Capitaland Investment (CLI) *Official* (SGX: 9CI)

[Squaredot]

I queued to sell at $3.79, transacted price was showing few cents lower, but my sell order was filled immediately. I also blurr, but not complaining..

Dun understand.
So your shares were sold at 3.79 or lower??

 

[chowck]

Congrats to Minx99.

You managed to get out before it came down.

 

[Minx99]

Congrats to Minx99.

You managed to get out before it came down.

No, I'm not trying to get out, just a little pruning. I am still keeping 3 baskets for long term appreciation

 

[Wood41]

1 basket = 10k shares or 100k ?

No, I'm not trying to get out, just a little pruning. I am still keeping 3 baskets for long term appreciation

 

[Minx99]

1 basket = 10k shares or 100k ?

Hehe... I'm no swashbuckling investment warrior like you, plonk down 100k one time, I'm a small fry...I invest using small cautious mousey steps..

 

[Minx99]

Capitaland did a quickie today, divesting Innov Tower in Xuhui district shanghai, then swooping in to acquire the newly completed Guozheng Center in Yangpu district. CAPL will pocket a cool $85m from the sale of Innov Tower, but before the cash could rest snugly in Lim Ming Yan's pocket, it's already deployed to earn more RMB for shareholders at Guozheng Center...

 

[Minx99]

yea, sudden all become red

Earnings doubled, share price goes down, where is the justice....

 

[Perisher]

Earnings doubled, share price goes down, where is the justice....

Market expecting more?

 

[Minx99]

Market expecting more?

No meaning...

 

[Minx99]

Market expecting more?

Capitaland mangoes glistening under the sun this morning..

 

[Perisher]

http://www.businesstimes.com.sg/companies-markets/capitaland-to-open-8-malls-in-2017
CAPITALAND will open eight malls in Asia in 2017 with almost one million square metres of gross floor area, the property developer announced on Thursday.

Through wholly-owned CapitaLand Mall Asia, CapitaLand will open six malls in China, one in Malaysia and one in India. The first mall will open in the second quarter of 2017, and the last one in the fourth quarter.

"As at Sept 30, 2016, 76 per cent of CapitaLand's total assets contribute to recurring income, of which shopping malls and integrated developments form the bulk," CapitaLand Mall Asia chief executive Jason Leow said in a statement.

 

[linusz]

Bookmarked

 

[Jupiter2017]

http://www.businesstimes.com.sg/com...se-in-q3-profit-on-fair-value-portfolio-gains
Wed, Nov 08, 2017 - 8:29 AM UPDATED Wed, Nov 08, 2017 - 12:43 PM
CapitaLand posts 28% rise in Q3 profit on fair value, portfolio gains

FAIR value and portfolio gains from its Singapore and China properties, together with a 60 per cent stake in CapitaLand Vietnam Commercial Fund I helped boost real estate giant CapitaLand's earnings for the third financial quarter by 28 per cent.
Net profit came in at S$316.95 million for the three months to Sept 30, 2017, from S$247.5 million a year ago.
The rise in net profit was mainly due to fair value gains arising from Golden Shoe Car Park, the serviced residence component of Funan integrated development in Singapore and Citadines Biyun Shanghai in China.
Portfolio gains arising from the divestments of both Wilkie Edge in Singapore and CapitaMall Anzhen in China, together with a 60 per cent stake in CapitaLand Vietnam Commercial Fund I also helped boost the bottom line.
Earnings per share was up to 7.5 Singapore cents, from 5.8 Singapore cents the year before.
The group's Q3 2017 operating profit after tax and minority interests, referring to profit from business operations, decreased by 18.8 per cent to S$204.5 million, due to lower handover of residential projects in China and the divestment of certain commercial assets in Singapore, the group said.
Revenue for Q3 2017 increased 9.7 per cent to S$1.51 billion on account of higher contribution from development projects in Singapore, higher rental revenue from newly acquired and opened shopping malls and serviced residences.
This quarter also marks the first time revenue from CapitaLand Mall Trust (CMT), CapitaLand Retail China Trust (CRCT) and RCS Trust (RCST) has been consolidated into the group's results, after the group assessed it had sufficient interest to control them.
"The group's equity stake in CMT and CRCT has progressively increased over the years arising from the issuance of units as consideration for management fees, acquisition and divestment fees as well as participation in distribution reinvestment plan. In Q3 2017, the group assessed that it now has sufficient interest to control CMT and CRCT having entered into arrangements to receive management fees and divestment fees in units," CapitaLand said.
"As the group owns equity stakes in RCST through both CapitaLand Commercial Trust, a consolidated entity of the group and CMT, with the consolidation of CMT, the group assessed that it has also control over RCST."
In a research note, OCBC Investment Research analyst Eli Lee said that this quarter's results were broadly within expectations.
The group announced residential sales remained stable in Singapore with 108 units sold in the third quarter, bringing the total number of residential units sold in the year to September to 293 with a sales value of S$1.15 billion. This includes units at Cairnhill Nine, which is fully sold as at July 2017, and Victoria Park Villas, which is 86 per cent sold as at Sept 30, 2017.
"Our active portfolio reconstitution has boosted our results as well as our AUM (assets under management) which stands at S$85 billion as at end of Q3 2017," said Lim Ming Yan, CapitaLand president and group CEO.
He added that the group will continue to maintain its presence in core markets of Singapore and China, while scaling up business in places like Vietnam through residential, serviced residence and commercial projects.
Looking ahead, the quarterly rise of 1.7 per cent in Grade A office rents supports the group's view that market rates have bottomed out. CapitaLand also expects improved sentiment to sustain the residential property market, underpinned by an increase in home prices and buying volume.
CapitaLand's shares were trading down S$0.03 or 0.8 per cent at S$3.69 as of 10.17am on Wednesday.

