CapitaMalls Asia: Interim dividend declared.

Today, during lunch hour, when I read that the management is declaring an interim dividend of 1.5c per share (XD on 31 August and payable on 16 September), I immediately put in a buy order. I feel that it is a generous payout for a growth company and testament to the fact that it is doing well.

2Q 2011 EPS: 4.2c
1H 2011 EPS: 5.5c
NTA per share: $1.52

See presentation slides here.

Its share price closed at $1.45 today. This is at support. We shall have to wait and see if it would go higher from here. I see gap resistance at $1.55 and if it were to be overcome, we could see $1.64 next. Will my purchase today be rewarding? I wonder.

CapitaMalls to ‘latch on’ to China to secure growth prospects
Thursday, 21 July 2011

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CapitaMalls Asia Q2 net profit doubles on revaluation gains
Thursday, 21 July 2011

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NOL: A quick trade.

On 12 July, NOL formed a white candle and I mentioned that I was wary of its reliability as it was formed on relatively low volume. I also used Fibo lines to determine where stronger supports could be found. Then, I added to my long position at these supports. See blog post here.

On 19 July, NOL formed a white hammer and I wondered if price could rise to test $1.45. See blog post here.

For the last three days, I have been in the queue to sell at $1.45. Today, it was done.

With price closing at $1.42, will it be going lower from here? I am not so sure because I see a higher low on the MACD. A positive divergence has formed, it would seem. If $1.45 were to be taken out convincingly, we could see price going higher to $1.56.

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Noble Group, NOL and CapitaMalls Asia.

Just a quick look at some charts:

Noble Group's share price formed a bullish engulfing candle on high volume. If we turn on the MA envelope, we see how it touched the lower boundary and bounced off. Stochastics is in the oversold region and could turn up. Could share price rise to $1.90?

NOL's share price formed a white hammer on high volume. Similarly, Stochastics is in the oversold region and could turn up. Could it rise to $1.45?

CapitaMalls Asia. Connecting the lower highs since 6 October 2010 makes me wonder if we could see the downtrend resistance tested again. Likely to be a long drawn process. Will probably have to see gap closing at $1.55 first.

Good luck.

Capitamall may explore purchase of Ion mall next year, CEO says
Tuesday, 19 July 2011

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Noble Group, Altius to set up oil seed plant in South Africa: Update
Tuesday, 19 July 2011

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