CapitaMalls Asia is slowly and steadily improving its EPS and increasing its DPS. The latest results are encouraging and affirmed my conviction that this stock is going to be worth much more in a few years' time.
1H 2013 EPS: 8.2 c
1H 2013 DPS: 1.75c
Payout ratio: 21.34%.
The company's malls in China show a high percentage growth in NPI of 12.1% while malls in Singapore only registered a 2% NPI growth, reflecting the mature market here. The company's strategy of being in China and being there early is paying off nicely.
CapitaMalls Asia owns real estate and I would like to buy at a discount to the net value of its assets, if possible. The number to look at? Its NTA/share of $1.78.
Of course, paying a bit more for professional managers and also growth that seems to be in the bag is not an unreasonable ......CapitaMalls Asia is slowly and steadily improving its EPS and increasing its DPS. The latest results are encouraging and affirmed my conviction that this stock is going to be worth much more in a few years' time.
1H 2013 EPS: 8.2 c
1H 2013 DPS: 1.75c
Payout ratio: 21.34%.
The company's malls in China show a high percentage growth in NPI of 12.1% while malls in Singapore only registered a 2% NPI growth, reflecting the mature market here. The company's strategy of being in China and being there early is paying off nicely.
CapitaMalls Asia owns real estate and I would like to buy at a discount to the net value of its assets, if possible. The number to look at? Its NTA/share of $1.78.
Of course, paying a bit more for professional managers and also growth that seems to be in the bag is not an unreasonable ......
