C31.SI - CapitaLand Limited

SES - SES Delayed Price. Currency in SGD
3.2700
0.0000 (0.00%)
At close: 5:04PM SGT
Stock chart is not supported by your current browser
Previous close3.2700
Open3.2700
Bid3.27 x 0
Ask3.28 x 0
Day's range3.2500 - 3.3000
52-week range2.9800 - 3.8800
Volume4,837,800
Avg. volume6,534,320
Market cap13.657B
Beta (3Y monthly)0.91
PE ratio (TTM)9.59
EPS (TTM)0.34
Earnings date11 Feb 2019 - 15 Feb 2019
Forward dividend & yield0.12 (3.64%)
Ex-dividend date2018-05-08
1y target est4.07
  • CapitaLand Mall Trust posts 3.1% increase in 4Q DPU to 2.99 cents
    The Edge Singapore14 hours ago

    CapitaLand Mall Trust posts 3.1% increase in 4Q DPU to 2.99 cents

    SINGAPORE (Jan 23): The manager of CapitaLand Mall Trust (CMT) announced that its 4Q18 DPU has increased by 3.1% to 2.99 cents, compared to 2.90 cents in 4Q17. This brings the DPU for FY18 to 11.50 cents, 3.0% higher than 11.16 cents in FY17. Distributable income to unitholders was 5.1% higher in 4Q18 at $108.1 million from $102.9 million last year. Gross revenue for the quarter came in at $180.5 million, 4.7% higher than $172.4 million a year ago, with higher contribution from the trust’s gross rental income and other income, but partially offset by lower car park income. This increase in revenue was mainly attributable the acquisition of Infinity Mall Trust (IMT), completed on Nov 1, 2018. IMT is now a subsidiary of CMT and its results are consolidated at CMT Group. The increase was also due to higher other income as well as higher gross rental income from IMM and Bedok Mall. The increase was partially offset by lower gross revenue from Sembawang Shopping Centre which was divested on June 18, 2018 and lower occupancy for JCube, Lot One Shoppers’ Mall and Clarke Quay. Property operating expenses increased by 5.4% y-o-y to $56.0 million, bringing net property income of 4Q18 to $124.4 million, 4.3% higher than $119.3 million in the previous year. Finance costs was 3.3% higher y-o-y at $27.0 million, mainly due to interest on IMT’s bank borrowings which was consolidated at CMT Group after the acquisition and term loans drawn down to part finance the acquisition. But partially offset by repayment of bank borrowing in Jan 2018 and refinancing of EMTN of US$400 million in Mar 2018 at lower interest rates. The loans were partially repaid with net proceeds from divestment of Sembawang Shopping Centre in June 2018 and MTN issuances at lower interest rates in FY18. During the quarter, the trust spent $8.98 million in costs associated with acquisition of subsidiary, which was absent last year. However, CMT saw a 54.6% y-o-y increase in share of results (net of tax) of joint ventures to $16.7 million. Adj Professor Richard R Magnus, chairman of the manager, says, “Cognisant of the challenges ahead – which include slowdown in the global and Singapore economies, uncertainty in the interest rate environment and competition from the completion of new shopping malls – we remain vigilant and will continually explore new ways to differentiate our malls from the competition and increase customer engagement.” Units in CMT last traded 1 cent higher at $2.27 on Tuesday.

  • Motley Fool5 days ago

    The Weekly Nibble: Starter Stock for New Investors

    What investors should know CapitaLand Limited’s (SGX: C31) valuation and more.

  • Pushing the space frontiers
    EdgeProp5 days ago

    Pushing the space frontiers

    On Jan 14, CapitaLand announced that it is acquiring all the shares in two wholly-owned intermediate subsidiaries of Ascendas-Singbridge (ASB), which is in turn a subsidiary of Temasek. The acquisition, valued at $11 billion, will make CapitaLand the largest diversified real estate group in Asia.

