Capitaland Ltd (C31)

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Below is the analysis on Capitaland basis the updated framework. https://www.investwhizz.com/stock/

 

Share Price when postedShort Term ViewLong Term ViewCurrent Share Price
3.62FA & TA BullishTA Bullish

FA Bullish
SGX:C31: (%)

 

Capitaland Ltd develops, owns, and manages real estate properties in Singapore, China, other Asian countries, Europe, and internationally. The company’s real estate portfolio includes integrated developments, shopping malls, serviced residences, offices, and homes. It also engages in investment management activities; and owns and manages real estate investment trusts and funds.

 

Fundamental analysis:

  1. Business segment:

Singapore and China remained CapitaLand core market.

Singapore: About 80% of the group’s total assets and approximately 84% of the group’s EBIT in 2016. While we are aware that Singapore market have been slow, we can see that the take up rate for bigger projects are considered to be healthy,

 Singapore residential Project   Total Units   Sold as of Dec 16   % sold 
 d’Leedon      1,715    1,649 96%
 The Interlace      1,040    1,004 97%
 Sky Vue          694       685 99%
 Bedok Residence          583       573 98%
 Sky Habitat          509       381 75%
 Cairnhill Nine          268       220 82%
 The Orchard Residences          175       170 97%
 Marine Blue          124          37 30%
 Victoria Park          109          19 17%

Development work @ Jewel Changi Airport expected to open in year 2019.

 

China: Cooling measures implemented in Oct 2016 to discourage speculative in residential market. We see this move to stabilize the market in the long run which is good for investor (in contrast to huge volatility of prices)

Vietnam (New growth market). CapitaLand target their business in Vietnam contribution at least S$100m to Group PATMI by 2020.

 

2. Management

Ng Kee Choe, 72 Chairman

Appointed: 16April 2010

Background/working experience: Vice-Chairman of DBS Group Holdings Ltd (DBS) 33 years of service-Retired

 

Lim Ming Yan, 54 President & Group Chief Executive Officer

Appointed: 1Jan2013

Background/working experience:

Chief Operating Officer of CapitaLand Ltd(From May 2011-Dec 2012)

CEO of the Ascott Limited (From Jul 2009 to Feb 2012)

CEO of CapitaLand China Holdings PL (From Jul 2000 to Jun 2009)

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