CapitaLand

Broker's Calls

Singapore's property sector 'overweight' under review by UOB on tapering residential supply

SINGAPORE (Dec 7): UOB KayHian is putting its “overweight” call for Singapore’s property sector under reviewing given the tapering of 1H19 GLS residential supply to prevent a glut.

Broker's Calls

CapitaLand kept at 'buy' at higher $4.40 target by UOB on latest acquisitions, Jewel Changi updates

SINGAPORE (Dec 3): UOB KayHian is maintaining its “buy” on CapitaLand with a higher target price of $4.40, pegged to a 20% discount to its revised RNAV.

Disruption and Digitalisation

Singapore malls try big gambit before online shopping catches on

(Nov 24): Online shopping in Singapore is lacklustre even after Amazon Inc debuted its Prime service in mid-2017. The island’s malls are trying hard to keep it that way.

Property

Ascott boosts pipeline through alliance with Indonesian developer Ciputra

SINGAPORE (Nov 19): The Ascott, CapitaLand’s lodging business unit, has formed a strategic alliance with Ciputra Development Group, one of Indonesia’s top property developers.

Broker's Calls

CapitaLand kept at 'buy' on active recycling of geographically diversified portfolio and earnings visibility

SINGAPORE (Nov 16): RHB Research and OCBC Investment Research are maintaining CapitaLand at “buy” after 3Q18 numbers came in line with expectations.

M&A

CapitaLand's RCCIP III fund in JV with GIC to acquire Shanghai's tallest twin towers for $2.54 bil

SINGAPORE (Nov 13): CapitaLand announced that its third integrated development private investment vehicle in China, Raffles City China Investment Partners III (RCCIP III), has formed a 50:50 joint venture (JV) with Singapore’s sovereign wealth fund GIC

Disruption and Digitalisation

CapitaLand launches new retail concept store at Plaza Singapura

SINGAPORE (Nov 8): CapitaLand today announced the opening of NomadX: a double-storey, 11,000 sqft multi-label concept store at Plaza Singapura that puts forth “a new blend of physical and digital experience” with a combination of olfactory, audio-visu

Property

CapitaLand hits record RMB2 bil in China home sales for Oct

SINGAPORE (Nov 7): CapitaLand in October saw a total of four residential launches in China worth RMB2 billion ($396.7 million), its highest home sales value in the country over a 30-day period this year.

Results

Ascott REIT posts 8% higher 3Q DPU of 1.82 cents on revenue growth

SINGAPORE (Nov 1): The manager of Ascott Residence Trust (Ascott REIT) has reported 3Q18 distribution per unit (DPU) of 1.82 cents, rising 8% from 1.69 cents in 3Q17 on higher revenue.  

Results

CapitaLand Retail China Trust announces 3Q DPU of 2.41 cents on higher distributable income

SINGAPORE (Oct 30): The manager of CapitaLand Retail China Trust (CRCT) has announced a 3Q18 DPU of 2.41 cents after accounting for an enlarged unit base, post CRCT’s Dec 2017 private placement to finance its joint acquisition of Rock Square.
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