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Old 26-06-2015, 11:17 PM   #46
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anyone tracking this counter recently?
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Old 14-07-2015, 08:29 PM   #47
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CapitaLand sells Bedok Mall to CapitaLand Mall Trust for $780 mil

By Jeffrey Tan / theedgemarkets.com | July 14, 2015 : 6:52 PM MYT
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SINGAPORE (July 14): CapitaLand, via its wholly-owned subsidiaries Brilliance Residential and CMA Singapore Investments (3), has divested Bedok Mall to CapitaLand Mall Trust (CMT) for $780 million.

Both subsidiaries entered into a sale and purchase agreement with HSBC Institutional Trust Services (Singapore) Limited, the trustee of CMT for the sale of the mall, CapitaLand told the stock exchange in a statement.

Under the agreement, the entire unitholding interest of Brilliance Mall Trust (BMT), the owner of Bedok Mall, was also divested at about $3.1 million for its net assets.

The transaction, which is conditional upon CMT unitholders’ approval, among other things, is expected to be completed by the fourth quarter this year.

According to CapitaLand, the move to divest Bedok Mall is part of the group’s “robust capital recycling strategy to realise development profit and deploy capital into higher yielding ventures”.

CapitaLand president and group CEO Lim Ming Yan said it is similar to the ongoing divestment of a group of serviced residences and rental housing properties to Ascott Residence Trust and the group’s 30% stake in PWC Building announced last month.

“These transactions allow us to realise our investment value and development profit, and enhance our financial flexibility,” he said.

Opened in December 2013, Bedok Mall is the first major mall in the heart of Bedok Town Centre, serving Singapore’s largest estate of about 300,000 residents as well as other residents in the east of Singapore.

It is part of an integrated retail-residential-transport development, which also includes the 583-unit condominium Bedok Residences developed by CapitaLand that received its Temporary Occupancy Permit in May 2015.

CapitaLand ended up 1 cent or 0.3% to $3.38, giving it a market capitalisation of $14.43 billion.
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Old 14-07-2015, 11:14 PM   #48
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anyone tracking this counter recently?

Me!

Last time buy Capital land and sold off but sold too early wow didn't expect it cheong even higher than i expected.

think last month I buy in again because the price is ok

And holding it

look quite positive again these two days despite up and down

also many agency target at 4 and Buy Status.
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Old 15-07-2015, 08:22 AM   #49
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What's the NPI for Bedok Mall? Anyone knows?

Edit: nvm found it.. 5.1% cap rate.
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Last edited by SpeedingBullet; 15-07-2015 at 08:25 AM..
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Old 17-07-2015, 08:42 AM   #50
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I visited Bedok Mall once on a Friday evening, really crowded. And it looks fully leased out already.
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Old 17-07-2015, 09:14 AM   #51
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I visited Bedok Mall once on a Friday evening, really crowded. And it looks fully leased out already.
but you look at bedok mall, it is never as crowded as tampines mall. to me it is not a big success but not bad lah.

anyway tampine and bedok all owned by cmi
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Old 17-07-2015, 12:46 PM   #52
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I've never had much luck with capitaland. held the stocks during 2011-2013. The price movement doesnt excite me much. So i sold it at break even (less opportunity cost).

Capitaland is quite exposed to china market. I dont have high hopes on china property. Thus, i am not inspired by this counter.

I agree it is currently trading below NAV, yet its yield and capital growth does not justify me investing in them.

just my thoughts.
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Old 17-07-2015, 01:29 PM   #53
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I've never had much luck with capitaland. held the stocks during 2011-2013. The price movement doesnt excite me much. So i sold it at break even (less opportunity cost).

Capitaland is quite exposed to china market. I dont have high hopes on china property. Thus, i am not inspired by this counter.

I agree it is currently trading below NAV, yet its yield and capital growth does not justify me investing in them.

just my thoughts.
Operating conditions in its key markets is still challenging. In fact China is looking worse in the short term. Having said that, it is during times like this that you can buy it at a lttle discount. The judgement call here is do you think the discount offset the rsiks you undertake
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Old 29-07-2015, 03:18 PM   #54
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Check CMT price.
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Old 05-10-2015, 01:24 PM   #55
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Divestment of Bedok Mall to CMT is completed.
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Old 05-10-2015, 03:16 PM   #56
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China property counters rebound strongly since last week. Not sure if there is any spill over effect to Singapore

Show your child the colourful and vibrant Jurong Panorama picture too......

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Old 05-10-2015, 03:46 PM   #57
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Should we hold or sell?

But for me , i feel to hold till break 3.0 mark.
Quite confident this counter is back to usual 3.0 ++ mark.
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Old 06-10-2015, 11:03 AM   #58
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any sentiments to be vested now?
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Old 06-10-2015, 02:15 PM   #59
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any sentiments to be vested now?

not bad it seem going back their regular 3.0 ++ mark
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Old 07-10-2015, 08:08 PM   #60
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Already go beyond 3... up up and huat

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