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Good news on Oxford Astra Zeneca vaccine trial results. Read more&hellip
Do not sell if you have a good stock to hold for 3 months or more.
Early signs for recovery to all industry sectors
https://www.straitstimes.com/world/europe/good-news-on-oxford-university-astrazenecas-coronavirus-vaccine-could-come-on-thursday
If you have some good stocks #YZJ #CityDev #CapLand #Jardine and can hold next 3 months Do not sell. Tip from US traders
Strong hope for recovery - especially construction heavy related stocks. If this happens - all other will just ride on it. All the best.
This is what I expect City Dev to do.
Price currently holding below moving average resistance.
MACD also below 0, showing room for further bearish momentum. A drop towards key Fibonacci confluence level is expected.
I have put the DLC DCSW levels in line with the underlying for easier reference!
My previous call on City Dev reached target as expected!
Here' s the link to my previous idea!
http://www.sharejunction.com/sharejunction/listMessage.htm?directAccessMessageID=1989769#MID1989769
Quite happy with how the analysis turned out!
At the end of the announcement, CDL views:-
As such, the Group is of the view that conducting valuations during this period would not be meaningful as the situation remains volatile. The Group will continue to monitor the potential impairment for its properties in the second half of the year. g. The Group continues to be in a robust financial position with sufficient liquidity to weather this crisis. To date, the Group has total cash and undrawn and committed credit facilities exceeding $5 billion.
I guess investors took opportunity to buy back at 837
CDL wishes to advise shareholders that for the six months ended 30 June 2020 (&ldquo 1H 2020&rdquo ):a. The Group&rsquo s hotel operations segment, mainly led by its wholly-owned subsidiary, Millennium & Copthorne Hotels Limited (&ldquo M& C&rdquo ), is expected to contribute significant losses for 1H 2020. This is primarily due to the prolonged COVID-19 pandemic, which has resulted in widespread travel restrictions, an unprecedented collapse in global tourism, and mass cancellations or postponement of events. Many countries have responded to the outbreak by imposing measures such as quarantines, strict social distancing and complete lockdown of cities. These measures have adversely impacted the Group&rsquo s hotel operations, even with the receipt of applicable government grants which mitigated the impact. With the privatisation of M& C in late 2019, the losses of M& C are 100% accounted for in the Group&rsquo s results. For 1H 2020, RevPAR is expected to decline by around 50-60%1. While aggressive cost-containment measures continue to be in place, the hotel operations segment is expected to post a pre-tax loss in the range of $120 million1 to $140 million1 for 1H 2020 vis-à -vis a pre-tax profit of $76 million in 1H 2019.The near-term outlook continues to remain highly challenging and uncertain until the pandemic situation abates together with the re-opening of international borders.b. The Group&rsquo s property development segment is expected to register a decrease in revenue by about 10%1 as 1H 2020 contributions will primarily be derived from projects including The Tapestry, Whistler Grand as well as Amber Park, compared with fully completed projects such as New Futura and Gramercy Park that yielded higher profit margins in the corresponding period in 2019.c. The Group&rsquo s investment properties segment is also impacted, taking into account over $30 million of property tax and rental rebates given to tenants, especially for its retail malls in Singapore and overseas for the full year of 2020. Notably, there was a significant $197 million pre-tax gain resulting from the closure of the Group&rsquo s Profit Participation Securities 2 (&ldquo PPS 2&rdquo ) platform, following the sale of Manulife Centre, and 7 & 9 Tampines Grande in 1H 2019, which further widens the comparative gap for this segment. d. In light of the above, the Group&rsquo s pre-tax profit for 1H 2020 is expected to reduce substantially from 1H 2019. The Group anticipates its net attributable profit after tax and minority interests (PATMI) for 1H 2020 will be materially and adversely impacted.
What's happened?????😄 🤣 😂 😆 😄
LIXING ( Date: 01-Jul-2020 10:06) Posted:
 This is what I see on CityDev, price is currently holding above support so I think it has room for more upside, looking at 8.65 as target price. What are your thoughts on this?
In terms of DLC we can consider DLCW at these levels - entry: 0.046, stop loss: 0.044, take profit: 0.052. |
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Cani know what is this peofit guidence
john_ric ( Date: 13-Jul-2020 13:26) Posted:
there should be more to drop in price after this profit guidance.
candidate for short... |
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there should be more to drop in price after this profit guidance.
candidate for short...
Negative profit guidance issued this morning. Hit badly by its M& C Hotel arm.
trentlim ( Date: 13-Jul-2020 10:44) Posted:
Why today citydev drop so much in the morning compared to other compoment stocks
And later despite STI turning positive, it seems to be stagnent in negative territory |
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Why today citydev drop so much in the morning compared to other compoment stocks
And later despite STI turning positive, it seems to be stagnent in negative territory
Market need not be too cautious post GE - no reason to keep funds with super low interest rates.
All markets moving up...
Also watch on latest news on covid-19 production and planned release to the market
This is what I see on CityDev, price is currently holding above support so I think it has room for more upside, looking at 8.65 as target price. What are your thoughts on this?
In terms of DLC we can consider DLCW at these levels - entry: 0.046, stop loss: 0.044, take profit: 0.052.
Dividends don't seem to attract buyers nowadays. They prefer to sell high and buy low.
Master Yuan
Pls trouble u to provide ew chart.. Tks
Any DLC expert knows the difference of the following two ecurities:
price recovery .
today cityD very strong.
Once Covid 19 subsides, property prices are going to boom. This could happen as early as 4th Qtr 2020.
And the amount of liquidity, as unleased by USA, always helps the property market after a slight delay.
earthdragon ( Date: 19-May-2020 08:31) Posted:
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