Capitaland Investment

[brattzz]

ya! Liew is 招兵买马 lah!

[opmi]

Ya. Rather follow Liew to be closer to Temasek gods, than a few level down.


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[greengiraffe]

Murky waters? Stay out when in doubt anyway, its market exposure is not really attractive at all plus most of the REIT platform is not actively acquiring, ie asset turn at incubator parent is low - not good for moving pipeline and improving ROE, ROA.

Odd Lots Vested
GG

[greengiraffe]

http://www.valuebuddies.com/thread-3228-...l#pid97817

Easy and more lucrative business in Australand they gave away for a song... now they decide to re-enter Australia via a tougher business...

What can I say... Capland mgt greener than GG

Odd Lots Vested
GG

[greengiraffe]

http://www.businesstimes.com.sg/companie...ite-exodus

CAPITALAND EXITS
CMA deputy CEO joins C-suite exodus
Simon Ho is latest high-level CapitaLand departure but CEO Lim Ming Yan is unfazed given the group's 'deep management bench strength'

By
Lynette Khoolynkhoo@sph.com.sg@LynetteKhooBT
BT_20141024_LKCAPLAND24_1334469.jpg Mr Lim says there will always be competing offers out there, given the amount of exposure that CapitaLand offers
24 Oct5:50 AM
Singapore

SIMON Ho, deputy CEO of CapitaMalls Asia (CMA), is the latest to join a string of high-level departures from the CapitaLand group. Disclosing this yesterday, CapitaLand said that Mr Ho was leaving to pursue personal interests.

But the group remains unperturbed.

The

[greengiraffe]

http://www.businesstimes.com.sg/companie...or-concern

CMMT's leadership change no cause for concern
By
Pauline Ngbtworld@sph.com.sg
24 Oct5:50 AM
Kuala Lumpur

AN impending leadership change at CapitaMalls Malaysia Trust (CMMT) is not expected to cause any disruptions, as the appointed successor is an "insider" familiar with its operations.

"Despite investors' concerns on the change of guard, we believe that CMMT's future

[MINX]

http://www.businesstimes.com.sg/companie...ite-exodus

CAPITALAND EXITS
CMA deputy CEO joins C-suite exodus
Simon Ho is latest high-level CapitaLand departure but CEO Lim Ming Yan is unfazed given the group's 'deep management bench strength'

By
Lynette Khoolynkhoo@sph.com.sg@LynetteKhooBT
BT_20141024_LKCAPLAND24_1334469.jpg Mr Lim says there will always be competing offers out there, given the amount of exposure that CapitaLand offers
24 Oct5:50 AM
Singapore

SIMON Ho, deputy CEO of CapitaMalls Asia (CMA), is the latest to join a string of high-level departures from the CapitaLand group. Disclosing this yesterday, CapitaLand said that Mr Ho was leaving to pursue personal interests.

But the group remains unperturbed.

The

So many high level executives leaving the company in such a short time span, maybe the management of Capitaland ought to take a step back and reflect on what went wrong and take measures to prevent a recurrence, instead of just putting up a brave front?

[greengiraffe]

http://www.businesstimes.com.sg/companie...ite-exodus

CAPITALAND EXITS
CMA deputy CEO joins C-suite exodus
Simon Ho is latest high-level CapitaLand departure but CEO Lim Ming Yan is unfazed given the group's 'deep management bench strength'

By
Lynette Khoolynkhoo@sph.com.sg@LynetteKhooBT
BT_20141024_LKCAPLAND24_1334469.jpg Mr Lim says there will always be competing offers out there, given the amount of exposure that CapitaLand offers
24 Oct5:50 AM
Singapore

SIMON Ho, deputy CEO of CapitaMalls Asia (CMA), is the latest to join a string of high-level departures from the CapitaLand group. Disclosing this yesterday, CapitaLand said that Mr Ho was leaving to pursue personal interests.

But the group remains unperturbed.

The

So many high level executives leaving the company in such a short time span, maybe the management of Capitaland ought to take a step back and reflect on what went wrong and take measures to prevent a recurrence, instead of just putting up a brave front?

TLC = PAP style? definitely not gangnam style...

[CY09]

http://www.channelnewsasia.com/news/sing...35228.html

The article serves to highlight the difficulties faced by many SG developers as they seek to clear their high end residential units. As for Capitaland, my own personal gut feel is that the company will muddle through as its fall in residential sales will be offset by its REIT management revenue (esp from its now privatized CMA entity).

It is important to note Capitaland has many wonderful platforms to "recycle its capital through REITS" and it will continue selling its comemrcial/retial properties at high valuation (with income support of course) to its many REITS and in turn obtain acquisition fees for doing so, just like Keppel Land. It is such a wonderful model when you can pass some risk at the peak of a cycle to other investors and subsequently obtain an one-off acquisition and recurring mgmt fee. I think MAS has caught wind of this trend two years too late and many investors are going to suffer, e.g Viva Industrial trust (spin off by UE/Capitaland), OUE commercial trust (spin off by OUE) and of course Keppel REIT

As for its many unsold residential units, I am curious how it will get rid w/o incurring penalties. In a recent ST forum letter by a member of the public, the Ministry of Law has taken notice of how a property developer (Hiap Hoe) had "uncreatively" created a wholly owned subsidiary and then transferred all its unsold units to the latter bypassing the QC rule. Will Capitaland follow suit? To me, it is dangerous for them to do so, given its links to the govt. If it does, the CEO will likely be summoned to the Ministry of Law for a discussion.

[greengiraffe]

The troubles facing Capland and Kepland on their asset light strategies is they are running out of quality assets in well regulated countries for recycling...

Capland sold ALZ away for a song... then they bought into Quest via Ascott... much tougher sector that what ALZ is in...

Capland sold Westgate to Sunventure/LKH JV which could have been recycled into CCT via some sort of recycling...

As for Kepland... they have been selling MBFC via financial support and their Aussie commercial real estates have been directly bought by KREIT instead of being incubated at Kepland so that KREIT can have higher yields to acquire MBFC...

Anyway, my personal bet is on FCL for a repeat of Capland's asset light strategies in the next few years...

Vested in All
FCL Core
GG

http://www.channelnewsasia.com/news/sing...35228.html

The article serves to highlight the difficulties faced by many SG developers as they seek to clear their high end residential units. As for Capitaland, my own personal gut feel is that the company will muddle through as its fall in residential sales will be offset by its REIT management revenue (esp from its now privatized CMA entity).

It is important to note Capitaland has many wonderful platforms to "recycle its capital through REITS" and it will continue selling its comemrcial/retial properties at high valuation (with income support of course) to its many REITS and in turn obtain acquisition fees for doing so, just like Keppel Land. It is such a wonderful model when you can pass some risk at the peak of a cycle to other investors and subsequently obtain an one-off acquisition and recurring mgmt fee. I think MAS has caught wind of this trend two years too late and many investors are going to suffer, e.g Viva Industrial trust (spin off by UE), OUE commercial trust (spin off by OUE) and of course Keppel REIT

As for its many unsold residential units, I am curious how it will get rid w/o incurring penalties. In a recent ST forum letter by a member of the public, the Ministry of Law has taken notice of how a property developer (Hiap Hoe) had "un-creatively" created a wholly owned subsidiary and then transferred all its unsold units to the latter bypassing the QC rule. Will Capitaland follow suit? To me, it is dangerous for them to do so, given its links to the govt. If it does, the CEO will likely be summoned to the Ministry of Law for a discussion.