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

[Shion]

CapitaLand bags two green loans worth $400m to drive greening of global portfolio

CapitaLand bags two green loans worth $400m to drive greening of global portfolio

https://www.straitstimes.com/business/companies-markets/capitaland-bags-two-green-loans-worth-400m

SINGAPORE (THE BUSINESS TIMES) - CapitaLand has secured two green loans amounting to $400 million to "catalyse greening of the group's global portfolio by 2030", the property giant said on Wednesday (April 15).

A $150 million four-year green loan is provided by DBS Bank, while a $250 million three-year multi-currency green loan is provided by The Hongkong and Shanghai Banking Corporation - Singapore branch.

Proceeds from these green loans will be used for financing or refinancing of the development, investment and acquisition of certified green buildings.

The green buildings must achieve, or is expected to achieve minimally a Green Mark GoldPLUS certification by the Building & Construction Authority of Singapore (BCA), or a Leadership in Energy and Environmental Design (LEED) Gold rating by the United States Green Building Council, the company said.

Among other things, CapitaLand's corporate offices across three locations in Singapore will be fully powered by renewable energy by the end of this year. This means that the group will avoid over 700 tonnes of carbon emissions each year, equivalent to carbon emissions from the electricity consumption of 400 four-room HDB flats in a year, on average.

This would also further the group's objective to achieve at least 20 per cent energy consumption from renewable energy by 2025.

In addition, CapitaLand will purchase Renewable Energy Certificates (REC) from the clean energy generated from over 21,000 solar panels installed atop CapitaLand's six industrial properties in Singapore, held under Ascendas Real Estate Investment Trust (Ascendas Reit). The RECs will be used to reduce carbon emissions at CapitaLand's operations in its corporate offices within Capital Tower, Galaxis and eCapitaHub.

With the RECs, the common facilities' electricity usage at three of Ascendas Reit's buildings at one-north in Singapore will also be 100 per cent powered by renewable energy, starting with Neuros and Immunos in 2020 and extending to Nexus @ one-north and Nucleos by end 2022, CapitaLand noted.

As part of its green efforts, CapitaLand has also been awarded BCA's Green Mark Platinum "Super Low Energy" certification for LogisTech.

The four-storey building, held under Ascendas Reit, met BCA's criteria of being the best-in-class energy performing Green Mark Building that achieves at least 40 per cent energy saving based on its prevailing building code.

The development underwent a major upgrade and LogisTech's installation of solar panels at its rooftop is estimated to generate over 2,000 megawatt hour (MWh) of energy per year. The energy generated onsite will be used to power the building. In total, the SLE building is expected to save over 3,900 MWh each year, CapitaLand noted.

Andrew Lim, group chief financial officer of CapitaLand group, said: "CapitaLand's continued efforts in sustainable finance shows our strong dedication to responsible growth. With the latest $400 million in green loans, CapitaLand and our Reits have raised in excess of $1.32 billion through sustainable finance.

"It is heartening to have like-minded banking partners in DBS and HSBC, who continue to share our long-term commitment towards sustainability, regardless of the challenges stemming from the Covid-19 situation."

 

[beano]

Guys, any idea what happen to this year's dividends? When is the XD? Usually it during this time.

 

[Shion]

CapitaLand gets S$500m sustainability-linked loan; Ascott to redesign serviced residences

CapitaLand gets S$500m sustainability-linked loan; Ascott to redesign serviced residences

https://www.businesstimes.com.sg/co...ility-linked-loan-ascott-to-redesign-serviced

CAPITALAND has obtained a four-year S$500 million sustainability-linked bilateral loan from United Overseas Bank, the group said in a regulatory update on Thursday.

The property giant will be able to use loan proceeds for general corporate purposes, as the sustainability-linked loan is tied to its environmental, social and governance (ESG) performance as a group and not any specific project or property.

CapitaLand will also get interest savings if it maintains or improves its rating on the Global Real Estate Sustainability Benchmark, an ESG benchmark for real estate and infrastructure investments across the world.

CapitaLand group chief financial officer Andrew Lim said the group continues to step up its ESG efforts and sustainable finance as they have delivered tangible returns.

"Through the sustainability-linked loans, CapitaLand has been able to capitalise on our achievements in ESG and add resilience to our capital position," he said.

Notwithstanding the current economic climate, CapitaLand has raised S$1.5 billion in 2020 through sustainable finance, Mr Lim added.

