Shares & Derivatives
What Is CapitalandInvest Worth?
By InvestingNote  •  September 20, 2021
CapitalandInvest will begin trading on Monday, 20th of September. It should be introduced at around 1 p/book, or $2.82 per share according to Capitaland’s documents. The question that on everyone’s mind now is: what’s its market worth? This post was originally posted here. The writer is a veteran community member and blogger on InvestingNote, with a username known as @tantan88. The value proposition Capitaland strongly implies it’s worth more than this “introductory price” at book value. To support their argument, they’re showing that pure listed property manager trade at higher P/E multiples and above book value as compared to property developers which typically trade lower. In their basket of manager, they picked Charter Hall, Goodman, Lendlease and ESR Cayman. It’s fair, but they omitted some which do not support their view. The best example is Cromwell Property Group, which trades under book value and with P/E ratio under 10....
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By InvestingNote
InvestingNote is Singapore’s first & largest community-driven platform where investors and traders from all levels connect and share ideas with one another.
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