CapitaMall Trust

[junming82]

Capitamall trust has succeeded in bringing back the crowd and improve the tenants mixed in Bugis+ (renamed from Iluma). Beside Bugis+, it has also done Asset Enhancing Improvement (AEI) at other malls such as JCube and Atrium @ Orchard in Year 2012. Furthermore with the completion of Westgate mall in Jurong East in end 2013, Capitamall Trust might be a good stock to own. Furthermore it is undervalued as recommended by OCBC recently. Details of the article can be found at my blog.
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Disclaimer: This is not a buy or sell stock tip. Please do your own research.
Value investing blog: http://valuestocksinvesting.blogspot.sg/

[kayhian]

good upside expected .... all the renovations done on the malls is money well-spent .... who wants to shop in run-down malls thesedays?

when the mall in bedok central is ready, CMT will rocket to the sky

[a74henry]

What is the distribution/dividend yield for this stock?

(Not vested)

[junming82]

The distribution yield is 4.339%. For those interested to know more information on Capitamall Trust, its history, the malls which is held in the REIT and why it is recommended by OCBC as an undervalued play, you may refer to my blog
________________________________________________________________________________​__________________________________
Disclaimer: This is not a buy or sell stock tip. Please do your own research.
Value investing blog: http://valuestocksinvesting.blogspot.sg/

[Musicwhiz]

The distribution yield is 4.339%. For those interested to know more information on Capitamall Trust, its history, the malls which is held in the REIT and why it is recommended by OCBC as an undervalued play, you may refer to my blog

The yield does not seem compelling. I've visited your blog but it points me to a UOBKH report.

It would be interesting to know your personal views on CMT. What is its gearing level and how would this be a value play?

Thanks.

[jim_city]

recently sold off all my holdings in CMT @ 2.17 as i thought it was getting overvalued... haha... it was one of the darlings of my portfolio and i was afraid i had fallen too much in love with it over the past 4 years...

looking back, maybe i have acted too quickly... ^_^

[kayhian]

recently sold off all my holdings in CMT @ 2.17 as i thought it was getting overvalued... haha... it was one of the darlings of my portfolio and i was afraid i had fallen too much in love with it over the past 4 years...

looking back, maybe i have acted too quickly... ^_^

nothing wrong with taking profit too early. just make sure u dont dive back in too early

[junming82]

Hi Music whiz,

There are 2 posts on Capitamall Trust on my blog. The UOB KH report attached was published in my latest post.

1. http://valuestocksinvesting.blogspot.sg/...trust.html (S-REITs: Capitamall Trust - Stability and Sustainability)
UOB KH report is referenced in this post

2. http://valuestocksinvesting.blogspot.sg/...ue-at.html
OCBC report is referenced in this post

[kayhian]

Stability and Sustainability is key to long-term investment.

Buy only on dips

[swakoo]

The grandfather reits which are very liquid (cmt - blue, areit - green, suntec - purple, cct - yellow) have all been trending up together in recent days on high volumes (which from time to time they do together up or down). Wonder if this recent trend is indirectly due to actions of the latest member of the troika (bernanke, draghi, kuroda)?

[Image: z?s=C38U.SI&t=1y&q=l&l=off&z=l&c=A17U.SI...&region=US]

Admittedly, cmt is a real laggard in the past year probably because of poor dpu growth due to:
1) plenty of downtime associated with AEIs at Bugis+ and Atrium
2) downtime due to repositioning at IMM
3) funding of cmt's share of westgate mall and office development at jurong east
4) management's decision to retain distribution from CRCT permanently for working capital and general corporate purposes
5) yield dilutive private placement done in Nov 2012

Since
1) AEIs already completed by Nov 2012
2) repositioning nearly done, end May 2013
3) westgate mall targeted to open end 2013
the degree of success of these endeavors will determine if dpu growth becomes more healthy this year - we will get the first inkling next friday when 1Q results are released.