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CityDev
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WanSiTong
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28-Mar-2014 09:16
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Very strong resistance at 9.95...... move up 2 fast 2 furious!
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lynn89
Senior |
28-Mar-2014 09:06
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CDL is moving up quite strongly. Today holding at $9.91and will reach $10 and beyond soon !!! |
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WanSiTong
Supreme |
27-Mar-2014 20:06
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The Board of Directors of City Developments Limited (?CDL? or the ?Company?) refers to the announcement released on 23 December 2013 in connection with the acceptance of a Memorandum of Understanding (?MOU?) from an unrelated third party (the ?Purchaser?) who had expressed non-binding interest in acquiring from CDL?s wholly-owned subsidiaries (collectively, the ?CDL Entities?) an approximate 52.52% interest in the issued share capital of City e-Solutions Limited (" CES" ) held by the CDL Group through the CDL Entities. The Board wishes to inform that the CDL Entities had on 27 March 2014 served a notice on the Purchaser, stating inter alia that the Purchaser has not met the terms of the MOU and has demonstrated by its conduct that the Purchaser is not proceeding with the transaction. As there were substantial differences between the parties, no agreement has been reached on the terms of the sale and purchase agreement. Please also refer to the attached announcement released by CES on 27 March 2014. http://infopub.sgx.com/FileOpen/27032014_CES.ashx?App=Announcement& FileID=288675 |
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WanSiTong
Supreme |
27-Mar-2014 16:29
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guoyanyunyan
Supreme |
03-Mar-2014 13:05
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Initiate with Accumulate
CDL announced its 4Q13 and FY13 results on 27 February 2013. For its full year results, revenue was reported at S$3,162.1mn (-5.7% y-o-y). FY13 PATMI of S$683.0mn (+0.7% y-o-y) was largely unchanged from the previous year. Net gearing is lowered to 0.20x (FY12: 0.25x). In 4Q13, CDL welcomed a new CEO, Mr. Grant Kelley. The new CEO has wide experience in real estate investment and used to serve as Head of Real Estate (Asia Pacific) for Apollo Global Management. How do we view thisAmidst a challenging FY13 for the real estate sector, CDL delivered commendable results. The lowered profit contribution from the development properties segment was expected, as CDL saw moderated recognition of revenue and profits from its previously sold projects. Although there was little growth in revenue from its hotel operation, the profit contribution from this segment was better than expected considering the drop in available room nights due to numerous ongoing AEIs for its hotel assets. On outlook, we continue to be positive for the Property Development segment. In FY2013, the number of units sold was 34% higher than a year ago. Due to accounting rules, revenue recognition for these projects are largely on a percentage-of-completion basis. These projects continue to replenish CDL?s development pipeline. Additionally, CDL has 3 completely sold Executive Condominiums that have yet to be recognized. These will contribute to stronger future earnings. The company possesses a strong balance sheet with cash and cash equivalents of S$2,871.3mn and low gearing ratio of 0.20x. This will allow the new CEO to actively seek out new opportunities overseas. We expect CDL to secure value accretive projects/acquisitions in FY2014 and beyond. Investment ActionWe initiate coverage on CDL with an ?Accumulate?. We are positive on 1) Undemanding valuation based on current projects and investments 2) Higher revenue/profit forecast for its development properties based on previously sold projects 3) New management, strategic direction to expand overseas and strong balance sheet. We value CDL at TP of S$11.16. ...last:$9.32... Source: Phillip Securities Research - 3 Mar 2014 |
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WanSiTong
Supreme |
27-Feb-2014 08:36
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chinastar
Veteran |
17-Feb-2014 13:10
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good luck:)
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FearValueGreed
Master |
02-Feb-2014 11:47
Yells: "Long Term Timing X Capital = Well Deserved Payout" |
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breakout on the wrong side. Sub sale transaction down to bottom. sales reaching 2003-04 level recommendation for accumulation down till $5. if you still the Singapore story. this is the share to own. big returns in next super property bull run in the next 5-7 years when garmen reverse its policy |
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marubozu1688
Master |
23-Jan-2014 21:03
Yells: "Be humble in front of Mr. Market." |
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City Developmet is on the down trend. http://mystocksinvesting.com/singapore-stocks/capitaland/why-most-investors-lose-money-in-real-estate-and-property-stocks-in-2013/ |
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guoyanyunyan
Supreme |
09-Jan-2014 15:48
