Back

Latest Forum Topics / CityDev    Last:5.23    -0.03

Post Reply

CDL Hospitality REIT Post Reply Rate topic
lynn89 Member	27-Jul-2007 10:03        lynn89 About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	Good buying opportunity has turn up. Accumulate if you have not done so. City Dev has a global brand name.
Useful To Me  Not Useful To Me
shawn1980 Member	14-May-2007 17:41        shawn1980 About Contact  Quote this Post!
x 0   x 0  Alert Admin	* Q1 net profit: S$126.1 mln vs S$41.2 million * Outlook: Company to remain profitable in next 12 months SINGAPORE, May 14 (Reuters) - City Developments Ltd. , headed by Singapore tycoon Kwek Leng Beng, is Southeast Asia's second-largest developer after CapitaLand .
Useful To Me  Not Useful To Me
august Senior	14-May-2007 15:50        august About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi, any idea if City D result is out ??
Useful To Me  Not Useful To Me
lucky168 Veteran	03-Mar-2007 00:43        lucky168 About Contact  Quote this Post!
x 0   x 0  Alert Admin	i am still queuing 13.10 for you!
Useful To Me  Not Useful To Me
maxsyn Veteran	30-Jan-2007 21:17        maxsyn About Contact  Quote this Post!
x 0   x 0  Alert Admin	City Developments Ltd said it has settled its dispute with Suntec REIT over the latter's failure to complete its acquisition from the company of some 788 mln sgd worth of commercial properties under a 2005 agreement. Suntec REIT agreed in June 2005 to buy the properties from City Developments but the deal fell through after Suntec failed to obtain a clearance from the Monetary Authority of Singapore in time for its presentation to Suntec REIT shareholders for approval at a meeting in Sept of that year. City Developments said without prejudice to either party, it has returned the 5.0 mln sgd deposit paid by Suntec REIT for the proposed acquistion. "The terms of the said settlement agreement constitute full and final settlement of this matter, without admission of any liability whatsoever by any of the parties," City Developments said.
Useful To Me  Not Useful To Me
zhuge_liang Supreme	16-Nov-2006 11:43        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Merrill Lynch has lifted its target price to $13.60 from $12.45 previously on expectations that the company will inject its Singapore office assets into a REIT next year. The company said it will revisit the possibility of launching an office REIT given soaring office rents, with monthly rents at its Republic Plaza office tower having topped $10 per square foot recently. "We believe it (REIT) is likely, given the strength of both the property and REIT markets. We also assume that such an initiative would be value accretive to shareholders," Merrill Lynch said in a note to clients. The brokerage estimates that City Developments has almost $3 bln worth of office buildings and a further $1 bln worth of retail and industrial properties.
Useful To Me  Not Useful To Me
Nostradamus Supreme	15-Nov-2006 20:05        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Executive chairman Kwek Leng Beng had indicated his intention to put office properties worth up to $3 bln into a new REIT as soon as next year. DBSV raised its target price to $13.40 from $10.50, because of the outlook for the company. OCBC said it had raised its fair value for to $12.80 from $10.10. But Citigroup said it was keeping its "hold" rating, and CIMB-GK said it was keeping its "neutral" rating until the company confirmed its plans for an office REIT.
Useful To Me  Not Useful To Me
Nostradamus Supreme	15-Nov-2006 19:38        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	It said yesterday that monthly rents at its Republic Plaza office tower have already exceeded $10 per square foot, and that rents will reach the previous peak of $12 psf anytime soon given the current tight supply of prime office space.
Useful To Me  Not Useful To Me
lynn89 Member	30-Oct-2006 19:03        lynn89 About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	City Dev seems to be able to target foreign property buyers, who are purchasing with their cash, and are  not affected by the new CPF ceiling limit, etc. This counter is worth buying on dips below $10.60 - $10.80 range.
Useful To Me  Not Useful To Me
singaporegal Supreme	26-Oct-2006 22:13        singaporegal About Contact  Quote this Post! Style: Technical   Mood: Yells: "Female TA nut"
x 0   x 0  Alert Admin	Trend a little uncertain... but could be on a short term uptrend now?
Useful To Me  Not Useful To Me
Nostradamus Supreme	26-Oct-2006 17:14        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	CIMB-GK says it has lowered its rating to "neutral" from "outperform" because the company's shares are trading close to the brokerage's revised target price of $12.00. "While City Developments remains a key property proxy, we believe the latest Futura [redevelopment site] acquisition suggests a lack of attractive investment opportunities for the group at the moment." City Developments is is paying $287.3m or $1,179 per square foot for Futura, a freehold site here with an area of 87,034 square feet and a plot ratio of 2.8 to one. City Developments can build 150 apartments on this site, which can accommodate a building with a maximum height of 36 storeys. CIMB-GK believes that the company can put apartments in the development up for sale at $1,800 per square foot, but that this means pretax margins for the project work out to an unattractive 8%.
