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St.Maximus Supreme	21-Oct-2020 23:21        St.Maximus About Contact  Quote this Post!
x 0   x 0  Alert Admin	I was last at this price in 2008-09, I remember? And also 1998-99? Now 2020-21... ...
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kcowen Member	21-Oct-2020 23:19        kcowen About Contact  Quote this Post!
x 0   x 0  Alert Admin	Mr Kwek Leng Peck disagrees with Mr Kwek Leng Beng, who we should follow? By the popularity of the name, i follow KLB because i haven' t heard KLP before.  But indeed, maybe there is really some issues in it, otherwise how the CDL price is so low today. ard 7， this price is not usually seen. I know in the past it happened, but it is rare.
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St.Maximus Supreme	21-Oct-2020 23:18        St.Maximus About Contact  Quote this Post!
x 0   x 0  Alert Admin	7.00 now looks a steal on this stock.
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weekaykee Master	21-Oct-2020 22:27        weekaykee About Contact  Quote this Post!
x 0   x 0  Alert Admin	Write off is speculative in that it might eventually lead to a write-off. If the danger was not there, unlikley a close blood relative of prominent family would have resigned, knowing very well the impact it would have on the stock price. His resignation letter need not have listed out the reasons so clearly NT1825      ( Date: 21-Oct-2020 21:30) Posted: Sorry, did not see any word ' write-off' or similar in meaning in the news. If this is true - please share the news link, otherwise can be construed as falsehood
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Jamesbond007 Veteran	21-Oct-2020 22:21        Jamesbond007 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Astute is not a thing that goes with every business decision one makes. One is bound to to make a misstep. but, this one can be considered serious and major.
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SpinAround Member	21-Oct-2020 22:15        SpinAround About Contact  Quote this Post!
x 0   x 0  Alert Admin	There must something be more into this. It is KLB flagship company, he is too astute to be on something so obvious. My 2 cents worth. Jamesbond007      ( Date: 21-Oct-2020 20:59) Posted: First and foremost, the ceo needs to take full responsibility and takes the gentleman' s course, leave the company.   huatster      ( Date: 21-Oct-2020 19:53) Posted: Wow, that is a lot of $$$$. Who is going to pay for it
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NT1825 Master	21-Oct-2020 21:30        NT1825 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sorry, did not see any word ' write-off' or similar in meaning in the news. If this is true - please share the news link, otherwise can be construed as falsehood
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Jamesbond007 Veteran	21-Oct-2020 20:59        Jamesbond007 About Contact  Quote this Post!
x 0   x 0  Alert Admin	First and foremost, the ceo needs to take full responsibility and takes the gentleman' s course, leave the company.   huatster      ( Date: 21-Oct-2020 19:53) Posted: Wow, that is a lot of $$$$. Who is going to pay for it? Scarldomz      ( Date: 21-Oct-2020 16:21) Posted: $1.9b is almost 30% of CDL' s market ca
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huatster Senior	21-Oct-2020 19:53        huatster About Contact  Quote this Post!
x 0   x 0  Alert Admin	Wow, that is a lot of $$$$. Who is going to pay for it? Scarldomz      ( Date: 21-Oct-2020 16:21) Posted: $1.9b is almost 30% of CDL' s market cap weekaykee      ( Date: 21-Oct-2020 16:16) Posted: The market has to price in a write off of minimum of $1.9b or even more if they hang on to Sincere for too long. It is the inisghts provided by the resignation that should worry investors
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WBdisciple Elite	21-Oct-2020 18:17        WBdisciple About Contact  Quote this Post!
x 0   x 0  Alert Admin	We are talking about a property conglomerate with a strong track record, not some kacang puteh company. Let' s not jump to conclusions...
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Jamesbond007 Veteran	21-Oct-2020 18:09        Jamesbond007 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The news is much worse than the pandemic. We are talking of huge write-off. CDL has indeed swallowed a rotten apple, this time.
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BB-trader Veteran	21-Oct-2020 18:07        BB-trader About Contact  Quote this Post!
x 0   x 0  Alert Admin	unusual to notice economy so bad, but property market still so hot
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WBdisciple Elite	21-Oct-2020 18:00        WBdisciple About Contact  Quote this Post!
x 0   x 0  Alert Admin	During COVID-19 pandemic outbreak with market plunging...CDL drop to a LOW of S$6.23. Their fundamentals is strong enough to stomach this event...in my watch list....looking to pick up on the low...
