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CityDev
tongphlp
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29-Dec-2021 20:36     
 
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 Alert Admin 		that explains the institutional selling over the last weeks....of course, retailers are always the last to know...and got stuck..

ETLee8      ( Date: 29-Dec-2021 16:58) Posted:

The changing of COO, the selling of a key asset, to meet urgent obligations, .. all these are stress points that can not be taken lightly.
Today, volume very low,... all are retail inestors trades, macham cheering for the SG Soccer team in the Suzuki Cup,  Ha H a Ha

tongphlp      ( Date: 29-Dec-2021 16:10) Posted:

you nailed it..." surprising for CDL to give this up" ...as investors, we only can speculate why...dire in need of $$ urgently? your guess is just as good as mine..
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ETLee8
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29-Dec-2021 16:58     
 
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 Alert Admin 		The changing of COO, the selling of a key asset, to meet urgent obligations, .. all these are stress points that can not be taken lightly.
Today, volume very low,... all are retail inestors trades, macham cheering for the SG Soccer team in the Suzuki Cup,  Ha H a Ha

tongphlp      ( Date: 29-Dec-2021 16:10) Posted:

you nailed it..." surprising for CDL to give this up" ...as investors, we only can speculate why...dire in need of $$ urgently? your guess is just as good as mine...

cloudy.mountain      ( Date: 29-Dec-2021 10:19) Posted:

i have to agree. this move to sell the hotel and its adjacent land in the middle of Seoul is not a great one.

firstly the sale proceeds will be used to paid down debt (shareholders are not rewarded)
secondly it marks a retreat from a key gateway city in Asia.
thirdly if you were to google map the area you will realise that there is very little pockets of land in the area (it is mostly built up) and the real estate there rarely transacts. the scarcity and rarity made Keppel Reit pounce on T Tower back then. so its surprising for CDL to give this vast expanse of real estate up
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tongphlp
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29-Dec-2021 16:10     
 
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 Alert Admin 		you nailed it..." surprising for CDL to give this up" ...as investors, we only can speculate why...dire in need of $$ urgently? your guess is just as good as mine...

cloudy.mountain      ( Date: 29-Dec-2021 10:19) Posted:

i have to agree. this move to sell the hotel and its adjacent land in the middle of Seoul is not a great one.

firstly the sale proceeds will be used to paid down debt (shareholders are not rewarded)
secondly it marks a retreat from a key gateway city in Asia.
thirdly if you were to google map the area you will realise that there is very little pockets of land in the area (it is mostly built up) and the real estate there rarely transacts. the scarcity and rarity made Keppel Reit pounce on T Tower back then. so its surprising for CDL to give this vast expanse of real estate up.

ETLee8      ( Date: 29-Dec-2021 08:32) Posted:

The sale of Seoul Hilton in South Korea though profitable, means an Exit of CDL from one of the world' s major cities.
It must be a hard decision to make, probably it was the best option since the company need cash badly at this moment.
The sale of the other 3 hotels in the Ang Mo countries do not fetch much (nothing mentioned any gains or lossess)
DYOD
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tongphlp
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29-Dec-2021 14:24     
 
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 Alert Admin 		Do = Die.
Don' t Do = Also Die.
 

cloudy.mountain      ( Date: 29-Dec-2021 10:19) Posted:

i have to agree. this move to sell the hotel and its adjacent land in the middle of Seoul is not a great one.

firstly the sale proceeds will be used to paid down debt (shareholders are not rewarded)
secondly it marks a retreat from a key gateway city in Asia.
thirdly if you were to google map the area you will realise that there is very little pockets of land in the area (it is mostly built up) and the real estate there rarely transacts. the scarcity and rarity made Keppel Reit pounce on T Tower back then. so its surprising for CDL to give this vast expanse of real estate up.

