CityDev    Last:8.21    -0.15

Citydev a very oversold 2020 covid19 victim and si

valuation is always an indication only. it is subject to market conditions when one want to sell.
as far as cdl, i can see that they are good at this. fuji xerox redevelopment, central mall, are examples where valuations are turn into real $$$.   
if they can find new partner for the development it will means that the hidden value can be capture early when the property change hand (like enbloc sale) then capture more profit for development as the development and sale progress.
business like yanlord land also got quite some asset with plot ratio to gain. but they like more busy with other things.
listing of their m& c hotel into reits will also realised the value of property for cash. good thing is they still get about 50-60 basis point recurring profit yearly for managing it.
my lousy estimate of usd5b asset managerment will bring in about usd25m recurring income.
there is sale on this share . thanks to all the fear mongers.

 

Net asset value
Group Company                                      30 June 2021 31 December 2020 30 June 2021 31 December 2020
$ $ $ $ Net asset value per ordinary share 9.22                  9.38                            7.00                      7.11
CDL NAV at co level only $7 lah.
All the divestment news, possible NAV after divestment are just on paper n written by analysts who just simply whacked.

ETLee8      ( Date: 14-Sep-2021 10:38) Posted: HK Land NAV used to be USD 21.50, now NAV USD 14.75 now trading at usd 4.70 This not accurate tyo measure lah. https://links.sgx.com/FileOpen/HKLH2021HY.ashx?App=Announcement& FileID=676367 chartistkao1      ( Date: 14-Sep-2021 10:18) Posted: Citydev it' s book back based on historical cost accounting stood at $9.22 at June 2021 if nav were to add fair value gains on investment properties fair value would be $14.22 if nav were to add fair value gains on investment property and revaluation surplus on hotel portfolio it would rise to $17 but 14/9/2021 share price of cdl only stand at $7.16

 

昨 日 (1997)像 那 东 流 水 ， 离 我 远 去 不 可 留
由 来 只 闻 新 人 (young and new tders like those borned after 2000)笑 有 谁 听 到 旧 人 (those that borned around 60 old traders)哭
爱 情 两 个 字 好 辛 苦
是 要 问 一 个 明 白 还 是 要 装 作 糊 涂
知 多 知 少 难 知 足

 

the new butterfly effect in 2020 and 2021
https://www.youtube.com/watch?v=a1Mc6NTe-Lo

 

after went through 1997 asia financial crisis and now th 2020 crisis
https://www.youtube.com/watch?v=sbSHq6-5HOY

 

https://www.youtube.com/watch?v=k3_BJaXoEOo活 在 996的 生 活 里
 

 

HK Land NAV used to be USD 21.50, now NAV USD 14.75 now trading at usd 4.70
This not accurate tyo measure lah.

https://links.sgx.com/FileOpen/HKLH2021HY.ashx?App=Announcement& FileID=676367

chartistkao1      ( Date: 14-Sep-2021 10:18) Posted: Citydev it' s book back based on historical cost accounting stood at $9.22 at June 2021 if nav were to add fair value gains on investment properties fair value would be $14.22 if nav were to add fair value gains on investment property and revaluation surplus on hotel portfolio it would rise to $17 but 14/9/2021 share price of cdl only stand at $7.16

 

眼 前 看 着 你 2020
https://www.youtube.com/watch?v=p0aMvwo67tM

 

how cope with the citydev selldown
https://www.youtube.com/watch?v=nPPT7s5Q46c

 

https://www.youtube.com/watch?v=8U_CN8iUGos

 

何 必 在 share forum 苦 苦 强 求 苦 苦 追 问

 

citydev and covid19  selldown and all hedge funds short sellers
https://www.youtube.com/watch?v=TM5HEICCAE8

 

https://www.youtube.com/watch?v=eUL6rkTAPhY

 

Citydev it' s book back based on historical cost accounting stood at $9.22 at June 2021 if nav were to add fair value gains on investment properties fair value would be $14.22 if nav were to add fair value gains on investment property and revaluation surplus on hotel portfolio it would rise to $17

but 14/9/2021 share price of cdl only stand at $7.16