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CheeryVGoh Supreme	21-Oct-2020 17:33        CheeryVGoh About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	I am not vested, is in my watchlist.  7ocean      ( Date: 21-Oct-2020 17:27) Posted: The Storm is just begining...Trade with care.... she may sail to south... below $5 CheeryVGoh      ( Date: 21-Oct-2020 17:11) Posted: The Edge Singapore  Published on Wed, Oct 21, 2020 / 2:21 PM GMT+8 / Updated 1 hours ago Kwek Leng Peck, cousin of City Developments' executive chairman Kwek Leng Beng, has &ldquo regrettably&rdquo resigned from the board of the property giant.   Leng Peck, according to his letter of resignation cited by CDL, disagreed with CDL&rsquo s investment in Sincere Property Group, including the continuing of financial support totalling $1.9 billion to the China-based developer.   In addition, Leng Peck has &ldquo reservations&rdquo with CDL' s approach in the management of its hospitality unit, Millennium & Copthorne Hotels.   Earlier this year, CDL took a 51% stake in Sincere for RMB4.4 billion. It has also subscribed for US$230 million worth of bonds and provided a working capital loan of RMB650 million.   CDL has also provided a liquidity support undertaking totalling RMB 1.5 billion relating to the bonds issued by Sincere that&rsquo s maturing on Oct 26. It is also putting up a RMB1.5 billion corporate guarantee to loans taken out by Sincere.     According to CDL in an SGX announcement, no thanks to Covid-19, the liquidity position at Sincere is challenging, which has added further pressure on top of property cooling measures in China.   &ldquo The intended asset divestment plan for some of Sincere&rsquo s retail, hospitality, office and business parks assets, to lighten its debt load on investment properties exposure and to shore up its residential development plans as a key strategy to transform this platform, is now expected to take place over a longer period of time due to the current climate,&rdquo adds CDL.   CDL is going to appoint an external financial advisor to help evaluate and review its investment in Sincere.   &ldquo The impact on the group or its financial reporting will be prepared and calibrated together with the external financial advisor,&rdquo the company says.
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halleluyah Supreme	21-Oct-2020 17:31        halleluyah About Contact  Quote this Post!
x 0   x 0  Alert Admin	if is a feud in fmly then will be vry messy....not vested n no interest.... FATABA      ( Date: 21-Oct-2020 17:23) Posted: Expect a big amt to wipe off $2B ?  whatever, it surprise when this deal was NOT very long ago ....u mean they hv a rotten apple  ( anyway not surprise with more these situation in China coming up /pandemic)  But I wonder what other issue is inside this disagreement ???    dont hv to resign mah ?  a big disagrement moving forward ?  Will some of CDL investment in China also affected.  Anyway , just one afternoon , its price direction is very clear.  Stay caution on this type of news  Dyodd FATABA      ( Date: 21-Oct-2020 14:23) Posted: The situation dont look positive at all.  Loans to Sincere is very large.....more so why does he need to resign ( if just loan alone )  He has been w CDL for very long time n officially say in SGX that they are disagreement w board .  Hmm , cant this be settled ?  I am very uncomfortable when a MAJOT key person resigned ?  Dyodd  Not vested
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7ocean Master	21-Oct-2020 17:27        7ocean About Contact  Quote this Post!
