueheat ( Date: 02-Nov-2010 11:19) Posted:
| so when is the right time to long |
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Study your charts...
And think in terms of time frames...
If not, whether you are a trader or investor,
a lot of money can be lost...
blueheat ( Date: 02-Nov-2010 11:19) Posted:
| so when is the right time to long |
|
Posted this earlier on another forum, Just sharing. Not sure if this is a mere correction from recent news or a "breakdown".
My own humble view is the selling is over done, and CapLand's current selldown is great for progessive accumulation (since we do not know where the current bottom is) for those with long investment profile.
Anyway, latest DBSV report on Capitaland.
Weaker Q3 expected. Capitaland’s 35% and 43% decline in Q3 revenue and PATMI to $684.6m and $159.6m respectively were expected. This was due to lower contributions from Spore residential sales on completion of 2 projects, smaller topline from CMA following the sale of Clarke Quay and Malaysian assets, weaker financial contributions and higher effective tax rate of 21%. This was partially offset by higher divestment gains from sale of 50% stake in Sichuan Zhixin, Starhub Centre and listing of CMMT as well as higher Ascott earnings. Maintaining its launch pipeline. It has locked in $1.4b residential sales in Singapore from Interlace and Urban Suites and plans to release Farrer Court and Nassim in 4Q10. In China, it has presold 1935 units worth $670m YTD including Pinnacle Shanghai (ASP RMB30kpsm) and Metropolis Kunshan (ASP RMB11kpsm) and intends to market more new units as well as launch Paragon Luwan and Imperial Bay Hangzhou over the next 12 months. In Vietnam, it will also launch 962-unit Beau Rivage by year-end. The group’s balance sheet remains robust, at 0.21x gearing, enabling it to execute its medium term growth strategy of deepening exposure in China and Vietnam, and expanding the leadership of the retail mall and serviced residence network.
Establish CapitaValue Homes. Secured 2 JV sites in HCMC Vietnam and Wuhan China to build >2500 homes. Targeting at affordable housing pegged at 40% of a particular city’s household income, which we believe to be a sizeable market. As this is likely a volume business, margin management would be key. The group would work close with local authorities to manage land cost. We have not factored any contribution from t his business.
Maintain Buy, TP $4.96. We have tweaked our FY10 and FY11 earnings and raised RNAV marginally to $5.51 to take into account the Bedok North site. We expect 4Q10 to improve qoq with billings from Interlace. Valuations are undemanding at 29% discount to RNAV. Our target price of $4.96, at 10% discount to RNAV, offers 27% upside.
Similar analyst view from KIMENG.
CapitaLand reported a 3Q10 PATMI of $159.6m – a 43% yoy reduction on the back of lower development profits. Excluding divestment gains in 3Q, YTD core PATMI was 73% of our full‐year estimate, broadly in line with expectations. CapitaLand remains optimistic about China’s property market and also has launches planned in Singapore.
While government policy risks continue to be an overhang for the stock, we remain confident of CapitaLand’s China business in the medium to long‐term. Maintain BUY with a target price of $4.88, pegged to a reduced 10% premium to RNAV.
Disclaimer : Caveat Emptor. Pls make your own investment research.
so when is the right time to long
Time is the key, time...
