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CityDev
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FlyingCat
Master |
23-Feb-2021 14:34
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tong say short to enjoy n drop back 20 cents.... hahaha | ||||||||||||||
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assetbase
Senior |
23-Feb-2021 14:29
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From what I gathered, Today trading,there are alot of foreign funds buying.I am sure from here city development will gap up further after they announce the result on friday. Stay tune and the dividend will be good. Follow your own judgement .Don" t be influened by those negative comments.City development is cash rich and They the management know better than those outsiders who only know how to make noise and create confusion for their own agenda
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tongphlp
Supreme |
23-Feb-2021 12:48
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CapitaLand and CDL Both Announced Profit Warnings: Should Investors Sell? January 26, 2021
https://thesmartinvestor.com.sg/capitaland-and-cdl-both-announced-profit-warnings-should-investors-sell/ ..................The outlook remains murky for property developers such as CDL and CapitaLand. Despite assurances that such fair value losses and impairments are non-recurring by nature, investors may see more of the same in 2021 as the pandemic continues to depress the value of real estate assets. Rental yields may also be negatively impacted as rental demand remains subdued in the wake of the crisis. If we layer on possible intervention from the government to cap property price appreciation, we are looking at a multitude of factors that will continue to depress developers&rsquo earnings recovery. Investors may thus be better served by allocating their money to other more promising sectors or companies. |
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tongphlp
Supreme |
23-Feb-2021 11:51
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Huat ah!
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john_ric
Supreme |
23-Feb-2021 11:49
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Results 26feb before market
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tongphlp
Supreme |
23-Feb-2021 11:49
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One forumer' s views : DYODD $CityDev(C09) is having a dead cat bounce. Lets count the factors against it. 1. Rising construction cost over covid 2. Weakening rentals 3. Crazy SPG investment right before China tightened its credit market with bad assets that they can' t dispose of. Right after acquiring bad hotels in UK and Liang Court in SG. 4. 3 seasoned directors quit in protests. Replaced with yes man who might not demur over future bad deals. 5. Minister Lawrence Wong view that Covid will last 4 to 5 years. Even $CapitaLand(C31.SI) dropped like a stone this week. Bye bye $CityDev(C09.SI) . Dont run into credit problems or raising interest rates hor. Don' t know how much the rising property market in Singapore will help you. I don' t think it will help much. So...
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tongphlp
Supreme |
23-Feb-2021 11:44
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Short to enjoy
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alleyboy
Veteran |
23-Feb-2021 11:43
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So long cdl green, he wont be talkg to himself.:)
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tongphlp
Supreme |
23-Feb-2021 11:36
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Buy CDL and Wing Tai Holdings as authorities keep close watch on residential market: JefferiesFelicia Tan Published on Thu, Jan 21, 2021 / 6:58 PM GMT+8 / Updated 2 days ago
https://www.theedgesingapore.com/capital/brokers-calls/buy-cdl-and-wing-tai-holdings-authorities-keep-close-watch-residential-market |
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tongphlp
Supreme |
23-Feb-2021 11:14
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chao ta bee hoon is one of my fav dishes :)
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tongphlp
Supreme |
23-Feb-2021 11:08
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Not hiding....hibernating :)
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iluvgambling
Master |
23-Feb-2021 10:35
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Thongs will go into hiding again lol
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FlyingCat
Master |
23-Feb-2021 10:31
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think tongphip chao ta if he really did short... super active forumer at city dev, talking all the way down n down n down
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tongphlp
Supreme |
23-Feb-2021 08:51
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see how the shares perform :)
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pasttime
Supreme |
23-Feb-2021 08:42
Yells: "gold silver are real money. not others iou." |
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very slight positive for small shareholders on annoucement of cdl parent holding help to liquidity to sincere. very slight positive on cdl buying over the 启 迪 协 信 (深 圳 )科 技 园 controlling stake, provide liquidity to sincere. 深 圳 龙 岗 区 启 迪 协 信 科 is just outside shen zhen. a strategic location that use to attract lower cost labour (compared to shen zhen) for manufacturing and near enough to port and facilities of shenzhen. improving liquidity conditions for sincere. dyodd. |
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tongphlp
Supreme |
23-Feb-2021 08:39
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CDL begins monetisation of Sincere&rsquo s assets On the afternoon of Feb 22, City Developments (CDL) made an SGXnet compliance announcement on interested party transactions, and a press release on corporate action to improve the liquidity of Sincere Property Group in which it acquired a 51% stake. The SGX announcement and the press release are unrelated, with the press release indicating that the monetisation of Sincere Property&rsquo s assets has begun, with CDL acquiring an asset with pre-sales equivalent of $1,477 million, for $174 million.