 

[Squaredot]

Singapore, 8 November 2017 – CapitaLand Limited achieved total PATMI of S$317.0 million in 3Q 2017, 28.1% higher than 3Q 2016.
This was mainly due to fair value gains arising from Golden Shoe Car Park, the serviced residence component of Funan integrated development in Singapore and Citadines Biyun Shanghai in China, as well as portfolio gains arising from Wilkie Edge in Singapore, CapitaMall Anzhen in China and the 60% stake in CapitaLand Vietnam Commercial Fund I.

Operating PATMI for 3Q 2017 decreased by 18.8% to S$204.5 million, mainly due to lower handover of residential projects in China, and impact of divestment of certain commercial assets in Singapore, partially mitigated by contributions from newly acquired and opened shopping malls and serviced residences.


Is results good or not so good?

Paging for Minx

 

[bluevalley2000]

Just my opinion. In their outlook, they said they are expecting slower growth for the rest of 2017 in China. So maybe this is the reason why we're not seeing higher share price action today, cos otherwise result seem quite good.

 

[bluevalley2000]

Quite frustrated with capitaland actually...all year round keep hearing property sentiment improving. But share price seem to be range bound only past 3-4 months.

 

[Wood41]

Threw it many moons ago at $3.66 .

They dumb dumb sold off freehold just at the bottom of the market at such discount.

Banker Wee Cho Yaw buys all 45 unsold units at The Nassim for $411.6m
http://www.straitstimes.com/business/wee-family-buys-all-45-unsold-units-at-the-nassim

And still blur blur pay penalty for Interlace &
Leedon by taking such huge projects & not
able to clear them within 5 years.

 

[Minx99]

Singapore, 8 November 2017 – CapitaLand Limited achieved total PATMI of S$317.0 million in 3Q 2017, 28.1% higher than 3Q 2016.
This was mainly due to fair value gains arising from Golden Shoe Car Park, the serviced residence component of Funan integrated development in Singapore and Citadines Biyun Shanghai in China, as well as portfolio gains arising from Wilkie Edge in Singapore, CapitaMall Anzhen in China and the 60% stake in CapitaLand Vietnam Commercial Fund I.

Operating PATMI for 3Q 2017 decreased by 18.8% to S$204.5 million, mainly due to lower handover of residential projects in China, and impact of divestment of certain commercial assets in Singapore, partially mitigated by contributions from newly acquired and opened shopping malls and serviced residences.


Is results good or not so good?

Paging for Minx

Frankly, I haven't examined their Q3 report, but from my quick scan of the news article, things should be fine. Developers profits are always lumpy, so I'm not overly concerned with the qrtly fluctuations, as long as the trend for the earnings is up. If my memory serves me well, 70% of their assets provide recurrent income, so that is your stabilizer. Again, this is another solid blue chip to own for a good night's sleep...

 

[precipice65]

Earnings doubled, share price goes down, where is the justice....

capitaland is a hopeless counter. so many years in the market yet its still the same price.

 

[Minx99]

capitaland is a hopeless counter. so many years in the market yet its still the same price.

It depend on your entry point, I'm sitting on very respectable capital gains(putting it mildly)....