  • Motley Fool5 days ago

    Singapore’s Top 5 Blue-Chip Shares with the Highest Dividend Yields

    Here are Singapore's top five blue chips with the highest dividend yields.

  • Reuters8 days ago

    SE Asia Stocks-Most rise on China stimulus hopes

    * Singapore leads gains in region with 1.2 pct jump * Indonesia shrugs off wider-than-expected trade gap By Shreya Mariam Job Jan 15 (Reuters) - Most Southeast Asian stock markets recovered on Tuesday, ...

  • Analysts keep CapitaLand at 'buy' on Ascendas-Singbridge subsidiaries acquisition
    The Edge Singapore8 days ago

    Analysts keep CapitaLand at 'buy' on Ascendas-Singbridge subsidiaries acquisition

    SINGAPORE (Jan 15): CapitaLand on Monday announced it is acquiring all the shares in two subsidiaries of Ascendas-Singbridge (ASB) from Temasek for $11 billion to create the largest diversified property group in Asia. Analysts are maintaining a positive view on this transaction, with DBS Group Research calling a “buy” on CapitaLand with a target price of $3.62. The widening of CapitaLand’s scope to include more “new economy” real estate sectors in the business parks and sectors could make the overall group more “future proof” as it navigates through the new world.

  • The Wall Street Journal9 days ago

    [$$] Singapore’s CapitaLand Buys Real-Estate Firm for More Than $4 Billion

    SINGAPORE—CapitaLand Ltd. said it would buy another real-estate company from Singapore state investment firm Temasek Holdings Pte. for more than US$4 billion dollars. On Monday, CapitaLand said it would buy Ascendas-Singbridge Pte. from Temasek for 6.04 billion Singapore dollars (US$4.44 billion) in a cash-and-stock deal. CapitaLand says the deal will create Asia’s largest property group with assets worth US$86 billion.

  • Motley Fool9 days ago

    CapitaLand Limited to Buy Ascendas-Singbridge in S$11 Billion Deal

    CapitaLand Limited (SGX: C31) is gunning for growth with an S$11 billion deal to acquire Ascendas-Singbridge.

  • CapitaLand bets on new markets with S$6 billion Temasek real estate deal
    Reuters9 days ago

    CapitaLand bets on new markets with S$6 billion Temasek real estate deal

    Singapore's CapitaLand is forking out S$6 billion (£3.4 billion) to scoop up logistics and industrial assets from state investor Temasek, in a deal the developer said would create Asia's largest real estate investment manager. CapitaLand will buy the holding companies of the business of the Ascendas-Singbridge Group, which manages Ascendas Real Estate Investment Trust , Ascendas India Trust and Ascendas Hospitality Trust , for cash and stock. Ascendas-Singbridge also manages private funds.