The developer separately announced on Thursday that The Ascott Limited, its wholly-owned lodging business unit, will review the design of its lodging products and services. The move will allow Ascott's serviced residences to further tap the work-from-home trend which emerged as a result of the global Covid-19 pandemic.

Ascott is looking at upgrading its design to create a more productive workspace within the serviced apartment. This includes overall improvements to the ergonomics of workspaces which may include better task lighting, better use of space and appropriate wall features suited for videoconferencing or webcasting.

It may also further deploy digital solutions and technologies to provide convenience, value and safety for guests, such as the use of sensors at its properties, and smarter room energy and water management.

Having sensors will allow Ascott to conduct thermal scanning or track footfall and crowds to facilitate better safe-distancing measures.

In addition, Ascott will increase the adoption of mobile technology through the launch of a new mobile app later this year. The app will offer guests contactless services, and also in-room service and smart controls.

The mobile app will also allow guests to manage their Ascott Star Rewards loyalty points or redeem special flash deals.

Safe distancing in shared spaces and increased sanitisation will be part of the new normal, said Alfred Ong, Ascott's head of global operations.

CapitaLand shares ended flat at S$2.90 on Wednesday.

 

[addict951]

Guys, any idea what happen to this year's dividends? When is the XD? Usually it during this time.

They proposed in the final year report after that no sound no pikture liao.
12c CD was originally planned.

<edited>
The AGM/EGM must be held for the resolution to be passed. This part is stuck.
Must wait until 02 June when everything opens up.

 

[addict951]

https://www.theedgesingapore.com/ca...kerage-upgrades-real-estate-sector-overweight

Property
Felicia Tan 2/06/2020, 11:21am
SINGAPORE (June 2): While Covid-19 has affected the outlook of Singapore’s residential sector, RHB analyst Vijay Natarajan believes the market might see a price correction instead of a collapse.

This is due to low interest rates, lesser room for developers to cut prices on limited margins, and sufficient policy buffers, he says in a May 29 report.

Over the last 10 years, the Singapore government has been trying to keep the republic’s property market stable with several rounds of cooling measures including higher Additional Buyer’s Stamp Duty (ABSD) rates and tighter loan limits. The most recent measure was imposed on July 2018.

However, owing to the recent pandemic, the government has announced temporary relief measures such as extending ABSD deadlines by six months. Looking ahead, Natarajan believes that the government is likely to further moderate land supply via government land sales, as well as a possible extension to ABSD remission deadlines, or even lowered ABSD rates for locals.

With higher land costs due to competition and increased construction costs, developers will find that there is less room to cut prices. Natarajan foresees more soft discounts arising from developers instead of outright cuts.

Key interest rates, which are currently at historic lows due to the injected liquidity from the central bank, are likely to remain low owing to the declined SIBOR rate.

Buying demand in the market over the past few years have been largely local-driven, with limited speculative buying; the average loan-to-value (LTV) ratios of housing loans have fallen to 49% in 3Q19, compared to the high of 54% in 2017.

The number of unsold units declared in 1Q20 has declined to 31,099 units, compared to 1Q19’s peak of 38,710 units, and overall vacancy rates have dipped to 5.4%.

Overall, Natarajan expects a 5-10% correction in property prices, and a 30-40% decline in private residential volumes for 2020.

With developer stocks trading at an attractive 40-60% discounts to RNAV, Natarajan has upgraded the real estate sector to “overweight” from “neutral”.

He has “buy” calls on APAC Realty, CapitaLand, City Developments, and Oxley, with target prices of $0.60, $4, $9.50, and $0.29 respectively. CapitaLand remains his preferred pick with a target price of $4.

As at 11.41am, APAC Realty shares are changing hands 2.7% up at 38.5 cents; CapitaLand shares 2.4% up at $3.04; City Developments 1.1% up at $8.18; and Oxley flat at 24 cents.

 

[Shion]

CapitaLand proposes scrip dividend scheme, opens star attraction at China mall

CapitaLand proposes scrip dividend scheme, opens star attraction at China mall

https://www.businesstimes.com.sg/co...nd-scheme-opens-star-attraction-at-china-mall

PROPERTY giant CapitaLand has proposed a scrip dividend scheme which will allow shareholders to receive their cash dividends in the form of new shares.

The scheme will allow shareholders to participate in the company's shares without incurring brokerage fees, stamp duty and other related costs, CapitaLand said in a regulatory update on Friday.

