CapitaLand

New business structure enables CapitaLand to deploy capital more effectively

SINGAPORE (July 16): CapitaLand completed its merger with Ascendas-Singbridge (ASB) on June 30. The group acquired all the shares in two ASB subsidiaries from Temasek for $6 billion, to create the largest diversified property group in Asia.

See: Singbridge in $11 bil deal to create Asia’s largest diversified real estate group

Ascott expands global presence with 26 new properties across 22 cities

SINGAPORE (July 15): CapitaLand’s lodging business unit, The Ascott Limited, has signed contracts with 26 properties with over 6,000 units across 22 cities and 11 countries.

The properties, which will open in phases from 2019 to 2023, are mostly signed under management contracts, with three on franchise agreements.

This brings the number of contracts secured to date this year by Ascott to over 40 properties with more than 8,000 units, an increase of over 40% in units compared with the same period in 2018.

CapitaLand sells stake in HK-listed Central China Real Estate for $496 mil

SINGAPORE (July 2): CapitaLand announced is selling its entire 24.09% stake in Hong Kong-listed Central China Real Estate (CCRE) to Joy Bright Investments, an existing shareholder of CCRE.

Targeted for completion in 3Q2019, the divestment amounts to a total of HK$2,831 million ($496 million), denoting an equivalent to HK$4.30 ($0.75) per share.

CapitaLand's Funan achieves 95% committed occupancy for retail component ahead of opening

SINGAPORE (June 25): The fully revamped Funan, Singapore’s first omnichannel shopping mall, has secured 95% committed occupancy for its retail component ahead of its Friday opening, bringing the total number of brands to more than 190.

Some of the mall’s newly signed tenants include Taobao, which will provide consumers with an integrated online-and-offline shopping experience, offering a wide range of products including furniture, household items, textiles, fashion and more.

SGX-listed companies should give investors clearer picture in their disclosure documents

SINGAPORE (June 24): As an investor, I tend to look at corporate deals from the perspective of what it immediately means for a company’s shares. So, when CapitaLand announced its acquisition of Ascendas-Singbridge from Temasek Holdings in January, the aspect of the transaction that jumped out at me wasn’t that CapitaLand was expanding its footprint into new geographical markets and gaining exposure to properties that would benefit from “new economy trends” like e-commerce.

Right timing: Upside momentum intact for STI and blue chips

SINGAPORE (June 21): Here are three charts for our technical analysis this week:

STI with moving averages and momentum

Upward momentum continues as volume expanded on the continued rise in the Straits Times Index over the past five trading sessions. At 3,321, the index has moved above its flattish 50-day moving average at 3,260 and a resistance level of 3,264.

Largest Singapore M&A deal done in 1H2019, but bankers earned lower amount of fees than before

SINGAPORE (June 24): The total value of merger and acquisition deals involving Singapore entities surged in the first half of this year, boosted by what is by far Singapore’s largest deal ever: the sale of Global Logistic Properties’ US logistics assets to Blackstone Group for US$18.7 billion ($25.4 billion). In total, some US$59.4 billion worth of M&A deals were transacted in the first half of this year alone. That is 64% more than the same period the year before, according to data from Refinitiv. However, investment bankers collected lower fees during the period.

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SGX-listed companies should give investors clearer picture in their disclosure documents

SINGAPORE (June 24): As an investor, I tend to look at corporate deals from the perspective of what it immediately means for a company’s shares. So, when CapitaLand announced its acquisition of Ascendas-Singbridge from Temasek Holdings in January, the aspect of the transaction that jumped out at me wasn’t that CapitaLand was expanding its footprint into new geographical markets and gaining exposure to properties that would benefit from “new economy trends” like e-commerce.

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CRCT says acquisitions will all be accretive to distributable income

SINGAPORE (June 14): CapitaMall Xuefu and CapitaMall Aidemengdun in Harbin, Heilongjiang province, and CapitaMall Yuhuating in Changsha, Hunan province are three malls that CapitaLand Retail China Trust plans to acquire from CapitaLand, subject to unitholders’ approval in an extraordinary general meeting.

Indeed, unless unitholders have visited the properties, some may have difficulty recalling the names of CRCT’s 11 malls in China.

CapitaLand's merger with Ascendas-Singbridge to herald new growth era: DBS

SINGAPORE (May 27): DBS Group Research believes CapitaLand’s (CAPL) merger with Ascendas-Singbridge (ASB) will herald a new era of growth for the property group.

See: CapitaLand and Ascendas-Singbridge in $11 bil deal to create Asia’s largest diversified real estate group

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