  • EdgeProp9 days ago

    CapitaLand to acquire Ascendas-Singbridge in $11 bil deal

    CapitaLand is acquiring all the shares in two wholly-owned intermediate subsidiaries of Asendas-Singbridge (ASB), a subsidiary of Temasek. The acquisition, valued at $11 billion, will make CapitaLand the largest diversified real estate group in Asia, according to the group in a press statement on Jan 14. The proposed transaction is subject to approval by CapitaLand’s independent shareholders at an extraordinary general meeting, to be convened by 1H2019. Post-transaction, CapitaLand will be a behemoth with combined total assets under management (AUM) of more than $116 billion. The expanded portfolio will cover a wide spectrum of the real estate industry – from logistics/business parks, industrial, lodging, commercial, retail to residential. Its geographical presence will span 180 cities across 32 countries. In addition, the group will leapfrog CapitaLand’s Year 2020 AUM target of $100 billion, putting it among the top 10 real estate investment managers globally. The group will also manage three of the largest real estate investment trusts (REITs) listed on the Singapore Exchange, namely Ascendas Real Estate Investment Trust (Ascendas Reit), CapitaLand Mall Trust (CMT) and CapitaLand Commercial Trust (CCT). Under the terms of the agreement, Temasek will effectively receive $6 billion, which will be satisfied 50% in cash ($3 billion) and 50% in new CapitaLand shares ($3 billion). Temasek’s ownership of CapitaLand will increase from about 40.8% to about 51.0% upon the close of the transaction. As the transaction will trigger an obligation on Temasek to make a mandatory general offer for the shares in CapitaLand which it does not own, a whitewash resolution will be tabled at the EGM to seek the approval of CapitaLand shareholders to waive their right to receive the offer from Temasek. ASB is Asia's leading provider of business space solutions. Headquartered in Singapore, ASB’s business presence spans 11 countries including Singapore, China, India, Australia, the UK and the US. Over 80% of ASB’s $23.6 billion AUM is in business space, with more than half ($12.4 billion) in new economy sectors of logistics/business parks and data centres. Flagship projects include Singapore Science Park and Changi Business Park in Singapore, International Tech Park Bangalore and International Tech Park Chennai in India, as well as Dalian Ascendas IT Park and Singapore Hangzhou Science and Tech Park in China. In Singapore, the combined entity’s AUM will grow by 40%, while in China, it will increase by 9%. The value of the group’s properties in Singapore will be worth $38.6 billion or 33% of the total AUM. Over 100 properties in logistics/business parks and data centres will be added to the portfolio and these are expected to drive the group’s growth in the future. ASB has already built up a $2.6 billion AUM exposure in India’s business space sector and launched a-iTrust as an established vehicle to own income-producing business space assets in India. In Vietnam, ASB’s OneHub Saigon, a 12ha business park development in Ho Chi Minh City, will also be a strategic addition to CapitaLand’s fast-growing presence in Vietnam. The transaction is expected to be completed by 3Q2019. See Also: * Singapore Property for Sale & Rent, Latest Property News, Advanced Analytics Tools * Pushing the space frontiers * CapitaLand acquires 70% of Shanghai’s Pufa Tower through JV * Next stage of CO-WORKING * CapitaLand said to be acquiring Star Harbour International Center project in Shanghai for $2.5 bil * En Bloc Calculator, Find Out If Your Condo Will Be The Next en-bloc * HDB Resale Flats Up For Sale, Affordable Units Available

  • Singapore's CapitaLand in $8 bn deal creating Asia property giant
    AFP News9 days ago

    Singapore's CapitaLand in $8 bn deal creating Asia property giant

    Singapore's CapitaLand said Monday it has agreed to buy two real estate holding firms in a Sg$11 billion ($8.1 billion) deal that will create Asia's biggest property group with assets in dozens of countries. Under the agreement, CapitaLand will acquire two units from a subsidiary of state investment firm Temasek. If approved, the new entity will have assets under management of more than Sg$116 billion, including businesses, industrial parks, hotels, commercial, retail and residential properties in over 30 countries.

  • AFP9 days ago

    Singapore's CapitaLand in $8 bn deal creating Asia property giant

    Singapore's CapitaLand said Monday it has agreed to buy two real estate holding firms in a Sg$11 billion ($8.1 billion) deal that will create Asia's biggest property group with assets in dozens of countries. Under the agreement, CapitaLand will acquire two units from a subsidiary of state investment firm Temasek. If approved, the new entity will have assets under management of more than Sg$116 billion, including businesses, industrial parks, hotels, commercial, retail and residential properties in over 30 countries.