ETLee8      ( Date: 29-Dec-2021 08:32) Posted:

The sale of Seoul Hilton in South Korea though profitable, means an Exit of CDL from one of the world' s major cities.
It must be a hard decision to make, probably it was the best option since the company need cash badly at this moment.
The sale of the other 3 hotels in the Ang Mo countries do not fetch much (nothing mentioned any gains or lossess)
DYOD
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tongphlp
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29-Dec-2021 13:01     
 
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 Alert Admin 		haha yah bro, you are correct..COO is also one of their own family members...

PhillipTan      ( Date: 29-Dec-2021 12:30) Posted:

Up 6 cents because CDL oversold
Should go up to 7 soon
 

tongphlp      ( Date: 29-Dec-2021 07:26) Posted:

hmm...new COO, up 6c.....new CEO maybe up 60c! :
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PhillipTan
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29-Dec-2021 12:30     
 
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 Alert Admin 		Up 6 cents because CDL oversold
Should go up to 7 soon
 

tongphlp      ( Date: 29-Dec-2021 07:26) Posted:

hmm...new COO, up 6c.....new CEO maybe up 60c! :)

PhillipTan      ( Date: 28-Dec-2021 19:43) Posted:

CDL appoints new group COO, announces changes to board

Property developer City Developments Ltd (CDL) announced that it has appointed its current group chief strategy officer Kwek Eik Sheng to be the group' s chief operating officer (COO) from Jan 1, 2022.

CDL also announced that Philip Yeo Liat Kok will be redesignated as a non-independent director from Jan 1, 2022, having served more than 9 years on the board.

Yeo will also cease to be chairman and member of the nominating committee as well as member of the board sustainability committee (BSC). Ong Lian Jin Colin will take over as chairman of the nominating committee, while Chong Yoon Chou will be appointed as a member of the BSC.

While Yeo had expressed his intention to step down from the board, the company' s nominating committee recommended that he remain to maintain a balance of experienced and new independent directors (IDs) on the board.

Furthermore, CDL announced Baker McKenzie.Wong & Leow lawyer Wong Ai Ai' s appointment as an independent director on the board. The company noted that she has led a range of landmark transactions for blue-chip clients and led Baker McKenzie as chair of the Asia-Pacific region as well as a member of its global executive committee.

Wong is also a board member of the Singapore Tourism Board and a founding steering committee member of Climate Governance Singapore Limited, a World Economic Forum led initiative to educate non-executive directors on the impact of climate change.

CDL shares closed up 0.9 per cent or S$0.06 at S$6.78 on Tuesday (Dec 28), before the announcements were made.

 


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cloudy.mountain
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29-Dec-2021 10:19     
 
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 Alert Admin 		i have to agree. this move to sell the hotel and its adjacent land in the middle of Seoul is not a great one.

firstly the sale proceeds will be used to paid down debt (shareholders are not rewarded)
secondly it marks a retreat from a key gateway city in Asia.
thirdly if you were to google map the area you will realise that there is very little pockets of land in the area (it is mostly built up) and the real estate there rarely transacts. the scarcity and rarity made Keppel Reit pounce on T Tower back then. so its surprising for CDL to give this vast expanse of real estate up.

ETLee8      ( Date: 29-Dec-2021 08:32) Posted:

The sale of Seoul Hilton in South Korea though profitable, means an Exit of CDL from one of the world' s major cities.
It must be a hard decision to make, probably it was the best option since the company need cash badly at this moment.
The sale of the other 3 hotels in the Ang Mo countries do not fetch much (nothing mentioned any gains or lossess)
DYODD

pasttime      ( Date: 28-Dec-2021 21:16) Posted:

hi, korean hotel sale value is 1.2b not talking about profit. the sale value will affect the overall liquidity. which you constantly talk high debt as a problem. the projected 3.167b is sale value not talking about cash flow.
it is also not quite correct to assume that fund sold at $x means they must buy back at lower then $x. they can still be holding many shares. it is the overall average that counts and we no know how to account for profit.  one can forget what price one sold in past. buy $n and sell $n+$p then they make $p.    this is a game that man plays so it has multiple possible combinations, not just simple, sell and buy must make in each transactions. average profit can already. even lost this make else where also possible, 
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Joelton
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29-Dec-2021 09:04     
 
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 Alert Admin
CDL appoints new group COO, announces changes to board
PROPERTY developer City Developments Ltd (CDL) CityDev: C09 +0.89% announced that it has appointed its current group chief strategy officer Kwek Eik Sheng to be the group' s chief operating officer (COO) from Jan 1, 2022.
 
