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Let us see whether $5 is achievable
tankoksee ( Date: 22-Oct-2020 13:14) Posted:
pse short it to $5 n below... |
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In time to come.
pse short it to $5 n below...
Who say? He directed the management for long time. He will be missed like Leng Joo.
tankoksee ( Date: 22-Oct-2020 11:52) Posted:
QLP is a non-executive director...so no impact on the operation of cdl..
jz unhappy n decided to quit..prob he had been on the sidelined for too long..
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QLP is a non-executive director...so no impact on the operation of cdl..
jz unhappy n decided to quit..prob he had been on the sidelined for too long..
weekaykee ( Date: 22-Oct-2020 11:13) Posted:
By the time all news is out , no one will have the guts to buy even at $3.
Jamesbond007 ( Date: 22-Oct-2020 09:52) Posted:
Expect huge drop in price, more sordid tales to come.
Guess, what we read is merely a storm in a teacup.
More to come, but need patience.
Only then will u get in at a much lower price than around $7.
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Just sway lah. If you know there will definitely be a world wide year-long tourist industry/airline shutdown pandemic in 2020, back in the fall of 2019, you' d be a billionaire already. Short hotel/airline stocks hor yi si ah.
lorann ( Date: 22-Oct-2020 10:16) Posted:
Of course and wrong move
alwayshopeful ( Date: 22-Oct-2020 10:14) Posted:
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shorties churning fake/false news all over the place...
remembered venture corp...at $13...shorties oso did the same things..all manufacturing ops in malaysia closed...
n so on...now almost $21..
same jokers around..
Before or after the covid outbreak in italy/europe forced citywide shutdowns?
alwayshopeful ( Date: 22-Oct-2020 10:30) Posted:
But I remember their share price went up after the M& C privatisation.
lorann ( Date: 22-Oct-2020 10:16) Posted:
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good input from someone .......................
A Singapore stockbroking house property analyst said: " Right from the start, Sincere Group was not in a comfortable situation it was highly geared. The Chinese government has been tightening on developers' debt and I think the ' Three Red Lines' may be the last straw.
" There are two ways to cure Sincere' s high debt. One is to divest its assets, which is difficult at this point in time because they might not get the value they want. The other is for Sincere to get a cash injection to stay afloat so that the covenants are in line. For this, it will probably turn to its shareholders including CDL. Maybe Leng Peck feels this would be throwing good money after bad."
As for M& C, CDL noted that 2020 has been a difficult year for the hospitality and tourism sector.
In the first half of this year, the group' s hotel operations segment recorded a substantial pre-tax loss of S$208.2 million, which included S$33.9 million of impairment losses in view of the coronavirus pandemic.
M& C, which owns, manages and operates over 145 hotels globally, was delisted from the London bourse in October 2019 after CDL completed its privatisation exercise.
Market watchers note that Mr Kwek Leng Beng is not shy of being seen as having a revolving-door policy or high turnover of chief executives at M& C.
" My feeling is there may be some disagreement over the appointment and the frequent changing of CEOs at M& C, on the way things are being run. My suspicion is that maybe Leng Peck wants somebody to have a runway over a period of time, which Leng Beng may not want," said the stockbroking house analyst.
By the time all news is out , no one will have the guts to buy even at $3.
Jamesbond007 ( Date: 22-Oct-2020 09:52) Posted:
Expect huge drop in price, more sordid tales to come.
Guess, what we read is merely a storm in a teacup.
More to come, but need patience.
Only then will u get in at a much lower price than around $7.
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A good time to buy-and-hold.
But I remember their share price went up after the M& C privatisation.
lorann ( Date: 22-Oct-2020 10:16) Posted:
Of course and wrong move
alwayshopeful ( Date: 22-Oct-2020 10:14) Posted:
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701, 700 got 100k in buy queue, guess covering positions from s/sell
Of course and wrong move
alwayshopeful ( Date: 22-Oct-2020 10:14) Posted:
Means overpay?
Observers ( Date: 22-Oct-2020 09:24) Posted:
| their timing also abit sway... they privatised the M& C just before the pandemic outbreak |
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Means overpay?
Observers ( Date: 22-Oct-2020 09:24) Posted:
their timing also abit sway... they privatised the M& C just before the pandemic outbreak.
Peter88 ( Date: 22-Oct-2020 09:22) Posted:
| M & C with 135 hotels and Sincere are good enought to bankrupt the whle CDL group ! |
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I miss Leng Joo. He was an avid photographer.
it is tough to continue to support a lost making property comp ? nver know the actual situation over in China ( cant be good and for how long more ? )
Further its clearly stated that the mgt of CDL corpthone hotel chain is also an issue ( family business is really tough )
I think the situation is beyond match for him to resigned after so many years.
CDL is a PRIVATE company ...it cant b bill out / only SELL out if there is / anyway I doubt it will be sold . At most having a big investor into its share holding
DYODD
Sgvale ( Date: 22-Oct-2020 10:00) Posted:
| CityDev is taking a big risk buying China Property developer, Sincere Holding. The amount of money is so huge. |
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That is why i so concerned about their recent increased borrowing activities.
CityDev is taking a big risk buying China Property developer, Sincere Holding. The amount of money is so huge.