  • CapitaLand Commercial Trust to maintain positive rental reversions in 2020: UOB
    The Edge Singapore9 days ago

    CapitaLand Commercial Trust to maintain positive rental reversions in 2020: UOB

    SINGAPORE (Jan 14): UOB Kay Hian is maintaining its “buy” call on CapitaLand Commercial Trust (CCT), while raising its target price to $2.11 from $2 previously after fine-tuning 2018-20F DPU by –3 to 1% upon adjusting rental assumptions. This comes as the research house now expects positive rental reversions for Asia Square Tower 2 in 1H19 with improved occupancy due to The Work Project Kingdom (TWPK) – a 50:50 co-working joint venture between CCT’s sponsor CapitaLand and The Work Project – leasing 41,000 sf at the property, with contributions estimated to kick in from Jan 2019. UOB is also anticipating positive rental reversions for Capita Tower, Raffles City and CapitaGreen in the latter half of the year, especially CapitaGreen given its net lettable area (NLA) of 158,900 sf up for renewal with average rent of expiring leases at $11.07 psf in 2H19.

  • CapitaLand, Ascendas-Singbridge in S$11b deal to form Asia's largest real estate group
    Yahoo Finance Singapore9 days ago

    CapitaLand, Ascendas-Singbridge in S$11b deal to form Asia's largest real estate group

    CapitaLand, Ascendas-Singbridge in S$11b deal to form Asia's largest real estate group

  • A multibillion-dollar deal is creating one of the world's largest real estate investment managers
    CNBC9 days ago

    A multibillion-dollar deal is creating one of the world's largest real estate investment managers

    Asian real estate developer CapitaLand said it will acquire Ascendas-Singbridge, which would create one of the world's largest real estate investment managers.

  • Reuters SG9 days ago

    UPDATE 4-CapitaLand bets on new markets with $4.4 bln Temasek real estate deal

    Singapore's CapitaLand is forking out S$6 billion ($4.4 billion) to scoop up logistics and industrial assets from state investor Temasek, in a deal the developer said would create Asia's largest real estate investment manager. CapitaLand will buy the holding companies of the business of the Ascendas-Singbridge Group, which manages Ascendas Real Estate Investment Trust, Ascendas India Trust and Ascendas Hospitality Trust, for cash and stock.

  • CapitaLand and Ascendas-Singbridge in $11 bil deal to create Asia’s largest diversified real estate group
    The Edge Singapore10 days ago

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

    SINGAPORE (Jan 14): CapitaLand is acquiring all the shares in two subsidiaries of Ascendas-Singbridge (ASB) from Temasek to create the largest diversified property group in Asia. The proposed transaction is valued at $11 billion and is subject to approval by CapitaLand’s independent shareholders at an Extraordinary General Meeting (EGM), to be convened by 1H19. Once the deal is completed, the combined total assets under management (AUM) of the group will exceed $116 billion. The group’s expanded asset classes will include logistics and business parks, industrial, lodging, commercial, retail and residential. Its geographical presence will span more than 180 cities across 32 countries. In addition, the expanded group will leapfrog CapitaLand’s Year 2020 AUM target of $100 billion, putting it among the top 10 real estate investment managers globally. Under the terms of the agreement, Temasek will receive $6 billion, which will be satisfied 50% in cash and 50% in new CapitaLand shares. The shares will be priced at $3.50 per share, representing a premium of 11.3%, or $0.36, over CapitaLand’s one-month volume weighted average price of $3.1447. The consideration takes into account the adjusted net asset value of ASB, which includes the value of its fund management platform and the trading value of its three sponsored listed trusts. Temasek’s ownership of CapitaLand will increase from 40.8% to about 51.0% upon the close of the transaction. ASB is Asia's leading provider of business space solutions. Headquartered in Singapore, ASB’s business presence spans 11 countries including Singapore, China, India, Australia, the United Kingdom and the United States. Over 80% of ASB’s $23.6 billion AUM is in business spaces, more than half of which or approximately $12.4 billion, is in new economy sectors of logistics and business parks and data centres. In the existing core market of Singapore, the AUM will grow by 40% and 9% respectively. The value of the group’s properties in Singapore will be worth $38.6 billion or 33% of the group’s AUM. The value of the group’s properties in China will be worth $48.2 billion or 41% of the group’s AUM. This includes more than 60 million sf of development pipeline. ASB has already built up a $2.6 billion AUM exposure in India’s business space sector and launched a-iTrust as an established vehicle to own income-producing business space assets in India. In Vietnam, ASB’s OneHub Saigon, a 12ha business park development in Ho Chi Minh City, will also be a strategic addition to CapitaLand’s fast-growing presence in Vietnam. As the transaction will trigger an obligation on Temasek to make a mandatory general offer for the shares in CapitaLand which it does not own, a whitewash resolution will be tabled at the EGM to seek the approval of CapitaLand shareholders to waive their right to receive the offer from Temasek. The transaction is expected to be completed by 3Q19.