CDL announced it has entered into agreements to acquire a 55% interest in a Shenzhen technology park through the acquisition of an 84.6% equity interest in Shenzhen Tusincere Technology Park Development Co for RMB859 million ($174 million), and assume existing shareholder loans proportionately. Sincere will hold the remaining 15.4% equity in Shenzhen Tusincere Technology Park Development Co.
Shenzhen Tusincere Technology Park Development Co in turn holds a 65% equity interest in Shenzhen Longgang Tusincere Tech Park which has been valued at RMB8.8 billion (or $1,805 million) by independent valuer, Cushman & Wakefield. The remaining 35% equity interest of the Shenzhen Longgang Tusincere Tech Park is held by Shenzhen Longgang District, a state-owned enterprise.
This effectively gives CDL a 55% interest in Shenzhen Longgang Tusincere Tech Park for $174 million.
Spanning 192,739 sq m, Shenzhen Longgang Tusincere Tech Park has a total saleable gross floor area (GFA) of 413,634 sq m plus a self-held office block with GFA 162,144 sq m. The site was acquired in 2015 and comprises offices (about 70%), SOHO apartments (about 20%), 4,887 carpark lots andretail/others (about 10%).
The Shenzhen Longgang Tusincere Tech Park is being developed in four phases. Phase 1 is completed, and Phase 2 and 3 are currently under construction and expected to be completed in April 2022. Phase 4 (the self-held office block) has not yet commenced construction. As at Dec 31, 2020 the area pre-sold (first 3 phases) stood at 224,933 sq m, with total sales proceeds (including pre-sale) of RMB7.2 billion (approximately $1,477 million). CDL' s 55% share of pre-sales would be equivalent $812 million.
The project is located in Longgang District in Universiade New Town, close to the Shenzhen University Sports Centre, Shenzhen-Hong Kong International Centre, Shenzhen International College Town and Dayun Park. Connected by rail and highways to downtown Futian District 24 km away, it is about 54 km away from Shenzhen Baoan International airport and 28 km away from Shenzhen North Railway station. The Longgang District is located northeast of Shenzhen City, 30 km from Hong Kong and 150 km from Guangzhou.
This article " CDL begins monetisation of Sincere&rsquo s assets" was first published on The Edge Singapore.
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tongphlp
Supreme |
23-Feb-2021 08:37
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CDL acquires majority stake in Shenzhen tech park for $174mhttps://www.straitstimes.com/business/property/cdl-acquires-majority-stake-in-shenzhen-tech-park-for-174m |
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tongphlp
Supreme |
23-Feb-2021 08:35
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CDL acquires majority stake in Shenzhen tech park from Sincere Property, China Ping An unitshttps://www.businesstimes.com.sg/companies-markets/cdl-acquires-majority-stake-in-shenzhen-tech-park-from-sincere-property-china-ping |
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tongphlp
Supreme |
22-Feb-2021 16:50
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CDL&rsquo s Sincere Saga explained &ndash Why I will not buy this stock at $7.2
February 6, 2021
https://financialhorse.com/cdls-sincere-saga-explained-why-i-will-not-buy-this-stock-at-7-2/ |
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tongphlp
Supreme |
22-Feb-2021 13:02
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CityDev: Interested Person Transaction :: IPT - Provision of Shareholders' Loans to Joint Venture Companies22 Feb 2021 12:17
Interested Person Transaction :: IPT - Provision of Shareholders' Loans to Joint Venture Companies
https://links.sgx.com/FileOpen/2202_CDL.ashx?App=Announcement& FileID=648934 |
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