CapMallsAsia TA

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 My CapMallsAsia TA view

  NAV: 1.7828    

  PE: 14.009

  Total issued paid up shares: 3,892,493,000

  Mkt Price: 1.95

 

Possible Double Bottom Reversals observed, but until key resistance is broken(2.0 resistance break), a reversal cannot be confirmed. 

If resistance break(2.0) is broken convincingly with volume, we could see a tgt of 2.26 previous high(Jan 2013). To each his own.

Capmallasia was incorporated in Singapore on 12 October 2004 under the name of CapitaLand Retail Limited. On 30 October 30 2009, the Company changed its name to CapitaMalls Asia Limited. The Group is an integrated shopping mall business model encompassing retail real estate investment, development, mall operations, asset management and fund management capabilities. The Group has interests in and manage a pan-Asian portfolio of 86 retail properties (of which 59 are completed shopping malls and 27 are in various stages of development) across 48 cities in the five countries of Singapore, China, Malaysia, Japan and India. The business operations comprise two main business areas: (i) property interests, which are held directly or through REITs, private real estate funds and joint ventures; and (ii) management business. The principal business strategy is to invest in, develop and manage a diversified portfolio of real estate used primarily for retail purposes in Asia, and to strengthen its market position as a leading owner, developer and manager of shopping malls in Asia.