Rebranding and new tenants to make Klang Parade an iconic landmark - Community | The Star Online: "“Without support from tenants, and the right tenant mix, a mall will not be successful or be able to prosper to new heights. These two factors are tantamount to the success of a mall, and equally important is the procurement of enterprising tenants who see beyond bricks and mortar to recognise that a venue will be a shining beacon of success,” says ARA senior manager (Asset Management) June Lim."
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Friday, August 16, 2013
Tuesday, August 13, 2013
Stars aligned for 'serious' US correction, analyst says
Stars aligned for 'serious' US correction, analyst says: ""Equities have historically traded at a discount to GDP except for two times in the last 50 years," he said. "In the late 1990's we traded at 148 percent over GDP, and in 2007 we traded at 118 percent over. Unfortunately, both times were followed by a serious correction. We are now at 110 percent."
"The time has come to say that the 'easy' money in equities might be behind us unless we see real growth in the GDP numbers and forecasts increase for top line revenue from corporate America over the next couple years," he added."
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"The time has come to say that the 'easy' money in equities might be behind us unless we see real growth in the GDP numbers and forecasts increase for top line revenue from corporate America over the next couple years," he added."
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Sunday, August 11, 2013
CalPERS increases firepower of Chinese property strategy
CalPERS increases firepower of Chinese property strategy: "GLOBAL – The California Public Employees Retirement System (CalPERS) has allocated more capital to its Chinese real estate strategy after ARA Asset Management successfully deployed $300m (€224m) on its behalf.
CalPERS had already committed $500m to China Investment Partners, its single-investor fund managed by ARA, but has increased this to $830m, according to ARA."
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CalPERS had already committed $500m to China Investment Partners, its single-investor fund managed by ARA, but has increased this to $830m, according to ARA."
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Saturday, August 10, 2013
The stocks Marc 'Dr. Doom' Faber actually likes
The stocks Marc 'Dr. Doom' Faber actually likes: "Gold is an unusual asset. It's an asset that people hold as sort of disaster insurance. They feel if things go really badly wrong, they'll at least have some gold in their portfolio … [which is] not all that accurate. A lot of people hold gold as an inflation hedge, but the movements of gold prices don't predict inflation very well, actually. … Nobody really understands gold prices, and I don't pretend to really understand them, either."
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Marc Faber: Look out! A 1987-style crash is coming
Marc Faber: Look out! A 1987-style crash is coming: ""In 1987, we had a very powerful rally, but also earnings were no longer rising substantially, and the market became very overbought," Faber said on Thursday's "Futures Now." "The final rally into Aug. 25 occurred with a diminishing number of stocks hitting 52-week highs. In other words, the new-high list was contracting, and we have several breaks in different stocks.""
"If you look at the last two days," Faber said, referring to Tuesday and Wednesday, "it's remarkable. We are close to the all-time high, at 1,709 on the S&P, and yet yesterday and the day before, there were 170 new 52-week lows. That's a very high figure."
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"If you look at the last two days," Faber said, referring to Tuesday and Wednesday, "it's remarkable. We are close to the all-time high, at 1,709 on the S&P, and yet yesterday and the day before, there were 170 new 52-week lows. That's a very high figure."
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Thursday, August 1, 2013
Australia Property Trusts Catch IPO Buzz - MoneyBeat - WSJ
Australia Property Trusts Catch IPO Buzz - MoneyBeat - WSJ:
nitial public offerings of Australian property trusts are back in vogue, with two management teams currently meeting institutional investors in Asia ahead of planned September listings.
Pacific Retail REIT, which will own five shopping malls, is seeking up to 395 million Australian dollars (US$363 million) at A$1.00 a share in a deal underwritten by Moelis & Co., according to an investor presentation seen by MoneyBeat.
At least A$28 million of that total will come from Singapore-based ARA Asset Management and its associates. ARA is an affiliate of Hong Kong-based Cheung Kong Group, which specializes in taking stakes in listed and unlisted real estate trusts.
The company is offering an earnings yield of around 8.5%–almost double the returns most individuals can fetch by parking their cash in term deposits with Australia’s major lenders.
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