CapitaMalls Asia: Dual listing in Hong Kong.

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.

A movie: Real Steel!

When I was at the movies earlier this week, I saw the trailer for "Real Steel". Wow! I am so going to watch this!

This is a story set in the near-future where the sport of boxing has gone high-tech. It stars Hugh Jackman as Charlie Kenton, a washed-up fighter who lost his chance at a title when 2000-pound, 8-foot-tall steel robots took over the ring.

Now nothing but a small-time promoter, Charlie earns just enough money piecing together low-end bots from scrap metal to get from one underground boxing venue to the next. When Charlie hits rock bottom, he reluctantly teams up with his estranged son Max (Dakota Goyo) to build and train a championship contender.

As the stakes in the brutal, no-holds-barred arena are raised, Charlie and Max, against all odds, get one last shot at a comeback.

I like this kind of inspiring stories and with robots thrown in, the little boy in me cannot resist it!

Play the Real Steel game and win movie premiums.
Check it out:
http://sg.churpchurp.com/AK71SG/share/realsteel