CDL also announced that Philip Yeo Liat Kok will be redesignated as a non-independent director from Jan 1, 2022, having served more than 9 years on the board.
 
Yeo will also cease to be chairman and member of the nominating committee as well as member of the board sustainability committee (BSC). Ong Lian Jin Colin will take over as chairman of the nominating committee, while Chong Yoon Chou will be appointed as a member of the BSC.
 
While Yeo had expressed his intention to step down from the board, the company' s nominating committee recommended that he remain to maintain a balance of experienced and new independent directors (IDs) on the board.
 
Furthermore, CDL announced Baker McKenzie.Wong & Leow lawyer Wong Ai Ai' s appointment as an independent director on the board. The company noted that she has led a range of landmark transactions for blue-chip clients and led Baker McKenzie as chair of the Asia-Pacific region as well as a member of its global executive committee.
 
Wong is also a board member of the Singapore Tourism Board and a founding steering committee member of Climate Governance Singapore Limited, a World Economic Forum led initiative to educate non-executive directors on the impact of climate change.
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ETLee8
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29-Dec-2021 08:32     
 
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 Alert Admin 		The sale of Seoul Hilton in South Korea though profitable, means an Exit of CDL from one of the world' s major cities.
It must be a hard decision to make, probably it was the best option since the company need cash badly at this moment.
The sale of the other 3 hotels in the Ang Mo countries do not fetch much (nothing mentioned any gains or lossess)
DYODD

pasttime      ( Date: 28-Dec-2021 21:16) Posted:

hi, korean hotel sale value is 1.2b not talking about profit. the sale value will affect the overall liquidity. which you constantly talk high debt as a problem. the projected 3.167b is sale value not talking about cash flow.
it is also not quite correct to assume that fund sold at $x means they must buy back at lower then $x. they can still be holding many shares. it is the overall average that counts and we no know how to account for profit.  one can forget what price one sold in past. buy $n and sell $n+$p then they make $p.    this is a game that man plays so it has multiple possible combinations, not just simple, sell and buy must make in each transactions. average profit can already. even lost this make else where also possible, 

ETLee8      ( Date: 28-Dec-2021 20:38) Posted:

Correction :
The Seoul Hilton sale net gain after deducting from Book vlaue and Tax is $529.7M deal to be completed by 28 feb 2022. (maybe FY2022 financials ??)
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tongphlp
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29-Dec-2021 07:26     
 
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 Alert Admin 		hmm...new COO, up 6c.....new CEO maybe up 60c! :)

PhillipTan      ( Date: 28-Dec-2021 19:43) Posted:

CDL appoints new group COO, announces changes to board

Property developer City Developments Ltd (CDL) announced that it has appointed its current group chief strategy officer Kwek Eik Sheng to be the group' s chief operating officer (COO) from Jan 1, 2022.

CDL also announced that Philip Yeo Liat Kok will be redesignated as a non-independent director from Jan 1, 2022, having served more than 9 years on the board.

Yeo will also cease to be chairman and member of the nominating committee as well as member of the board sustainability committee (BSC). Ong Lian Jin Colin will take over as chairman of the nominating committee, while Chong Yoon Chou will be appointed as a member of the BSC.

While Yeo had expressed his intention to step down from the board, the company' s nominating committee recommended that he remain to maintain a balance of experienced and new independent directors (IDs) on the board.

Furthermore, CDL announced Baker McKenzie.Wong & Leow lawyer Wong Ai Ai' s appointment as an independent director on the board. The company noted that she has led a range of landmark transactions for blue-chip clients and led Baker McKenzie as chair of the Asia-Pacific region as well as a member of its global executive committee.

