Do online contribution to Medisave and get $88 Ang Bao.

"For those under 65, the Basic Healthcare Sum next year will be S$54,500, up from S$52,000 previously, the authorities said." Sou...

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: Dual listing in Hong Kong.

Friday, September 30, 2011

Earlier in March, CapitaMalls Asia announced that it was exploring the option of a secondary listing in Hong Kong.

Today, it received in-principle approval and will list on Hong Kong's mainboard come 18 October.

"CapitaMalls Asia may not be raising new capital from its listing in Hong Kong, but the move will allow the mall developer to widen its investor base here in Hong Kong and by default China.

"This is expected to help improve its market visibility and trading liquidity - which then opens up additional sources of funding for the company."

Read complete article here.

Although I continue to believe in the fundamentals of CapitaMalls Asia as well as its longer term prospects, its share price is something else.

Technically, the counter's share price is very much in a downtrend. Selling into strength is, therefore, a sound strategy.


SnOOpy168 said...

if the experience of fortune reit is anything to go by, a dual list will mean that investors from the HK bourse will drive the prices up. will do so, when i broke even this has been a very disappointing counter for my long term portfolio.

AK71 said...

Hi SnOOpy168,

This counter could become quite rewarding over the next few years. This is what I believe. :)

Monthly Popular Posts

Bloggy Award