Cambridge Industrial Trust: 2Q 2011 results.

The last time I blogged about this REIT was on 28 April and I was so negative about it that some readers divested their shares in the REIT straightaway. Read blog post here.

Now, I have to say this again that my blog is purely to share my thoughts, a place where I think aloud, so to speak. It is not to exhort anyone to buy or sell anything.

In a reply to a reader, OT, I mentioned that I would wait to see if I could divest my investment at 52c just to close a chapter (again). Even with mediocre investments, there could be a better time to sell.

Fundamentally, with a 2Q DPU of 1.036c, it translates to an annualised distribution yield of just 7.97% at the unit price of 52c.

Gearing at 32.7% and interest cover ratio at 5x are similar to AIMS AMP Capital Industrial REIT's.

The difference? AIMS AMP Capital Industrial REIT has an estimated distribution yield of 9.09% at the unit price of 22c. Money should go to where it is treated best.

Technically, the resistance as provided by the 200dMA at 51.5c was taken out convincingly today as price closed at 52c, forming a long white candle in the process.

A breakout? It seems to be the case and we could see price test 53c in the near future. I have entered my sell order.

See presentation slides here.

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

© 2011 - The Edge Singapore

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

© 2011 - The Edge Singapore