Wong is also a board member of the Singapore Tourism Board and a founding steering committee member of Climate Governance Singapore Limited, a World Economic Forum led initiative to educate non-executive directors on the impact of climate change.

CDL shares closed up 0.9 per cent or S$0.06 at S$6.78 on Tuesday (Dec 28), before the announcements were made.

 

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tongphlp
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29-Dec-2021 07:24     
 
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 Alert Admin 		Wha COW....investors don' t care who is COO...how come no change of CEO? :)
Chinese saying, change soup but medicine remains the same....

PhillipTan      ( Date: 28-Dec-2021 19:43) Posted:

CDL appoints new group COO, announces changes to board

Property developer City Developments Ltd (CDL) announced that it has appointed its current group chief strategy officer Kwek Eik Sheng to be the group' s chief operating officer (COO) from Jan 1, 2022.

CDL also announced that Philip Yeo Liat Kok will be redesignated as a non-independent director from Jan 1, 2022, having served more than 9 years on the board.

Yeo will also cease to be chairman and member of the nominating committee as well as member of the board sustainability committee (BSC). Ong Lian Jin Colin will take over as chairman of the nominating committee, while Chong Yoon Chou will be appointed as a member of the BSC.

While Yeo had expressed his intention to step down from the board, the company' s nominating committee recommended that he remain to maintain a balance of experienced and new independent directors (IDs) on the board.

Furthermore, CDL announced Baker McKenzie.Wong & Leow lawyer Wong Ai Ai' s appointment as an independent director on the board. The company noted that she has led a range of landmark transactions for blue-chip clients and led Baker McKenzie as chair of the Asia-Pacific region as well as a member of its global executive committee.

Wong is also a board member of the Singapore Tourism Board and a founding steering committee member of Climate Governance Singapore Limited, a World Economic Forum led initiative to educate non-executive directors on the impact of climate change.

CDL shares closed up 0.9 per cent or S$0.06 at S$6.78 on Tuesday (Dec 28), before the announcements were made.

 

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ETLee8
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28-Dec-2021 23:36     
 
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 Alert Admin 		Bro Pasttime,

City Developments Ltd < CTDM.SI> ::CITY DEVELOPMENTS LTD - ANNOUNCEMENT ON PROPOSED SALE OF PROPERTY BY CDL HOTELS (KOREA) LTD.CITY DEVELOPMENTS LTD - DEAL FOR ABOUT S$1.26 BILLION.CITY DEVELOPMENTS LTD SEES ESTIMATED GAIN IN INCOME STATEMENT OF APPROXIMATELY S$529.73 MILLION AFTER DEAL. 
This divestment may not be included in current financial year as the deal likely to be completed by 28 feb 2022.

Projected sale of $3.167B for property, buyers only pay 30% within the first month of purchase.  This works out to about $950.1M collected.
The balance of the payment will be in phases Foundation, Fitting & Furnishing, ........TOP and it can be stretched 3-5 years till when the property is completed and ready.   

These amounts together with the $2.5B cash on hand will help in paying the debts ($3.6B) for this year
 

pasttime      ( Date: 28-Dec-2021 21:16) Posted:

hi, korean hotel sale value is 1.2b not talking about profit. the sale value will affect the overall liquidity. which you constantly talk high debt as a problem. the projected 3.167b is sale value not talking about cash flow.
it is also not quite correct to assume that fund sold at $x means they must buy back at lower then $x. they can still be holding many shares. it is the overall average that counts and we no know how to account for profit.  one can forget what price one sold in past. buy $n and sell $n+$p then they make $p.    this is a game that man plays so it has multiple possible combinations, not just simple, sell and buy must make in each transactions. average profit can already. even lost this make else where also possible, 

ETLee8      ( Date: 28-Dec-2021 20:38) Posted:

Correction :
The Seoul Hilton sale net gain after deducting from Book vlaue and Tax is $529.7M deal to be completed by 28 feb 2022. (maybe FY2022 financials ??)
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pasttime
Supreme
28-Dec-2021 21:20     
 
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 Alert Admin 		is it not better to post tuan sing, uol, hk land in their respective forum thread?
 