  • Motley Fool10 days ago

    Is CapitaLand Limited’s (SGX: C31) Share Price A Bargain Now?

    Shares of CapitaLand has fallen in 2018. Is it a bargain now?

  • ACN Newswire15 days ago

    Cushman & Wakefield successfully facilitates acquisition of Pufa Tower in Shanghai by CapitaLand

    HONG KONG, Jan 8, 2019 - (Media OutReach) - Cushman & Wakefield (NYSE:CWK - News), a leading global real estate services firm, today announced the success of its Capital Markets team in facilitating the acquisition of Pufa Tower in Shanghai by CapitaLand. Boasted as the first major investment deal of 2019, it marks the first time CapitaLand has entered the Lujiazui submarket. Pufa Tower stands amid Shanghai's notable skyline, next to the Shanghai Stock Exchange, the building faces the Century Avenue, which is known as the "dragon vein" of Pudong and runs through the CBD of Lujiazui and Bamboo Garden.

  • CapitaLand acquires 70% of Shanghai’s Pufa Tower through JV
    EdgeProp15 days ago

    CapitaLand acquires 70% of Shanghai’s Pufa Tower through JV

    CapitaLand has entered a 50:50 joint venture with an unrelated third party to acquire about 70% of Pufa Tower in Shanghai, China, for RMB2,752 million (about $546.3 million). Capitaland to acquire 70% of the 34-storey Pufa Tower in Shanghai (Credit: CapitaLand) The acquisition marks the group’s first office property in Shanghai’s core Lujiazui central business district in Pudong New Area. It will also immediately contribute to the group’s recurring income. The property has been identified as a seed asset for a value-add fund, which CapitaLand is setting up to invest in commercial real estate in key gateway cities in Asia. The 34-storey Pufa Tower has three basement carpark levels. Post-transaction, CapitaLand and its joint venture partner will own levels 8 to 19 and levels 21 to 32 with a total gross floor area (GFA) of 449,645 sq ft, as well as 61 car park lots with property title. Pufa Tower’s ground floor lobby and refuge floor on level 20 are co-owned with Shanghai Pudong Development Bank, which owns the rest of the building. “Continual high demand for quality commercial properties in China’s top tier cities, coupled with low supply, have made the renewal of ageing commercial assets a compelling investment strategy in these markets,” says Lucas Loh, president (China & Investment Management), CapitaLand Group. While Pufa Tower has not had a major renovation since its completion in 2002, the group sees potential in upgrading the asset’s specifications, tenant mix and operational efficiencies. Including Pufa Tower, CapitaLand now owns and manages 21 commercial properties in Shanghai, spanning close to 20.45 million sq ft in GFA. See Also: * Singapore Property for Sale & Rent, Latest Property News, Advanced Analytics Tools * CapitaLand to acquire Ascendas-Singbridge in $11 bil deal * Gaw Capital acquires office building in Shanghai * Next stage of CO-WORKING * CapitaLand said to be acquiring Star Harbour International Center project in Shanghai for $2.5 bil * En Bloc Calculator, Find Out If Your Condo Will Be The Next en-bloc * HDB Resale Flats Up For Sale, Affordable Units Available

  • 3 Singapore REITs Institutional Investors Have Been Selling
    Motley Fool15 days ago

    3 Singapore REITs Institutional Investors Have Been Selling

    These Singapore REITs sold off by institutional buying activities might be a source of ideas for investors.