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20-11-2015, 03:01 PM,
Post: #141
RE: Capitaland
Broker's Report -
CapitaLand kept at ‘buy’ by Deutsche, target price of $4.20 unchanged
By Jeffrey Tan / | November 20, 2015 : 11:57 AM MYT
SINGAPORE (Nov 20): Deutsche Bank is confident that CapitaLand ( Valuation: 2.60, Fundamental: 1.00) is able to achieve its return on equity (ROE) target of 8%-12%.

It says ROE growth will be driven by the sustained sales momentum in China, portfolio rationalisation, asset recycling and a focus on growing its fund management platform.

“CapitaLand remains one of our top sector picks,” Deutsche analysts Joy Wang and Chien-Fie Man write in a note on Nov 18.

Deutsche maintains its “buy” rating for the stock with an unchanged target price of $4.20.

At 11.45 am today, CapitaLand slipped 3 cents or 0.9% to $3.12, with some 4.3 million shares traded.

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07-01-2016, 10:04 AM,
Post: #142
RE: Capitaland
CapitaLand: We're sticking with China
Leslie Shaffer CNBC Tuesday, Jan 05, 2016

China's property sector has long inspired fears that it's a bubble waiting to pop, but Singapore-based developer CapitaLand is sticking with its bets there.

Singapore-listed CapitaLand, which has developments across Asia, has kept its focus on just 10 cities in China: Shanghai and Beijing make up almost half of the nearly 30-40 billion Singapore dollars ($21-28 billion) of total assets that the developer has in the country, CapitaLand's chief financial officer Arthur Lang told CNBC Tuesday.
"Anyone who has been in these two cities recently will wonder whether there is actually any slowdown at all. And if you throw in the other two top tier-one cities, Guangzhou and Shenzhen, we're about two-thirds to 70 per cent situated in these four cities," he noted, adding that only around 4 per cent of the company's China assets are in tier-three cities.

"Short term, we are cautious like everyone else is because of all the volatility we're seeing in China," Lang said, noting nearly half of the company's assets are on the mainland. "But in the long term, we're still very confident and very optimistic."

Lang noted that CapitaLand had guided that it would probably have around 14 billion yuan (S$3.06 billion) in residential sales on the mainland in 2015 after clocking 11 billion yuan worth in the first three quarters.

Despite long-standing fears over overbuilding, China's property market has shown signs of stabilizing, even in the more stagnant residential sector, with the government backtracking on some cooling measures it put in place to calm the previously overheated market. The People's Bank of China (PBOC) has also cut interest rates repeatedly since November 2014.

Indeed, China's top-30 cities' full-year property sales hit a historical high, with volume up 20 per cent on year, according to data cited by Nomura in a note Tuesday.
However, the country still suffers from high vacancy rates in some regions, but these so-called ghost towns are generally located well outside China's largest cities.
Concerns over China increased after Monday's stock market rout, which saw the CSI300 index tumble more than 7 per cent, triggering a circuit breaker that halted trade for the day.

One of the reasons cited for the drop was the Caixin Purchasing Managers' Index (PMI), which came in weaker than expected, falling to 48.2 in December; levels below 50 indicate contraction.

"Everybody talks about the PMI, the overall PMI dropping. It has dropped and we expect it to continue to remain a bit weak over the next few quarters. But if you look at the non-manufacturing PMI, which is a function of services, it's actually gone up. I think it's a 15 or 16 month high. And that's positive for us," Lang said.
The official non-manufacturing PMI, released over the holiday weekend, rose to 54.4 in December from 53.6 in November.

"It's positive for our business because we are very much focused on the residential, the shopping mall, the consumption piece of China," Lang said.

"Our retail business, our shopping mall business is still doing well. We're focused always on the mass-market business. We call it the necessity shopping business. We're not focused on the high-end or the super luxury, which you know is suffering now, not only in China," he said.

China's retail sales are expected to have grown around 10.7 per cent in 2015, according to a Reuters report citing the Ministry of Commerce, down from 12 per cent in 2014.

CapitaLand, which has a market capitalisation of around 14 billion Singapore dollars, saw its stock outperform the Singapore market in 2015, with shares finishing essentially flat, compared with the benchmark Straits Times Index falling around 14 per cent for the year.
[Image: CNBC_resized.jpg]
Research, research and research - Please do your own due diligence (DYODD) before you invest - Any reliance on my analysis is SOLELY at your own risk.

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03-08-2017, 02:04 PM,
Post: #143
RE: Capitaland
Singapore Property Market Is 'Bottoming Out,' Says Biggest Developer's CEO

Klaus Wille and Paul Panckhurst
August 3, 2017, 11:52 AM GMT+8 August 3, 2017, 1:03 PM GMT+8

Singapore’s biggest developer, CapitaLand Ltd., detects signs that the city’s residential property market is “bottoming out” after a run of price declines, Chief Executive Officer Lim Ming Yan said.

Many investors are seeing Singapore as relatively more attractive than Hong Kong, London or Australian cities, Lim, who’s also president of the firm, said in a Bloomberg TV interview with Haslinda Amin on Thursday. Extra liquidity was a factor in higher transaction volumes and slower price declines in recent months, he said.

“For a rebound to take place on a more sustainable basis, there has to be overall improvements in the fundamentals,” Lim said.

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06-09-2017, 02:04 PM,
Post: #144
RE: Capitaland
CapitaLand Invests S$300 Million to Develop Integrated Development & Acquire Serviced Residence in Jakarta

CapitaLand‘s first integrated development in Indonesia, The Stature Jakarta is on track for completion by end 2020 at a total development cost of approximately S$220 million. It further expands its presence in Indonesia by investing S$74.3 million in a 192-unit serviced residence, Ascott Sudirman Jakarta, through CapitaLand’s wholly owned serviced residence business unit, The Ascott Limited (Ascott). Together, this represents an investment of approximately S$300 million in Southeast Asia’s largest economy.

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06-01-2018, 02:17 PM, (This post was last modified: 06-01-2018, 02:22 PM by cyclone.)
Post: #145
RE: Capitaland
CapitaLand continues portfolio reconstitution strategy by divesting a group of companies that own 20 retail assets in China 

Through its wholly owned shopping mall business CapitaLand Mall Asia, CapitaLand has entered into agreements with unrelated parties to divest its share of interest in a group of companies that hold 20 retail assets with an agreed value of RMB8,365.0 million (about S$1,705.9 million). Each mall has an average gross floor area (GFA), excluding car park, of about 40,000 square metres (sq m). They are spread across 19 cities, of which 14 are noncore cities where CapitaLand has a single mall in each. 

Targeted for completion in 2Q this year, this transaction is expected to generate for CapitaLand net proceeds of about S$660.0 million and a net gain of about S$75.0 million. The loss of recurring income arising from this transaction will be limited, as these 20 malls accounted for approximately 4% and 7% of CapitaLand’s respective total and China shopping mall portfolio valuation as at 30 June 2017. This round of mall portfolio reconstitution follows CapitaLand’s divestment of CapitaMall Kunshan in the Chinese city of Kunshan last month, and the formation of a joint venture between CapitaLand and CapitaLand Retail China Trust last November to acquire Rock Square, a leading 84,000-sqm shopping mall in the first-tier city of Guangzhou. 

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