ETLee8      ( Date: 28-Dec-2021 20:52) Posted:

Tuan Sing
I was looking thru the financials of this counter Tuan Sing and it looks very attractive and very healthy too.   
Profits of $100.7m, EPS 8.5 cts,  most important NAV of $1.052, very low bank borrowings unsecured loans only $69M and with Cash on hand of $250M
Also listing of 43% owned GUL Tech coming soon.
Worth to accumulate now as risk is low with high upside potential despite some news(likely not related ) on batam.
It is now trading more than 50% discount (45 cts) to its NAV ($1.052)

Personally I recommend switch to UOL, HK Land, Tuan Sing for better and faster returns and more importantly low risk.
All 3 counters have been doing share buybacks (UOL directors bought shares at around $6.98) for the last 2 months.
 

ETLee8      ( Date: 28-Dec-2021 20:38) Posted:

Correction :
The Seoul Hilton sale net gain after deducting from Book vlaue and Tax is $529.7M deal to be completed by 28 feb 2022. (maybe FY2022 financials ??)
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pasttime
Supreme
28-Dec-2021 21:16     
 
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 Alert Admin 		hi, korean hotel sale value is 1.2b not talking about profit. the sale value will affect the overall liquidity. which you constantly talk high debt as a problem. the projected 3.167b is sale value not talking about cash flow.
it is also not quite correct to assume that fund sold at $x means they must buy back at lower then $x. they can still be holding many shares. it is the overall average that counts and we no know how to account for profit.  one can forget what price one sold in past. buy $n and sell $n+$p then they make $p.    this is a game that man plays so it has multiple possible combinations, not just simple, sell and buy must make in each transactions. average profit can already. even lost this make else where also possible, 

ETLee8      ( Date: 28-Dec-2021 20:38) Posted:

Correction :
The Seoul Hilton sale net gain after deducting from Book vlaue and Tax is $529.7M deal to be completed by 28 feb 2022. (maybe FY2022 financials ??)

ETLee8      ( Date: 28-Dec-2021 15:35) Posted:

Bro, 
Do not inflate the numbers leh.
Assuming u are right, by end of year total sales is $3.167B, taking 20% downpayment that works out to about $633M upfront income.
The Seoul Hilton sale net gain after deducting from Book vlaue and Tax is $629.7M deal to be completed by 28 feb 2022. (maybe FY2022 financials ??)
The cash received is very minimal compared to the debt of $3.6B that needs to be paid.
Hello, u think got advanced payment in full AHHHH!!
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ETLee8
Master
28-Dec-2021 20:52     
 
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 Alert Admin 		Tuan Sing
I was looking thru the financials of this counter Tuan Sing and it looks very attractive and very healthy too.   
Profits of $100.7m, EPS 8.5 cts,  most important NAV of $1.052, very low bank borrowings unsecured loans only $69M and with Cash on hand of $250M
Also listing of 43% owned GUL Tech coming soon.
Worth to accumulate now as risk is low with high upside potential despite some news(likely not related ) on batam.
It is now trading more than 50% discount (45 cts) to its NAV ($1.052)

Personally I recommend switch to UOL, HK Land, Tuan Sing for better and faster returns and more importantly low risk.
All 3 counters have been doing share buybacks (UOL directors bought shares at around $6.98) for the last 2 months.
 

ETLee8      ( Date: 28-Dec-2021 20:38) Posted:

Correction :
The Seoul Hilton sale net gain after deducting from Book vlaue and Tax is $529.7M deal to be completed by 28 feb 2022. (maybe FY2022 financials ??)