The cash used to pay out the dividends will be retained to fund the growth and expansion of the company and its subsidiaries while strengthening its working capital position. The new share issue will also enlarge the company's share capital base.

To facilitate the proposed scrip dividend scheme's implementation, CapitaLand is proposing its existing constitution be amended to include a new article.

The new article - 133A - will be set out in a letter to shareholders to be issued on June 5, together with the company's notice of its annual general meeting. This is to seek shareholder approval for the proposed constitution amendment.

In a separate announcement on Friday, CapitaLand said it has opened the 250-metre high Exploration Deck Viewing Gallery at its Raffles City Chongqing shopping mall in China. The Exploration Deck is a star feature of the mall's enclosed skybridge called The Crystal.

The Crystal is connected to six of Raffles City Chongqing's eight skyscrapers, comprising four 250-metre tall skyscrapers at its base and two adjacent skyscrapers by cantilever bridges.

The developer said that almost all available tickets - 3,000 daily - were snapped up during the star feature's opening weekend.

The Exploration Deck has a glass-bottom deck which CapitaLand said is the highest of its kind in Western China and boasts a 270-degree panoramic view of Chongqing's skyline.

Raffles City Chongqing is located on historic site Chaotianmen, which overlooks the confluence of the Yangtze and Jialing rivers in Yuzhong District. The mall is CapitaLand's single largest development in China at 24 billion yuan (S$4.8 billion).

CapitaLand shares closed at S$3.14 on Thursday, down S$0.06 or 1.9 per cent.

 

[Shion]

Ascott achieves 139% y-o-y growth with contracts secured for record 25 new properties globally amid

Ascott achieves 139% y-o-y growth with contracts secured for record 25 new properties globally amid pandemic

https://www.theedgesingapore.com/ne...cts-secured-record-25-new-properties-globally

SINGAPORE (June 17): CapitaLand’s wholly-owned lodging business unit The Ascott Limited announced that it has secured contracts for 25 new properties with over 5,400 units across 19 cities around the world on Wednesday.

This is the largest number of new properties Ascott has secured within the first five months of any year. The contracts have brought a 139% y-o-y increase in the number of units compared to the same period in 2019.

The 25 new properties, which are secured under management contracts, franchise contracts and a lease, expands Ascott’s geographical reach into four major new cities in China, Indonesia, and Morocco.

Through the new contracts, Ascott will also further strengthen its presence in key cities such as Shanghai, Surabaya, Batam, and Manila.

Ascott has also signed its first rental housing property in Shanghai, China. The segment taps on the growing demand from young, mobile workers as well as returning students from abroad who are looking to rent quality fully furnished homes in the tier one and tier two cities on a long-term basis in China.

In 2Q20, a quarter of Ascott’s properties in China have achieved occupancy rates of over 70%.

The properties will open in phases between 2020 and 2024.

In 2020 alone, Ascott opened six new properties in Singapore, China’s Changsha and Tianjin, Australia’s Gold Coast, Japan’s Osaka, and Tours in France.

“Ascott’s record signing of 25 new properties globally despite the challenges of COVID-19 demonstrates that our partners recognise the resilience of our lodging products and the value Ascott brings as one of the leading international lodging owner-operators,” says Kevin Goh, CapitaLand’s CEO for Lodging and Ascott’s CEO.

“We have a strong base of long-stay guests who appreciate the comfort of our spacious apartments where they can live and work. This has enabled our serviced residences globally to maintain robust average occupancy rates. We have already taken steps to ready Ascott to be the accommodation of choice in a post COVID-19 landscape and will continue to cement Ascott’s position as a dominant lodging player and deliver more value for our guests and business partners,” he adds.

“Ascott remains confident in China’s long-term growth and will continue to seek good investment and partnership opportunities to expand our footprint. Since May 2020, Ascott has fully resumed operations of our properties in mainland China and we are seeing encouraging signs of recovery driven by the country’s strong domestic demand,” says Tan Tze Shang, Ascott’s managing director and head of business development for China.

“With the implementation of green lanes between China and other countries such as Singapore and Korea, we expect demand for our properties to pick up pace as international travel gradually resumes,” he adds.

Shares in CapitaLand closed 7 cents higher, or 2.4% up, at $3.03 on Tuesday, prior to the announcement.

 

[limster]

On current prices, I am actually favouring Capitaland over its REITs. The Capita REITs seem a bit.. pricey.. compared to Capitland itself.

