SGX Listed Stock


SGD 12.260
+0.110 / +0.91%
Share Price as of: 2017-12-18 17:00
Market / ISIN Code: SGX Mainboard / SG1R89002252
GICS® Sector / Industry Group / Industry: Real Estate / Real Estate / Real Estate Management and Development

City Developments Blogger ArticlesCITY DEVELOPMENTS LIMITED Blogger Articles SGX Listed CITY DEVELOPMENTS LIMITED (C09.SI) Blogger Articles C09.SI Blogger Articles
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Alan Luo
2017-12-18 08:43:22
SG Market (18 Dec 17)
MARKET OVERVIEW- The market could trudge higher this week as key lawmakers pledged support for the US tax cut bill, bringing it a step closer for President Trump to sign it into law before Christmas.- Technically, the STI sees downside support at 3,390, with upside resistance at 3,475.SECTOR WATCH*Property- Developers moved 785 new homes in Nov (-8.7% y/y, +3.6% m/m) on fewer sale launches.- Including ECs, 933 units were sold (-16% y/y, -3.7% m/m).- The slower sales were in line with MKE expectations that developers would hold back launches in a bid to raise prices to maximise returns.- We are Positive on the property developers and maintain UOL (TP: $9.80) as the top pick, along with City Dev (TP: $13.60), GuocoLand (TP: $2.90) and Bukit Sembawang (TP: $8.25).*Banks- MAS has introduced Th
2017-12-17 20:39:55
Property news round up 17 Dec 2017
Heeton set for growth after QC pain Boutique property developer Heeton Holdings is ready to move on with its growth strategy after clearing its overhang of unsold units at two projects – iLiv@Grange and The Lumos – which had cost it painful qualifying certificate (QC) penalties in the past couple of years. CDL sweetens offer for M&C Hotels CDL, a majority shareholder which currently holds 65.2 per cent of M&C, has raised the offer price to 620 pence per share, up from 552.5 pence earlier. (adsbygoogle = window.adsbygoogle || []).push({}); This offer, which CDL said is final and will not be raised further, values M&C at about £2.01 billion (S$3.64 billion), compared with the previous valuation of £1.8 billion. Cities tweak house plans to retain millennials
Don Low
2017-12-14 13:16:03
3 Undervalued Mid-Cap Developers To See Strong Growth In 2018
For most of 2H17, Rowsley Holdings (Rowsley) has dominated daily trading volumes owing to the news of Singaporean business magnate Peter Lim’s plan to inject Thomson Medical into the group. Other developers attracted little investors’ interest, until enbloc activities started to heat up recently. As always, investors tend to think of the usual suspects like City Developments and UOL Group when they want to pick up stocks to ride the recovery in Singapore’s property market. But that leaves some small and mid-cap developers undiscovered at discounted valuations. Here are 3 mid-cap developers that could see strong growth in 2018. Sexy Roxy-Pacific Holdings Overlooked for its size, Roxy-Pacific Holdings (Roxy) was one of the first movers to landbank when others were still unsure. Roxy s
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Alan Luo
2017-12-14 08:48:15
SG Market (14 Dec 17)
MARKET OVERVIEW- The 25bps interest rate hike by the Fed was in line with expectations, while the dovish statement by Fed chief Janet Yellen could encourage some risk-taking in hopes of a stronger Capricorn effect.- Technically, the STI is approaching the upper end of its uptrend channel at 3,475, with underlying support at 3,390.SECTOR WATCH*Property- Collective sales maintain its strong momentum with hotly-contested tenders at two private residential developments Derby Court and Parkway Mansion.- Derby Court saw a top bid of $73.9m ($1,390 psf ppr) from Roxy-Pacific, amongst seven bidders, 19% above owners' reserve price.- Parkway Mansions' sale price of $147m ($1,536 psf ppr) was 6.5% above the guide price, and was sold to a consortium led by privately-owned Sustained Land.- MKE maintai
Tom Tom Tom
2017-12-13 07:30:00
Dear readers, as we near the close of yet another trading year, there are more and more analysts giving their recommendations for selected Singapore stocks for Year 2018. In this post, we look at the top 15 Singapore stocks picks by DBS Group Research. The top 15 stocks are: 1) City Development2) Genting Singapore3) OCBC 4) Sembcorp Marine5) Singtel6) Thai Beverages7) UOB8) UOL GroupRead more »
The Motley Fool Singapore
Sudhan P.