ETLee8      ( Date: 28-Dec-2021 15:35) Posted:

Bro, 
Do not inflate the numbers leh.
Assuming u are right, by end of year total sales is $3.167B, taking 20% downpayment that works out to about $633M upfront income.
The Seoul Hilton sale net gain after deducting from Book vlaue and Tax is $629.7M deal to be completed by 28 feb 2022. (maybe FY2022 financials ??)
The cash received is very minimal compared to the debt of $3.6B that needs to be paid.
Hello, u think got advanced payment in full AHHHH!!
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ETLee8
Master
28-Dec-2021 20:38     
 
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 Alert Admin 		Correction :
The Seoul Hilton sale net gain after deducting from Book vlaue and Tax is $529.7M deal to be completed by 28 feb 2022. (maybe FY2022 financials ??)

ETLee8      ( Date: 28-Dec-2021 15:35) Posted:

Bro, 
Do not inflate the numbers leh.
Assuming u are right, by end of year total sales is $3.167B, taking 20% downpayment that works out to about $633M upfront income.
The Seoul Hilton sale net gain after deducting from Book vlaue and Tax is $629.7M deal to be completed by 28 feb 2022. (maybe FY2022 financials ??)
The cash received is very minimal compared to the debt of $3.6B that needs to be paid.
Hello, u think got advanced payment in full AHHHH!!!

pasttime      ( Date: 28-Dec-2021 15:01) Posted:

ah lee, 2 is always better then 1. nothing wrong with joint venture with other developer to develop a project.
today is 28 Dec 21. if debt for the year got problem then 3 more days to burst!!!. believer of that theory
can sell and short heavily. the line up of action plan means there will be a wave of good news down the road.
canninghill piers to date sold value of $1,334,321,000  (numbers from ura web)  cdl share about 667m
they have also sold more of other properties. q3 they reported sale of 9m sale of 2.5b  at eyar end it will be at least 
3.167b for the year. sale of 3.167b no good? sale of korean hotel at 1.2b no good? waiting for more good news.
covid19. us cdc has reduced isolation time to 5 days for asymptomatic cases from previous 10 days.
so covid19 fear is reducing with the necessary measures. 
cooling measures also announced. some impact. mostly nothing.
a reasonable analysis by william chen powerhaus on his facebook.
go read it.
 


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PhillipTan
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28-Dec-2021 19:43     
 
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 Alert Admin

CDL appoints new group COO, announces changes to board

Property developer City Developments Ltd (CDL) announced that it has appointed its current group chief strategy officer Kwek Eik Sheng to be the group' s chief operating officer (COO) from Jan 1, 2022.

CDL also announced that Philip Yeo Liat Kok will be redesignated as a non-independent director from Jan 1, 2022, having served more than 9 years on the board.

Yeo will also cease to be chairman and member of the nominating committee as well as member of the board sustainability committee (BSC). Ong Lian Jin Colin will take over as chairman of the nominating committee, while Chong Yoon Chou will be appointed as a member of the BSC.

While Yeo had expressed his intention to step down from the board, the company' s nominating committee recommended that he remain to maintain a balance of experienced and new independent directors (IDs) on the board.

Furthermore, CDL announced Baker McKenzie.Wong & Leow lawyer Wong Ai Ai' s appointment as an independent director on the board. The company noted that she has led a range of landmark transactions for blue-chip clients and led Baker McKenzie as chair of the Asia-Pacific region as well as a member of its global executive committee.

Wong is also a board member of the Singapore Tourism Board and a founding steering committee member of Climate Governance Singapore Limited, a World Economic Forum led initiative to educate non-executive directors on the impact of climate change.

CDL shares closed up 0.9 per cent or S$0.06 at S$6.78 on Tuesday (Dec 28), before the announcements were made.