I have been accumulating whenever it is under $3. My last purchase was $2.97 on Monday.

 

[mycashewhouse]

I bought at 3.07 n then 2.93 again

On current prices, I am actually favouring Capitaland over its REITs. The Capita REITs seem a bit.. pricey.. compared to Capitland itself.

I have been accumulating whenever it is under $3. My last purchase was $2.97 on Monday.

 

[NewInvestor]

On current prices, I am actually favouring Capitaland over its REITs. The Capita REITs seem a bit.. pricey.. compared to Capitland itself.

I have been accumulating whenever it is under $3. My last purchase was $2.97 on Monday.

I like their REITs better because REITs business model is simple and largely predictable. Capitaland got all kinds of businesses; hard to predict whether they will do well in the long term.

 

[Shion]

Blackrock becomes new substantial shareholder at CapitaLand

Blackrock becomes new substantial shareholder at CapitaLand

https://www.theedgesingapore.com/ne...ecomes-new-substantial-shareholder-capitaland

SINGAPORE (June 18): BlackRock Inc., the world’s largest asset manager, has become a substantial shareholder at CapitaLand Limited on Tuesday (June 16).

In a Thursday filing, BlackRock acquired over 7.5 million shares due to an increase in collateral. According to the filing, no money was exchanged.

This brings BlackRock’s total stake in CapitaLand Limited to over 253.2 million shares, or a 5.01% stake. The asset manager previously held 4.86%. A disclosure of shareholders’ interest is necessary when an investor’s stake in a particular company reaches 5% and above.

Under section 4 of the Securities and Futures Act (Cap. 289), BlackRock and its subsidiaries are considered to be interested persons in the shares.

Shares in CapitaLand closed 5 cents lower, or 1.7% down, at $2.97 on Thursday.

 

[发哨子2020]

Lower yield than its reits ,so I have skipped Capitaland for years .
But very impressed by its Hangzhou mall .
Have yet to see its latest ChongQing ‘MBS’ mall.

I like their REITs better because REITs business model is simple and largely predictable. Capitaland got all kinds of businesses; hard to predict whether they will do well in the long term.

 

[netzach]

Quite like this guy.
Would be good to grab some too.

ضمیر HardwareZone Forums app

 

[netzach]

https://links.sgx.com/FileOpen/_BlackRock_Form 3_06.18.20_final.ashx?App=Announcement&FileID=619915

Sold off already, BlackRock.
They’re trading and not Long term investors.

Blackrock becomes new substantial shareholder at CapitaLand

https://www.theedgesingapore.com/ne...ecomes-new-substantial-shareholder-capitaland

SINGAPORE (June 18): BlackRock Inc., the world’s largest asset manager, has become a substantial shareholder at CapitaLand Limited on Tuesday (June 16).

In a Thursday filing, BlackRock acquired over 7.5 million shares due to an increase in collateral. According to the filing, no money was exchanged.

This brings BlackRock’s total stake in CapitaLand Limited to over 253.2 million shares, or a 5.01% stake. The asset manager previously held 4.86%. A disclosure of shareholders’ interest is necessary when an investor’s stake in a particular company reaches 5% and above.

Under section 4 of the Securities and Futures Act (Cap. 289), BlackRock and its subsidiaries are considered to be interested persons in the shares.

Shares in CapitaLand closed 5 cents lower, or 1.7% down, at $2.97 on Thursday.

ضمیر HardwareZone Forums app

 

[addict951]

https://links.sgx.com/FileOpen/_BlackRock_Form 3_06.18.20_final.ashx?App=Announcement&FileID=619915

Sold off already, BlackRock.
They’re trading and not Long term investors.

ضمیر HardwareZone Forums app

What do you understand from the announcement ar?

 

[发哨子2020]

$2.90 .
Analists always have high TP for it over the years but ........

 

[yoongmy]

it drop out from the short term up trend tunnel, hope it can goes back in this week. if not it will continue swing or down.

 

[LetHerGo]

Dividend coming soon! Ours should be dividend and not cash option right?

 

[pcmdan]

Dividend coming soon! Ours should be dividend and not cash option right?

Cash Option

https://www.sgx.com/securities/equities/C31

Payment: 28 Aug 20

Vested

 

[Squaredot]

Cash Option

https://www.sgx.com/securities/equities/C31

Payment: 28 Aug 20

Vested

finally the dividends are coming very late this year