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!

  1. $2.65 to $2.96
  2. $3.18 to $3.25
  3. $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

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