 
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ETLee8
Master
28-Dec-2021 15:35     
 
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 Alert Admin 		Bro, 
Do not inflate the numbers leh.
Assuming u are right, by end of year total sales is $3.167B, taking 20% downpayment that works out to about $633M upfront income.
The Seoul Hilton sale net gain after deducting from Book vlaue and Tax is $629.7M deal to be completed by 28 feb 2022. (maybe FY2022 financials ??)
The cash received is very minimal compared to the debt of $3.6B that needs to be paid.
Hello, u think got advanced payment in full AHHHH!!!

pasttime      ( Date: 28-Dec-2021 15:01) Posted:

ah lee, 2 is always better then 1. nothing wrong with joint venture with other developer to develop a project.
today is 28 Dec 21. if debt for the year got problem then 3 more days to burst!!!. believer of that theory
can sell and short heavily. the line up of action plan means there will be a wave of good news down the road.
canninghill piers to date sold value of $1,334,321,000  (numbers from ura web)  cdl share about 667m
they have also sold more of other properties. q3 they reported sale of 9m sale of 2.5b  at eyar end it will be at least 
3.167b for the year. sale of 3.167b no good? sale of korean hotel at 1.2b no good? waiting for more good news.
covid19. us cdc has reduced isolation time to 5 days for asymptomatic cases from previous 10 days.
so covid19 fear is reducing with the necessary measures. 
cooling measures also announced. some impact. mostly nothing.
a reasonable analysis by william chen powerhaus on his facebook.
go read it.
 

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pasttime
Supreme
28-Dec-2021 15:01     
 
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Yells: "gold silver are real money. not others iou."
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 Alert Admin 		ah lee, 2 is always better then 1. nothing wrong with joint venture with other developer to develop a project.
today is 28 Dec 21. if debt for the year got problem then 3 more days to burst!!!. believer of that theory
can sell and short heavily. the line up of action plan means there will be a wave of good news down the road.
canninghill piers to date sold value of $1,334,321,000  (numbers from ura web)  cdl share about 667m
they have also sold more of other properties. q3 they reported sale of 9m sale of 2.5b  at eyar end it will be at least 
3.167b for the year. sale of 3.167b no good? sale of korean hotel at 1.2b no good? waiting for more good news.
covid19. us cdc has reduced isolation time to 5 days for asymptomatic cases from previous 10 days.
so covid19 fear is reducing with the necessary measures. 
cooling measures also announced. some impact. mostly nothing.
a reasonable analysis by william chen powerhaus on his facebook.
go read it.
 
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cloudy.mountain
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28-Dec-2021 14:50     
 
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eh guys chill ah. i think some of us are vested and have valid reasons to be vested while some of us only watch show. so i got no intention to make the low go lower just feel that CDL is an unpolished gem and it could have been many things...just unfortunate that it is in a situation right now that makes it harder to go the way of capitaland or even mapletree.

ETLee8      ( Date: 28-Dec-2021 13:57) Posted:

It is very obvious that CDL is financially stretched.  Over the last few years, u will noticed that all their property development projects are on a 50-50% joint venture.
In safe SG, risk is very minimal, why not take all and earn more ???   
There are also many advanced announcements such as divestment, redevelopment, listing of REITs, ..etc  when is it happening ? 3 to 5 years down the road ???
It has to pay up $3.6B of unsecured loans within this year and with their $2.5B cash on hand, it is insufficient.

pasttime      ( Date: 28-Dec-2021 13:34) Posted:

cloudy.mountain, greetings.
it is true that redevelopmetn cost more then new build. however no businessman will redevelop if there is no profit. in the case of fuji xerox and central mall there are plot ratio to be gain after redevelopment. that is substaintial profit for redevelopment.  yes land is always a problem for developer. no land nothing to talk about development. so one see established developer try to build recurring income in other ways. like rental property, hotel, office, reak estate management. 
in he near future, increased government land sale will provide some opportunities. overseas we saw increased land bank in nz etc. so naturally debt is increased. but some people think high debt is  bad. so i think how to do land banking with very low or little cost. ----? reits, buy freehold sell as 99 years, etc the people in the trade are all cracking their head. land being in limited supply will always go up in price especially those in prime location
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