Investor & Media Relations
We value the constructive long-term relationships that we have with investors, analysts and media and regularly communicate with them to update them on CMT's strategies and corporate developments in a timely and open manner.
Investor Relations Activities
CMT's management team frequently meets existing and
potential investors and analysts at one-on-one or group meetings, local and overseas conferences and roadshows. In 2010, we met or held conference calls with about 370 institutional investors globally and took part in investor conferences and roadshows in Singapore, Hong Kong, London, Amsterdam and New York.
We made conscious efforts to engage more retail investors as well. During the year, we participated in the Asian Investment Conference & Exhibition, an investor education fair organised by the Securities Investors Association (Singapore) (SIAS). We also jointly organised an Investor Open Day with CapitaMalls Asia and CapitaRetail China Trust which was well-attended by over 400 retail investors. Currently, 23 local and foreign brokerage firms have research coverage on CMT.
Approximately 14,000 registered Unitholders owned CMT units as at 31 December 2010. About 59.21% of the units were held by institutional investors with the CapitaLand Group owning another 29.90% of the units while retail investors constitute the remaining 10.89% as at 3 December 2010.
Combined analyst and media results briefings are held every six months to provide an update on CMT's half-year and full-year financial and operational performance. The briefings are webcast 'live' and viewers of the webcasts can send in questions online to be addressed by CMT's management team on the spot. In line with our commitment to deliver accurate, timely and transparent information to Unitholders and the general public, financial results announcements are made within 30 days from the end of each quarter.
In addition, annual general meetings (AGM) and extraordinary general meetings (EGM) provide an important channel for communication between CMT's management and Unitholders. CMT convened its inaugural AGM in April 2010 with Unitholders approving all resolutions tabled at the event. An EGM was also held on the same day to seek Unitholders' approval for the acquisition of Clarke Quay. The acquisition met with unanimous approval from Unitholders.
General information on CMT including annual reports, property portfolio details and investor presentations are updated regularly on the website for investors and the general public. All news releases and legal announcements are also available on the SGX-ST website. Mall tours are occasionally conducted for analysts, investors and journalists who are keen to visit CMT's properties to better understand the performance of the various malls and the asset enhancement initiatives which were completed.
In October 2010, CMT took top honours in the 'Most Transparent Company - REITs category' at the SIAS Investors' Choice Awards. CMT was also ranked in the top quartile for corporate governance in Singapore by CLSA during the year. These accolades showcase our commitment to stakeholder communications based on transparency and credibility.