x 0   x 0  Alert Admin	The Storm is just begining...Trade with care.... she may sail to south... below $5 CheeryVGoh      ( Date: 21-Oct-2020 17:11) Posted: The Edge Singapore  Published on Wed, Oct 21, 2020 / 2:21 PM GMT+8 / Updated 1 hours ago Kwek Leng Peck, cousin of City Developments' executive chairman Kwek Leng Beng, has &ldquo regrettably&rdquo resigned from the board of the property giant.   Leng Peck, according to his letter of resignation cited by CDL, disagreed with CDL&rsquo s investment in Sincere Property Group, including the continuing of financial support totalling $1.9 billion to the China-based developer.   In addition, Leng Peck has &ldquo reservations&rdquo with CDL' s approach in the management of its hospitality unit, Millennium & Copthorne Hotels.   Earlier this year, CDL took a 51% stake in Sincere for RMB4.4 billion. It has also subscribed for US$230 million worth of bonds and provided a working capital loan of RMB650 million.   CDL has also provided a liquidity support undertaking totalling RMB 1.5 billion relating to the bonds issued by Sincere that&rsquo s maturing on Oct 26. It is also putting up a RMB1.5 billion corporate guarantee to loans taken out by Sincere.     According to CDL in an SGX announcement, no thanks to Covid-19, the liquidity position at Sincere is challenging, which has added further pressure on top of property cooling measures in China.   &ldquo The intended asset divestment plan for some of Sincere&rsquo s retail, hospitality, office and business parks assets, to lighten its debt load on investment properties exposure and to shore up its residential development plans as a key strategy to transform this platform, is now expected to take place over a longer period of time due to the current climate,&rdquo adds CDL.   CDL is going to appoint an external financial advisor to help evaluate and review its investment in Sincere.   &ldquo The impact on the group or its financial reporting will be prepared and calibrated together with the external financial advisor,&rdquo the company says.
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FATABA Supreme	21-Oct-2020 17:23        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Expect a big amt to wipe off $2B ?  whatever, it surprise when this deal was NOT very long ago ....u mean they hv a rotten apple  ( anyway not surprise with more these situation in China coming up /pandemic)  But I wonder what other issue is inside this disagreement ???    dont hv to resign mah ?  a big disagrement moving forward ?  Will some of CDL investment in China also affected.  Anyway , just one afternoon , its price direction is very clear.  Stay caution on this type of news  Dyodd FATABA      ( Date: 21-Oct-2020 14:23) Posted: The situation dont look positive at all.  Loans to Sincere is very large.....more so why does he need to resign ( if just loan alone )  He has been w CDL for very long time n officially say in SGX that they are disagreement w board .  Hmm , cant this be settled ?  I am very uncomfortable when a MAJOT key person resigned ?  Dyodd  Not vested
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CheeryVGoh Supreme	21-Oct-2020 17:11        CheeryVGoh About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	The Edge Singapore  Published on Wed, Oct 21, 2020 / 2:21 PM GMT+8 / Updated 1 hours ago Kwek Leng Peck, cousin of City Developments' executive chairman Kwek Leng Beng, has &ldquo regrettably&rdquo resigned from the board of the property giant.   Leng Peck, according to his letter of resignation cited by CDL, disagreed with CDL&rsquo s investment in Sincere Property Group, including the continuing of financial support totalling $1.9 billion to the China-based developer.   In addition, Leng Peck has &ldquo reservations&rdquo with CDL' s approach in the management of its hospitality unit, Millennium & Copthorne Hotels.   Earlier this year, CDL took a 51% stake in Sincere for RMB4.4 billion. It has also subscribed for US$230 million worth of bonds and provided a working capital loan of RMB650 million.   CDL has also provided a liquidity support undertaking totalling RMB 1.5 billion relating to the bonds issued by Sincere that&rsquo s maturing on Oct 26. It is also putting up a RMB1.5 billion corporate guarantee to loans taken out by Sincere.     According to CDL in an SGX announcement, no thanks to Covid-19, the liquidity position at Sincere is challenging, which has added further pressure on top of property cooling measures in China.   &ldquo The intended asset divestment plan for some of Sincere&rsquo s retail, hospitality, office and business parks assets, to lighten its debt load on investment properties exposure and to shore up its residential development plans as a key strategy to transform this platform, is now expected to take place over a longer period of time due to the current climate,&rdquo adds CDL.   CDL is going to appoint an external financial advisor to help evaluate and review its investment in Sincere.   &ldquo The impact on the group or its financial reporting will be prepared and calibrated together with the external financial advisor,&rdquo the company says.
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CheeryVGoh Supreme	21-Oct-2020 17:01        CheeryVGoh About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Ha ha !  Low hanging durian.   Starship      ( Date: 21-Oct-2020 16:57) Posted: CheeryVGoh      ( Date: 21-Oct-2020 16:52) Posted: Better don' t pick this durian for now
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Jamesbond007 Veteran	21-Oct-2020 16:58        Jamesbond007 About Contact  Quote this Post!
x 0   x 0  Alert Admin	$5?
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