Capitaland Investment

[GPD]

I suppose it only benefit shareholders in terms of capital gains if market continues to track the stock prices based on same price-to-book ratios prior to the buyback.

[ValueBeliever]

Today on WSJ added a new twist to the saga betw Japs and Chinese. If not peace than what matters? The Japs are tired of apology and rhetoric is not just that, it could be a new level of tension.

The level of investment in China needs careful watch? I think Spore property call by Mr Jason Columbia is wrong, if any thing war were to break out, Spore will trigger a run of wealthy depositor and a large spike in interest rate? Why? Look at the current situation in Thai and Malaysia, their currencies are weakening much faster than Singapore and that could mean recognition that Spore $ is supported by influx of foreign wealth in particular from Malaysian?

Recent Aquino remark could well just show the extend of the anxiety ASEAN face with a menacing china flexing its muscle over territorial dispute.

We are already the Swiss of ASEAN or may be the world and the economy is indeed booming in service sector. Our property is worth every ounce of gold per sq ft. Gold doesnt yield anything but Spore property does as it used to be just CCR but now its price is fast appreciating in the OCR.

So why is Barclay moving back to Marina? Cost cutting or CCR rental is cheaper than OCR?

[arriyana]

Today on WSJ added a new twist to the saga betw Japs and Chinese. If not peace than what matters? The Japs are tired of apology and rhetoric is not just that, it could be a new level of tension.

The level of investment in China needs careful watch? I think Spore property call by Mr Jason Columbia is wrong, if any thing war were to break out, Spore will trigger a run of wealthy depositor and a large spike in interest rate? Why? Look at the current situation in Thai and Malaysia, their currencies are weakening much faster than Singapore and that could mean recognition that Spore $ is supported by influx of foreign wealth in particular from Malaysian?

Recent Aquino remark could well just show the extend of the anxiety ASEAN face with a menacing china flexing its muscle over territorial dispute.

We are already the Swiss of ASEAN or may be the world and the economy is indeed booming in service sector. Our property is worth every ounce of gold per sq ft. Gold doesnt yield anything but Spore property does as it used to be just CCR but now its price is fast appreciating in the OCR.

So why is Barclay moving back to Marina? Cost cutting or CCR rental is cheaper than OCR?

SGD also provides a safe margin for investments in Singapore. The stability and appreciation of SGD helps reduce hedging cost by a substantial amount. It's a safe haven.

[ValueBeliever]

Here in Singapore, Reits add very little value to our lives other than to suck more of our revenue into Reits owner. By the way Reits also inflate the value of their property before listing and that goes towards original shldrs of capital land/capital mall.

All these food Co. pay a 5% on revenue and it hurt our pocket and if you're a Reits owner, it hurts you too cause the property value is correcting and ultimately Reits share price will correct.

Gov should impose restriction of Reits collecting rent as part of revenue. It hurts value real value creator and consumers and there is not much value created on falling share price either. Thus it hurt everyone all the stakeholders!

[freedom]

I don't agree that there is no value added at all for the REITs. Though REITs have not done great for everyone, they did help get a better use of the properties they hold, thus, the value added. They also help maintain the properties better. There is no reason that rent for a property has to be cheap. The goods should always go to the higher price bidder which normally would be better use of the goods.

What should be the MRT station worth before SMRT converts many of its for retail purpose? Didn't SMRT create value? The state has higher properties usage and value and the commuters get convenience and the SMRT gets better income from its properties. Win-Win-Win for everyone. I would say that it is a great value add.

[greengiraffe]

Australand courted by new Chinese suitor
BRIDGET CARTER THE AUSTRALIAN MARCH 01, 2014 12:00AM
Print

A NEW name has emerged as a potential contender to buy the $2.26 billion Australand business: Pacific Alliance Group out of Hong Kong.

Listed real estate trust Mirvac Group has continuously been named among the suitors for the $2.26bn target, along with Stockland and the GPT Group, which tried unsuccessfully to buy the bulk of the property business almost a year ago.

But PAG is now thought to be looking at a takeover of the entire listed business, sources have suggested.

It comes with suggestions Mirvac Group could also be looking at calling on US pension fund TIAA-CREF to make a play for Morgan Stanley's $1.9bn listed Investa Office Fund in a deal similar to the recent $3bn takeover by Dexus and the Canadian Pension Plan Investment Board of the Commonwealth Property Office Fund (CPA).

TIAA-Cref has $US441bn of assets under management and is known to be close to Mirvac, but Mirvac has denied any play for IOF was afoot. The GPT Group has previously been tipped as a potential candidate to buy IOF and a bid from it for the business still hasn't been ruled out, given that it missed out on CPA to Dexus.

PAG's real estate arm has at least $US9bn of property across Asia under its control, and 100 staff. In the past it has been a strong contender to buy more than $1bn of distressed Australian commercial property debt on offer by British bank Lloyds.

Australian Broderick Storie, who began his real estate investment banking career in Australia with roles at Gresham and as head of real estate at the former investment bank Babcock & Brown, is a partner at PAG.

PAG would not comment on the rumours.

On the IOF front, it is thought Macquarie could play a part as a defence adviser for IOF, while any bid launched by Mirvac would likely happen through Citi.

[Stocker]

Foreign companies just want to have a slice of action in Australian property market. Many countries imposed cooling measures but Australian open door policy still intact, thus can expect more foreign funds heading there.

[starcraft_76]

Div for current FY: 8cts (Payout ratio 40%)
Current Price: SGD2.75
Yields: 2.9%

NTA: SGD3.67
EPS 19.6cts
PE: 14.03%
(Vested - and still losing $$ on it)

[starcraft_76]

2008 2009 2010 2011 2012
EPS 37 26.2 33.5 24.8 21.9
NTA ($) 3.57 3.03 3.18 3.4 3.44
Div (cts) 7 10.5 6 8 7
Price on Jan ($) 6 2 4.25 3.75 2.25
P/E 16.22 7.63 12.69 15.12 10.27

*Note: Price on Jan is estimated base on Yahoo Finance Chart

[CityFarmer]

CapitaLand share price is in downward trend since mid of last year. It is traded @ 2.72 now, at Rolling PE of 13.6, and close to 30% discount from its NAV...

(not vested)

CapitaLand sells Australand stake for $1.07 bil

CapitaLand said on Wednesday it has sold its remaining 39.1% stake in Australia's Australand Property Group for around US$849 million ($1.07 billion).

Australian property developer Stockland Corp said it bought a strategic 19.9% stake in Australand at an average price of A$3.78 ($4.4) per stapled security, a 3% discount to Australand's closing price of A$3.89 price on Tuesday.

Last year CapitaLand cut its stake in Australand to 39.1% from 59.1% at a loss to pursue "new opportunities", despite an earlier strategic review that concluded Australand was a key investment. Australand securities were placed on a trading halt on Wednesday.
http://www.theedgesingapore.com/the-dail...3-mil.html