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Posts Tagged ‘capitacommercial’

Capitacommercial says in advanced talks on Robinson Point

CapitaCommercial Trust, the office landlord partly owned by CapitaLand, said it is in an “advanced state of negotiations” to sell an office building in Singapore.

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Jan18: CapitaCommercial, SIA, Keppel Land

The following companies may have unusual price changes in Singapore trading today, say Bloomberg and Thomson Reuters. Singapore’s Straits Times Index fell less than 0.1% 2,908.42 last Friday.

US stocks slid last Friday after JPMorgan Chase & Co reported deep fourth quarter loan losses and raised concerns about bank profits.

Palm oil suppliers: Crude palm oil for March delivery dropped 1.6% in Kuala Lumpur on Jan. 15. Golden Agri-Resources (GGR SP), the world’s second-biggest palm oil producer, dropped 4.2% to 57 cents. Indofood Agri Resources (IFAR SP), the palm oil unit of Indonesia’s biggest noodle maker, tumbled 4.6% to $2.29. Wilmar International (WIL SP), the world’s biggest palm oil trader, added 1% to $7.11.

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CapitaCommercial Trust rated buy

Nomura Research in a Jan 12 research report says: “CCT recently issued the first MTN (medium term note) note since August 2008. Together with the liquidity on hand, we think the $150 million MTN maturity in March is now addressed. We raised our FY2010-2011F DPU estimates by 2.2% to principally reflect lower net finance costs.  Listed entities continue to demonstrate the ability to refinance and there are signs access to capital for private entities is also improving.

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