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CityDev Last:8.36

-0.03

CityDev

Nicely closed up at $10.16.....after day-high of $10.18.

Results for 2nd Qtr must be good with better dividends......awaiting to anounce.

Back to $10.......

Property stocks coming back in play.

cityD came down from 11.xx recently.

property stock really present value. see wheellock has offer at 2.1 . now up 23.6% at 2.15
what about other property stock? will they go back to a more reasonable valuation or as the panicy analyst has given extra 10% discount to rnav?

yes, City Dev was largely oversold

City Dev has chance to move back above $10 today.......captialand already recovered from the wrack down and soon heading to $3.20 day before the cooling measure......

Might be government is going to change their cooling measure anytime today after hearing a lot of negative feedback from the market and afraid this will drag down the Singapore economy......

Last:9.62 Vol:7638k

+0.16
buy property same like stocks,when everyone cheong in, u stay out.
when everyone scared n don' t dare go in, u cheong in
gd luck dyodd & common sense

ozone2002 ( Date: 06-Jul-2018 19:13) Posted:

Last:9.46 Vol:23672k

-1.75

wow city dev hit the hardest, down almost 20%, nearly went into bear territory within a day
selling overdone, wait for selling to subside before you will see the rebound
gd luck dyodd

it is true. divi very low. the same is true to all property counters like cap land, wingtai, cityD ...

aim for capital gain.
buy only when big drop like last friday.

investshare ( Date: 08-Jul-2018 12:35) Posted:

Dividend yield very low.

Berani ( Date: 08-Jul-2018 12:31) Posted:

10 is a fair price to m

Dividend yield very low.

Berani ( Date: 08-Jul-2018 12:31) Posted:

10 is a fair price to me

john_ric ( Date: 08-Jul-2018 11:11) Posted:

market over reacted. next week it will bounce back to 10.

10 is a fair price to me

john_ric ( Date: 08-Jul-2018 11:11) Posted:

market over reacted. next week it will bounce back to 10.

the earlier report is no longer relevant. Just need to refer back to the 2013 cooling measures to have a real sense of how much the propoerty counters will drop following the cooling measures. This is just the start of the drop...

hotelgrand ( Date: 06-Jul-2018 23:28) Posted:

rept dated 6 June now 6 July outdated..drop expected as new ppty ruling bad for ppty and banking stocks

michaeltan ( Date: 06-Jul-2018 19:36) Posted:

NAV $11.07

market over reacted. next week it will bounce back to 10.

Yesterday was knee-jerk and over reaction. It will be big rebound on monday.
The market is oversold. Many are not clear of the latest curb by regulator and some are panic selling.
When you sit back think about it. The first time buyer is not affected at all of this latest curbing meassures. It is target buyers who want to buyer more properties with 5% increase for the stamp duty and curb the loan from 80% to 75%, this means you have to pay up front 25% instead of 20%. What is 5% increase for high salary earners? If you are able to buy second house or 3rd or 4th house, I am sure it is not a problem for you to pay an upfront 25% or more. Afterall you don' t need to pay a higher loan interests.

pasttime ( Date: 07-Jul-2018 08:43) Posted:

such a big drop will it results in force selling? the real impact is not as bad, jsut the sentiment

City dev is one of the largest property owner of sg..
Drop 1.75 Is too much..

rept dated 6 June now 6 July outdated..drop expected as new ppty ruling bad for ppty and banking stocks

michaeltan ( Date: 06-Jul-2018 19:36) Posted:

NAV $11.07

Starship ( Date: 06-Jun-2018 19:37) Posted:

CityDev kept at ' buy' by Deutsche with upcycle still in early stage
06/06/18, 03:52 pm

SINGAPORE (June 6): Deutsche Bank is keeping City Developments on &ldquo buy&rdquo as indicators for occupancy and rental turn positive and outlook for commercial properties continues to improve.

Over the last three months, shares of CityDev have underperformed the Straits Times Index on concerns of the sustainability of the residential cycle, the possibility of policy reactions to an overheated market and a rising interest rate environment.

In a Wednesday report, analyst Joy Wang however believes the upswing in Singapore&rsquo s real estate sector is still in its early cycle.

While the en-bloc market has boosted the sentiment and accelerated some of the price recovery over the last six months, Deutsche believes the continuous improvement in occupancy and the potential turnaround in rental market over the next 6-12 months would sustain this residential cycle.

&ldquo We expect occupancy to surpass previous peak to 96% by 2020 as a result of the tight supply and believe that the current supply pipeline could be well absorbed. We also believe that Singapore housing remains affordable with price to income ratio under 8x and mortgage service ratio under 30%,&rdquo says Wang.

In addition, with commercial properties representing over a third of its RNAV, Deutsche says the group should benefit from a strong domestic commercial property market.

At $11.61, the stock is currently trading at about 30% discount to Deutsche&rsquo s FY18E RNAV and 1x P/B versus long-term average of 12% RNAV discount and 1.8x P/B. With the sector still in its early upcycle, the research house sees this an attractive entry level and reiterate its &ldquo buy&rdquo rating with target price of $16.00 based on an average of its forward earnings-based SOTP and RNAV estimates.

https://www.theedgesingapore.com/citydev-kept-buy-deutsche-upcycle-still-early-stage

Small rebound on Monday.

NAV $11.07

Starship ( Date: 06-Jun-2018 19:37) Posted:

CityDev kept at ' buy' by Deutsche with upcycle still in early stage
06/06/18, 03:52 pm

SINGAPORE (June 6): Deutsche Bank is keeping City Developments on &ldquo buy&rdquo as indicators for occupancy and rental turn positive and outlook for commercial properties continues to improve.

Over the last three months, shares of CityDev have underperformed the Straits Times Index on concerns of the sustainability of the residential cycle, the possibility of policy reactions to an overheated market and a rising interest rate environment.

In a Wednesday report, analyst Joy Wang however believes the upswing in Singapore&rsquo s real estate sector is still in its early cycle.

While the en-bloc market has boosted the sentiment and accelerated some of the price recovery over the last six months, Deutsche believes the continuous improvement in occupancy and the potential turnaround in rental market over the next 6-12 months would sustain this residential cycle.

&ldquo We expect occupancy to surpass previous peak to 96% by 2020 as a result of the tight supply and believe that the current supply pipeline could be well absorbed. We also believe that Singapore housing remains affordable with price to income ratio under 8x and mortgage service ratio under 30%,&rdquo says Wang.

In addition, with commercial properties representing over a third of its RNAV, Deutsche says the group should benefit from a strong domestic commercial property market.

At $11.61, the stock is currently trading at about 30% discount to Deutsche&rsquo s FY18E RNAV and 1x P/B versus long-term average of 12% RNAV discount and 1.8x P/B. With the sector still in its early upcycle, the research house sees this an attractive entry level and reiterate its &ldquo buy&rdquo rating with target price of $16.00 based on an average of its forward earnings-based SOTP and RNAV estimates.

https://www.theedgesingapore.com/citydev-kept-buy-deutsche-upcycle-still-early-stage

Last:9.46 Vol:23672k

-1.75

wow city dev hit the hardest, down almost 20%, nearly went into bear territory within a day
selling overdone, wait for selling to subside before you will see the rebound
gd luck dyodd

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