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City Developments Limited: Physical prices enter bear territory http://www.ocbcresearch.com/Article.aspx?type=research& id=20140109110714_59659 Flash estimates for the URA private residential index showed a 0.8% QoQ decline in 4Q13. We highlight that, except for a flattish -0.1% movement in 1Q12, this is the first time the index has fell meaningfully since the last financial crisis (3Q08 to 2Q09). On a parallel note, mass market prices, a key driver for the housing sector during the liquidity-driven recovery, are also showing signs of losing momentum flash estimates for Outside Central Region (?OCR?) prices fell 0.6% QoQ in 4Q13 ? for the first time since 2Q09 as well. We believe physical prices will enter into bear territory over FY14-15 as the residential sector continues to suffer from the dual impact of existing housing curbs and an onerous physical completion pipeline. Maintain HOLD with an unchanged fair value estimate of S$9.98 (30% RNAV disc.). While execution from management continues to be spot-on and the balance sheet remains strong, we foresee increased uncertainties ahead as the group grapples with weakening fundamentals in its core domestic residential space. ...last: $9.50... |
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WanSiTong
Supreme |
02-Jan-2014 10:56
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City Developments ST: short term rebound towards 9.95 2013-12-29 23:46:00 Our preference: short term rebound towards 9.95. Our pivot point is at 9.43. Our preference: short term rebound towards 9.95. Alternative scenario: below 9.43, expect 9.24 and 9.13. Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the stock is trading under both its 20 and 50 day MA (respectively at 9.68 and 10). City Developments is currently trading near its 52 week low at 9.45 reached on 12/12/13. Supports and resistances:  |
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Octavia
Supreme |
30-Dec-2013 09:38
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Home sales may decline 10% in 2014 while prices are expected to drop for the first time in two years, according to broker Chesterton Singapore. Higher borrowing costs, falling public housing resale prices, slower population growth and a record number of apartment completions are key factors that could cause residential demand to wane. The property curbs, which included stamp duties and other taxes on home purchases, led Citigroup and UBS to rate the city?s residential developers underweight in the past two months. CapitaLand (-18% ytd) and City Dev (-25%), the nation?s two biggest listed developers, were among the three worst performers on the index after being in the top 10 last year | ||||||||||||||||||||||||||||||||||||||||||||||||
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marubozu1688
Master |
29-Dec-2013 22:09
Yells: "Be humble in front of Mr. Market." |
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More down side to come for City Development. http://mystocksinvesting.com/singapore-stocks/city-development/city-development-more-down-side/ |
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WanSiTong
Supreme |
24-Dec-2013 10:59
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City Developments ST: the RSI is oversold 2013-12-22 23:44:00 Alternative scenario: the upside breakout of 9.71 would call for 9.9 and 10.02. Our pivot point stands at 9.71. Our preference: the downside prevails as long as 9.71 is resistance. Alternative scenario: the upside breakout of 9.71 would call for 9.9 and 10.02. Comment: the RSI is below 30. It could either mean that the stock is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below  |
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WanSiTong
Supreme |
23-Dec-2013 22:25
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The Board of Directors of City Developments Limited (CDL or the Company) wishes to announce that further to the announcement released on 25 November 2013, the Company had, through its wholly-owned subsidiaries namely eMpire Investments Limited, Citydev Investments Pte. Ltd. and Educado Company Limited (collectively, the CDL Entities), on 21 December 2013 received a Memorandum of Understanding (Memorandum) from an unrelated third party (the Purchaser), expressing their non-binding interest in acquiring from the CDL Entities an aggregate of 200,854,743 ordinary shares representing approximately 52.52% interest in the issued share capital of City e-Solutions Limited (CES) held by the CDL Group through the CDL Entities. In the Memorandum, the Purchaser had also expressed their non-binding interest in acquiring CES shares held by Hong Leong Holdings Limited and Hong Leong International (Hong Kong) Limited (collectively, the HL Entities), which when aggregated with the CES shares held by the CDL Entities amount to 226,929,031 CES shares, representing approximately 59.34% of the total issued share capital of CES as at the date of this announcement. The CDL Entities and HL Entities have accepted the Memorandum on 21 December 2013, which is subject to the finalisation and implementation of each of the transactions contemplated in the Memorandum and the agreement on terms and conditions to be set out in a binding sale and purchase agreement (Formal Agreement) to be entered into by the relevant parties. Further announcement will be made by the Company when the Formal Agreement is entered into by the CDL Entities. |
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WanSiTong
Supreme |
19-Dec-2013 06:42
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Citydev managed to rebound on 17/12 and confirmed its support at 9.46 level. It might continue to rebound until it reaches its resistance at 9.70 level. |
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guoyanyunyan
Supreme |
13-Dec-2013 11:49
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WanSiTong
Supreme |
13-Dec-2013 08:55
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Tks for sharing...... Huat arh.. | ||||||||||||||||||||||||||||||||||||||||||||||||
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guoyanyunyan
Supreme |
13-Dec-2013 08:47
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WanSiTong
Supreme |
12-Dec-2013 17:15
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CityDev hit recent new low of 9.51..........watch tomorrow!
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