YTD Sep10 Statutory PATMI increased 349% to S$751m
• 3Q Sep10 PATMI down 43% yoy to S$160m
– Due largely to lower recognition on completion of residential projects in Singapore
• Key events in 3Q10
– Ascott recycled stabilised assets into Ascott Reit
– Acquired prime Bedok Town Centre site for integrated retail-cum-residential development
– 5th residential development project in Vietnam
– Successful listing of CapitaMalls Malaysia Trust (“CMMT”) on Bursa Malaysia
– Formed CapitaValue Homes (affordable housing SBU)
• Group managed real estate assets totaled S$50bn
• Proactive Capital Management
– Strengthened financial flexibility with the issuance of an aggregate S$1b of bonds
– Strong cash liquidity of S$6.4bn
– Healthy Net Debt/Equity of 0.21
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Who will work for the rich?
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In my previous post, I advocated the teachings of financial, professional
and general knowledge to our kids. One of my readers then questioned "who
will wo...
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