CapitaMalls Asia (CMA) on Thursday reported a net profit of S$68 million for the third quarter. This is a 14 per cent increase from a year earlier. However, revenue for the same period slipped 22.1 per cent to S$42.5 million. CMA said the fall in revenue was mainly because of the divestments of three Malaysia malls to CapitaMalls Malaysia Trust, and Clarke Quay to CapitaMalls Trust. The company said...
CapitaMalls Asia
CapitaMalls Asia has priced an issue of S$350 million unrated fixed rate notes at 3.95 per cent. The notes will mature on August 24, 2017, and the interest on the notes is payable half-yearly in arrears. This is the first series of notes issued under a S$2 billion Euro-Medium Term Note Programme established by CapitaMalls Asia Treasury in April this year. Under the programme, CapitaMalls Asia Treasury...
Singapore-listed CapitaMalls Asia said its second quarter net profit fell 23.7 percent to S$113 million. However revenue over the period grew 31.9 percent to S$73 million. The drop in earnings was attributable to the lower revaluation gain of its properties as compared to the second quarter a year ago. It also received a lower share of results from its three Chinese private equity funds, which was...
CapitaMalls Asia (CMA) is buying a Malaysian mall from an associate firm of Metro for S$91.5 million after the Metro unit exercised a put option. The move by Metro's Gurney Plaza requires CMA's CapitaRetail Gurney to buy the property called Gurney Plaza Extension. Located in Penang, Gurney Plaza Extension is a nine storey retail block. It is part of the Gurney Park development and has about 12,500...
Malaysian retail investors can now own a piece of their favourite shopping malls with the planned listing of the country's first pure play shopping mall real estate investment trust. CapitaMalls Malaysia Trust, a unit of Singapore based CapitaMalls Asia, may raise up one billion ringgit (RM) - or US$308 million - through the initial public offering. It is one of the largest IPOs in South-east Asia this...
CapitaMalls Asia (CMA) said its Malaysian unit is launching its prospectus and retail offering on Monday. CapitaMalls Malaysia Trust or CMMT's final retail price will be the lower of its retail offer price of 1.08 ringgit per unit or the institutional price less a discount of 2 sen. At an indicative price of 1.08 ringgit, CMMT said the retail offer will provide a distribution yield of 6.9 per cent. This...
CapitaMalls Asia (CMA) has received approval to list its Malaysian property assets on the Malaysian exchange, Bursa Malaysia. CapitaMalls Malaysia Trust (CMMT) will be the holding entity of its Malaysia-based shopping malls, with some 1.35 billion CMMT units expected to be listed. An expected 786.5 million units will be offered for sale, with CMA retaining a 41.74 per cent in CMMT. A book-building...
CapitaMalls Asia (CMA) says it has received approval from the Securities Commission of Malaysia to list its assets across the Causeway. It says CapitaMalls Malaysia Trust (CMMT) will hold its Malaysia shopping malls and be listed on the main market of Bursa Malaysia. Some 1.35 billion CMMT units will be listed. A total of some 786.5 million units will be offered for sale, with CMA retaining a 41.74 per...
SHOPPING mall owner and operator CapitaMalls Asia has seen its first-quarter profits surge more than 800 per cent on the back of gains in key markets. Its assets in Singapore, China and Malaysia helped push net profit for the three months to March 31 to $96.8 million, as compared to $10.3 million for the same period a year ago. Revenue jumped by 41 per cent to $74.6 million, in contrast to $52.9 million...
Mainboard-listed CapitaMalls Asia (CMA) has posted a first quarter net profit of S$96.8 million, up more than nine-fold from a year ago. Revenue in the first three months of its fiscal year rose 41 per cent to S$74.6 million. The increase was due to profit recognition from the sale of The Orchard Residences apartments in Singapore as well as contributions from its ION Orchard mall. Fair value gain on...