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Doubts over Sincere Property' s viability and likelihood that CDL may lose all of its $1.9b invested in Sincere.
Scarldomz ( Date: 21-Oct-2020 15:18) Posted:
| Price looks attractive but need to know if there is any other major reason for the price drop... |
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I am not worried about family feud.
I am more worried about CDL having to write off its investments in Sincere Property in China, which was already sinking before they acquired amajority stake in it. They already have $1.9billion invested / to be ploghed into Sincere and at same time its vialibity could be in doubt.
If anything, this resignation revealed that CDL may have to eventually write off $1.9billion of its investment in Sincere
If so, what will be its revised NAV.?
The negativity is going to keep CDL' s price depressed for a while.
I am holding 15 lots at average of around $7.60. Maybe time to jump ship and move over to stocks like SCI or SATs.
NT1825 ( Date: 21-Oct-2020 15:23) Posted:
really a good buy at 724.
CityD NAV value = 11.9x, =dyodd= |
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soonsoonhuat ( Date: 21-Oct-2020 13:37) Posted:
family feud,
this could just be the tip of the iceberg of more to come.
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All the SGX stocks with Share Price way below NAV are known as
Value Traps.......... and for good reason.
NT1825 ( Date: 21-Oct-2020 15:23) Posted:
really a good buy at 724.
CityD NAV value = 11.9x, =dyodd= |
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Family member resigns mean really bad news. More to be expected
really a good buy at 724.
CityD NAV value = 11.9x, =dyodd=
Will be happy to c that 👍
tankoksee ( Date: 21-Oct-2020 15:14) Posted:
lots of shorting going on...
tio squeeze later... |
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Price looks attractive but need to know if there is any other major reason for the price drop...
lots of shorting going on...
tio squeeze later...
see show time.
if alot throw out, need to have as much support, or it will go down further before stabalise.
china properties have great prospects in the near future..
a right move tho some internal disagreement is normal..
underpriced at current levels ...
Looks more like a knee-jerk reaction. One director resigns, the company must go on. Nobody is indispensable, other companies also had their directors changed.
Hopefully it will stabilise soon
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
director resigns. what is the impact??
Got some at 130pm when it opens.
tankoksee ( Date: 21-Oct-2020 14:09) Posted:
| $8.50 otw.........cheap buy here............. |
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$8.50 otw.........cheap buy here.............
Die yesterday bought today drop a lot
I thk this is the key worry as the Group also provided a liquidity support undertaking totalling RMB 1.5 billion relating to the bonds issued by Sincere that are maturing on
26 October 2020 and a RMB 1.5 billion corporate guarantee in relation to an external bank loan obtained by Sincere. The total of these investments is
$1.9 billion.
alwayshopeful ( Date: 21-Oct-2020 13:38) Posted:
| Why shares should fall so much? |
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Why shares should fall so much?
Price drop 7:29, very sad
