Capitaland: Time to Take Profit?
Capitaland has been on a nice up trend since Mid May and exhibit on a nice Elliott Wave pattern. Currently Capitaland has reached its NAV (P/B = 1.0008) and its PE ratio show that Capitaland is at its fair value and no longer under value. Base on Fibonacci Extension to 161.8% FR, the price target is $3.60. Currently Capitaland has hit the uptrend channel resistance and also the Fibonacci Fan resistance. Expect a pull back from this level in the few days. Capitaland has been the lucky star for me as I have profited 3x trading this Elliott Wave pattern (all bullish trades). A pat on the back!
- $2.65 to $2.96
- $3.18 to $3.25
- $3.32 to $3.45
Will wait for the pull back to $3.32 (up trend channel support & 123.6% FR) to decide whether I have the 4th time lucky trading this stock.
Key Statistics for CAPL
| Current P/E Ratio (ttm) | 13.1227 |
|---|---|
| Estimated P/E(12/2012) | 25.2143 |
| Relative P/E vs. FSSTI | 1.1204 |
| Earnings Per Share (SGD) (ttm) | 0.2690 |
| Est. EPS (SGD) (12/2012) | 0.1400 |
| Est. PEG Ratio | 0.9849 |
| Market Cap (M SGD) | 15,005.14 |
| Shares Outstanding (M) | 4,250.75 |
| 30 Day Average Volume | 9,645,900 |
| Price/Book (mrq) | 1.0008 |
| Price/Sale (ttm) | 4.6142 |
| Dividend Indicated Gross Yield | 1.70% |
| Cash Dividend (SGD) | 0.0600 |
| Last Dividend | 05/07/2012 |
| 5 Year Dividend Growth | -3.12% |
| Next Earnings Announcement | 02/14/2013 |
