18-05-2015, 06:07 PM
Comparison is endless. Capitaland got govt backing sure lower lah...
I trust real businessmen better than civil servants. I think Capland made a lot more mistakes than truly privately run companies. Capland's REIT platform hardly moving now, ie Capland is already asset light with very little pipeline assets to shift - a real concern if you ask me.
So long as Towkay delivers, I happy liao especially now that his FCL plans is getting more visible.
Vested and Of Course Biased
I trust real businessmen better than civil servants. I think Capland made a lot more mistakes than truly privately run companies. Capland's REIT platform hardly moving now, ie Capland is already asset light with very little pipeline assets to shift - a real concern if you ask me.
So long as Towkay delivers, I happy liao especially now that his FCL plans is getting more visible.
Vested and Of Course Biased
(18-05-2015, 05:47 PM)Happymeowmeow Wrote: I don't think that FCL is paying a very cheap rate.. if compared to capitaland family
CMA 10 year bond only paying 3.8%
and CMT 7 year bond they only paying 3.08%... and FCL 7 year is paying 0.57% more compared to CMT
FCL overall debt portfolio is also pretty high... I think around 5%, considering for property companies their ROE is usually below 10 or even 8%