$CityDev (C09.SG)$ Will it dropped further? there is no news about CDL . US taffi i don't see it will affected much on property management and investment, though ..
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102289622
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as index drop it also have reason drop more
$CityDev (C09.SG)$the family was not the largest share holder so board can not have so many family members need find powerful person to run the company
Edit Names
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PE ratio seems to be on a high side considering its financial performace for the past 5 years. Go have a look at UOL, similar business in a way. Compare then you can decide if you want to let go.
Serendipity28
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Irresponsible owner who does not give a damn about its investors. Since the last quarterly result, they have yet to come out with any actionable plans to spruce up its performance.
Deep Sea
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The oublic holds 51% stake in city dev. Someone has to take the lead to gather the support from public to remove both the father and son from the board. They are doing nothing to push up the stock price. Useless people.
$CityDev (C09.SG)$after family dispute settled should see greener pastures now
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_MK_Watcher_
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Highly unlikely its price will move up significantly as no clear recovery action plan announced. It will be already a blessing when it stay above 5, as days go by. (Update) Looking at the chart over the weekend found it is indeed a disturbing sign as it has been making series of LLs and LHs continuously. No surprise it hit 48x and below when the market melt down.
$CityDev (C09.SG)$$UOL (U14.SG)$ As of today, the market capitalisation of the company is 4.4B which is lower than UOL market cap of 4.9B this is despite the fact that CDL has an asset base that is 10B more than UOL.
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524773
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the market is irrational here which also means great opportunity for those who see this and pounce on the opportunity. CDL doesn't need to do a lot. it will come naturally. 1- recognition of revenue that comes from delayed project last year. 2-continued savings on interest rate since they omly started benefit from it in sept last year. this will be more evident from this year. 3- last year operational free cash flow is 4-5x EPS. you can expect this to show up in this and next year's EPS. the results will come by itself. 4-doing more is always welcome so any unlocking of nav via asset sales at no loss to latest valuation will unlock nav, reduce gearing. 5- still some inventory of units not yet taken fully. you can expect more sales proceeds as these get sold off. 6-orie. this will translate into figures this FY. 7- many more launches to come this year. got one I can't remember the name. newport if they decide this is the year to launch. xintiandi site. this should be a put money take money counter. for those already sunken in just got to be patient. for those not yet in, I think can consider to come in the party already.
KB trader : enroute 4.3x
Deep Sea : just wait for the useless quek to clear assets to return money back to the shareholders.