They chose financial independence over home ownership.

This is somewhat extreme but watch how this Canadian couple chose financial independence over home ownership.  They are in their 30s and,...

Past blog posts now load week by week. The old style created a problem for some as the system would load 50 blog posts each time. Hope the new style is better. Search archives in box below.


"E-book" by AK

Second "e-book".

Another free "e-book".

Pageviews since Dec'09


Recent Comments

ASSI's Guest bloggers

CapitaMalls Asia: Japanese properties are safe.

Tuesday, March 15, 2011

Quite a few people I know have their eyes on CapitaMalls Asia and they are hoping that it would go closer to its NAV/share to buy some or more shares of the company. Its NAV/share is currently $1.50.

There is some concern amongst investors that the company's Japanese properties might have suffered from the quake. The company has released a statement today reassuring investors "the properties comply with strict seismic safety standards and have not suffered any material structural damage".

"CMA’s investments in Japan, which as at Dec. 31, 2010, accounted for approximately 2% of its total assets, are primarily held through its 26.29% stake in the CapitaRetail Japan Fund which owns seven retail properties in Tokyo, Osaka, Hokkaido and Kobe."

Technically, even though price touched a low of $1.57 today on high volume. The volume is relatively lower than 28 Feb when price touched a low of $1.69. This suggests that the weakness is from a lack of buyers and not from an abundance of sellers. I would also look out for positive divergence in the making on the daily chart. The positive divergence on the weekly chart between lower price and higher MFI is still quite obvious.


Monthly Popular Posts

Bloggy Award