Useful To Me  Not Useful To Me
Nostradamus Supreme	26-Oct-2006 00:23        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Citigroup says it has raised its target price to $11.70 from $9.45 in view of the state of the market here for offices and residences. Citigroup has also raised its revised NAV to $9.71 from $9.36 to reflect higher office capital values, higher selling prices for its residential developments and the higher share price of Millennium & Copthorne Hotels PLC. But the brokerage is keeping its "hold" rating for the stock, saying that when the company has put properties its has developed on the market, the response has been "patchy". Citigroup said the lukewarm response to the company's Ferraria Park residential development, which is intended for the mass market, suggested continuing caution in this market.
Useful To Me  Not Useful To Me
Nostradamus Supreme	16-Oct-2006 19:17        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	DMG & Partners said it has lifted its target price to $12.10 from $10.80 previously as the stock is its preferred company among property developers in Singapore. "City Developments remains our preferred pick amongst the big caps as it is a prime beneficiary of the domestic asset reflation cycle with minimal exposure to the uncertainties in the China property market," DMG said. Among local developers, CapitaLand and Keppel Land have a significant exposure to the Chinese property market, it noted. Apart from robust sales of its residential projects in Singapore, City Developments is also well positioned to benefit from the upswing in the office and hotel sectors, DMG said.
Useful To Me  Not Useful To Me
Nostradamus Supreme	27-Sep-2006 11:13        Nostradamus About Contact  Quote this Post!
x 1   x 0  Alert Admin	Merrill Lynch said it has upgraded its rating to "buy" from "neutral" with a target price of $12.45 on its positive earnings outlook going forward amid Singapore's robust residential and office sectors. "Key short-term potential catalysts include stronger reported earnings in the second half and a ramp-up in residential property launches," the brokerage said in a note to clients. "We forecast 14 new residential and mixed development projects will be launched over the next 24 months, which represents the strongest launch program for the company in a decade. These projects are skewed toward the prime property segment, which we see as having the strongest outlook for demand," it said. Merrill Lynch said prices of prime residential properties have risen by as much as 20% this year and will likely rise by another 7-10% per year in the next three years. City Developments is also benefiting from the robust demand for office space, as it has some $2b worth of office buildings, it said. "Market rentals for prime office space have already lifted 100% over the past two years, driven by strong demand and a historic lack of new supply, " it said.
Useful To Me  Not Useful To Me
tabbykat Member	19-Sep-2006 12:41        tabbykat About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi Nostradamus, It's a wrong move by me. I thought Creative might pick up faster than City Dev since the later has been stalling at $9.20 - $9.50 for quite a long time. However, I am still grateful for your advise. Hope u continue to hang on to your lot. Cheers.
Useful To Me  Not Useful To Me
Nostradamus Supreme	19-Sep-2006 11:30        Nostradamus About Contact  Quote this Post!
x 1   x 0  Alert Admin	Hi tabbykat, What a pity! It reached $10.30, within my $10.20-$10.40 range. Have patience, my friend. This is a good blue chip stock.
Useful To Me  Not Useful To Me
tabbykat Member	31-Aug-2006 23:37        tabbykat About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi Nostradamus, Have sold the entire holding at $9.80 and switched to Creative at $10.50. Hope we can continue to share your view on Creative at its tread. Thank you and Cheers
Useful To Me  Not Useful To Me
Nostradamus Supreme	31-Aug-2006 22:30        Nostradamus About Contact  Quote this Post!
x 1   x 0  Alert Admin	Hi tabbykat, Having broken $9.75, next resistance is between $10.20 and $10.40.
Useful To Me  Not Useful To Me
tabbykat Member	29-Aug-2006 09:14        tabbykat About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thank you both Singaporegal and Nostradamus. Your comments are both useful and valuable. I will continue to monitor this counter and try to take profit today. Cheers
Useful To Me  Not Useful To Me
Nostradamus Supreme	28-Aug-2006 22:38        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi tabbykat, I think it peaked at $9.75 for this leg. May go down from here. But I can't rule out a year-end rally later this year.
Useful To Me  Not Useful To Me

                                                         First   1-20 of 43   Older>   Last