
>> PART I |
1. | Date of notice to issuer * | 23-09-2009 |
2. | Name of Substantial Shareholder * | (1) Credit Suisse, and (2) Credit Suisse Group AG |
3. | Please tick one or more appropriate box(es): * |
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>> PART II |
1. | Date of change of [Select Option] |
2. | Name of Registered Holder |
3. | Circumstance(s) giving rise to the interest or change in interest | [Select Option] | |
# Please specify details |
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4. | Information relating to shares held in the name of the Registered Holder | ||||||||||||||
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>> PART III |
1. | Date of change of Deemed Interest | 18-09-2009 |
2. | The change in the percentage level | From 15.9353 % To 16.0737 % |
3. | Circumstance(s) giving rise to the interest or change in interest | # Others | |
# Please specify details |
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4. | A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: |
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>> PART IV |
1. | Holdings of Substantial Shareholder , including direct and deemed interest : |
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Direct
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Deemed
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No. of shares held before the change | 0 | 144,900,186 |
As a percentage of issued share capital | 0 % | 15.9353 % |
No. of shares held after the change | 0 | 146,159,186 |
As a percentage of issued share capital | 0 % | 16.0737 % |
Footnotes |
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raymondho ( Date: 14-Sep-2009 16:49) Posted:
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What's wrong with City Dev?
Today drops to 10.20 !! More than 7% (0.90 down) Thought ti's a good opportunity to enter low, still kenna loss!! Who has the story? Mind to share?
Property - CIMB 7 September 2009
Race is on for GLS sites
Valuation and recommendation:
Triggering of GLS sites to provide positive newsflow. The general environment
for land-banking has improved considerably compared with the beginning of the year.
Funding spreads have begun to narrow while developers’ balance sheets have been
strengthened through recapitalisations. These, combined with significant
improvements in capital values in the physical market, have made land acquisitions
interesting again. At the right prices, we believe the trigger of GLS sites could provide
positive newsflow for developers.
We retain our Neutral position on the sector simply because of our negative view
on heavily weighted CapLand.
We maintain our positive view on specific residential players under coverage. CityDev
remains our top pick in the sector with Allgreen and Ho Bee remaining our small-mid favourites.
Heat is on for GLS sites in reserved list:
Developers motivated to land-bank again. Property sentiment is currently sky-high.
As property launches continue to sell out, we believe developers’ next step will be to
replenish land banks more aggressively. The motivation comes from depleting
inventories and falling construction costs. System inventory has fallen to 2006 levels
(about 35,000 units) with unsold inventories for purer developers under our coverage
substantially dwindling from a year ago. Our recent meetings with developers and
contractors also suggest that the magnitude of the decline in construction costs is
significant, over 25% down from the peak levels for all segments. Given that the
private en-bloc market is still rather unattractive, developers are likely to turn their
attention to Government Land Sale (GLS) sites currently in the reserved list.
SINGAPORE'S City Developments , South-east Asia's second largest property firm, posted on Thursday a 15 per cent fall in second quarter net profit, but said it was confident a recovery was in sight.
CityDev reported net profit of $140 million for the three months ended June, down from $165 million a year earlier, mainly due to lower contributions from its hotel operations.
'Last quarter, the group had already indicated that the economic conditions have improved somewhat. It remains optimistic that a gradual, sustained recovery is possible,' the firm said in its earnings statement.
The Singapore firm's 53 per cent held unit Millennium & Copthorne , which manages or owns over 120 hotels around the world, reported last week a 46 per cent fall in profit before tax to 19.5 million pounds.
CityDev is expected to post net profit of $456 million this year, down from $581 million last year, according to analysts polled by Thomson Reuters. -- THOMSON REUTERS
城市发展 (City Dev)
(2009-08-04)
本栏于今年5月15日曾论及这只股票或将形成一个颠倒“头肩形”向下调整,以填补介于5.97元至5.82元及介于5.75元至5.68元间的缺口以完成右肩。可是股价过后持续上升至6月3日的10.44元,加上“V”型回升的说法日愈喧嚣,这或者是回顾历史的时候了。这只股票于1998年9月下试2.49元后依傍海指以“V”型回升,并于1999年4月升试13.10元,与1997年2月的15.50元高价尚有一段距离,逐渐下跌至2001年9月的3.08元,过后缓升至2007年4月才上升超过上述的15.50元,最终在同年5月试17.90元的历史新高。依此类推,房地产股在指数回升中并非形影相随了。
Ha ha, sorry, for 100m sq ft on KepLand, mainly d ppty footprints covering Local n foreign, ie China typically, Vietnam, India, Indon n now middle East. Others mostly sharing d pies at Local liao, ie Far East, though some extended their wings abroad. Some got reclaim land leh, though state owned, AK guesses, esp those got sands fr Vietnam n Cambodia???
PS. Whoever, dare to get involved in Iskandar Msia ppty, may be another winner liao.
North zone ie Kedah n Penang, East Zone, Kelantan n Tenganu are potential areas for foreing ppty investment as well, but much depend on current gov policies. In particular d West - East fuel pipeline project, which could affect Spore being CO refinery hub status, as China n Japan are d CO inventories holders at the East.
lucky168 ( Date: 21-Jul-2009 19:40) Posted:
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Thanks AK! I was curious coz in the recent BukitSem AGM, the Chairman claimed they got land bank that can last another 10years?!!! Then in DMG report, analyst claimed CityDev has got the largest landbank...

(BTW, is Spore really that huge? 40km x 30km land



www.fraserscentrepointhomes.com - Cached
lucky168 ( Date: 21-Jul-2009 13:19) Posted:
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Anyone knows who has the largest landbank in Spore, CityDev or BukitSem?
I know CityDev has got 7.5m sqf in GFA, how about BukitSem?

I agreed with edot4ni. Citydev has up too much at this economic compare to our dear Kepland. So my guts tell me Kepland is a better choice too.
After all we should buy blue chips when their price are low, its better. Just my point of view.
Cheers.
samuel_ng ( Date: 21-May-2009 21:00) Posted:
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edot4ni ( Date: 07-May-2009 15:46) Posted:
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Switched to KepLand. 3 lots of Kepland can give more $$ than 1 lot Citydev.