2017-12-12 19:15:38
3 Things You Need to Know About the Singapore Stock Market Today
Hello, everyone. Here are three things about the local stock market that you might be interested in today. 1. The Straits Times Index (SGX: ^STI), ended Tuesday at 3,465.54 points, up 5.09 points or 0.2%. In all, there were 239 gainers to 172 losers. The biggest winner in the index was conglomerate, Keppel Corporation Limited (SGX: BN4); its shares rose 2.4% to S$7.74. Yesterday, the diversified group announced that Keppel Offshore & Marine had secured contracts worth a total of around S$130 million from repeat customers, Petrobras and SOFEC Inc. Meanwhile, City Developments Limited (SGX: C09) fell the most today, sinking 2.1% to S$12.31. 2. Ley Choon Group Holdings Ltd (SGX: Q0X) has won a new contract from the Public Utilities Board (PUB) for S$19.6 million. The work involves the s
Annie Lim
2017-12-12 11:06:30
Three Trends In The Property Sector To Know For 2018
As the property market makes its recovery, many investors will want to make use of this opportunity to increase their investment in the property and REIT sector. This is in-line with UOB Research’s 2018 strategy as they recommend investors to maintain overweight in this industry, especially so for “stocks with exposure to the residential, hotel and office segments” as these are expected to be the star performers. This article will highlight three main trends that UOB Kay Hian (UOBKH) mentioned in their strategy report on Singapore’s property and REIT sectors, as well as top stock picks (including from other houses) in the sectors for 2018. 1. Improving economic conditions Echoing the optimism of the Ministry of Trade and Industry which has increased their GDP forecast for 2017 and
The Motley Fool Singapore
Sudhan P.
2017-12-11 13:07:24
The Singapore Market This Week: City Developments Limited Makes Final Offer for London-Listed Millennium & Copthorne Hotels
The local stock market, as represented by the Straits Times Index (SGX: ^STI), slipped 0.7% week-on-week to end Friday at 3,424.64 points. Out of the 30 index constituents, 18 were in the red; nine were in the green while the rest were flat. Property giant, CapitaLand Limited (SGX: C31), was one of the companies in the negative territory. It last changed hands at S$3.46, down 3.1% for the week. On Thursday, it sealed a S$10 million innovation partnership with the Singapore Economic Development Board (EDB). CapitaLand Elevate, as the programme will be called, will focus on training the property firm’s staff in areas such as data analytics, digital marketing and digital product management. Furthermore, it will explore new technologies that will allow CapitaLand to create people-centric pro
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Alan Luo
2017-12-11 08:51:18
SG Market (11 Dec 17)
MARKET OVERVIEW- Market could track Wall Street higher following a solid US payrolls report, which cemented prospects for a third Fed rate hike on Wed. - This would likely continue to support the rally in bank shares. Other key events to watch include the policy meetings of BoE and ECB this week.- Technically, overhead resistance for STI lies at 3,460, with 3,390 providing the underlying support.POSITIVE NEWS*ComfortDelGro- To acquire 51% stake in Uber's car rental subsidiary Lion City Rentals (LCR) in Singapore for $295m.- The consideration values the target at around 0.9x P/B, based on an NAV of $642m, made out of 12,450 vehicles.- LCR has a fleet of 14,000 private vehicles and Comfort has agreed to pay for more vehicles when utilisation increases. - This is expected to enable the group'
2017-12-10 16:38:20
Property news round up 10 Dec 2017
BNP Paribas takes 8 floors in Taikoo place as multinationals flee HK’s Central BNP Paribas, a $2.4 billion financial giant, has decided that it may not have the cash to maintain an address in Hong Kong’s Central district and is picking up stakes for Quarry Bay. The company, which is the world’s sixth-largest financial services institution, has recently signed a lease for eight floors in Swire Properties’ Lincoln House in Taikoo Place covering some 100,000 square feet. (adsbygoogle = window.adsbygoogle || []).push({}); Evergrande buys jumbo Chongqing project for $498m Mainland homebuilder China Evergrande Group is doubling down on western China by buying a 320,000 square metre office, retail, and residential project in Chongqing as part of a RMB 3.29 billion ($498 milli
2017-12-08 10:42:53
Singapore Property Bulls Ignore Central Bank’s Warning
Singapore developers may extend their share rally into 2018 on a reviving home market, according to money managers and analysts, who say the central bank’s warning on a potential oversupply may not play out for years. After double-digit gains this year, Morgan Stanley sees a 42 percent jump in shares of CapitaLand, the nation’s largest developer, and a 24 percent increase in City Developments, the second-biggest, in the next 12 months. Property companies such as City Developments and UOL Group are among the top performers in Singapore in 2017, with developers collectively on track for their best annual performance in five years. Signs of a revival in Singapore’s property market include record prices paid for land deals, the first increase in home prices in four years, and the first
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Alan Luo
2017-12-07 08:55:29
SG Market (07 Dec 17)
MARKET OVERVIEW- Market may see more profit-taking after Nov's strong rally, weighed by major US policy shift to recognise Jerusalem as Israel's capital, while investors await new details on the final tax bill from Congress.- Following yesterday's 1.2% decline, underlying support for STI lies at 3,390 with overhead resistance remaining at 3,420. POSITIVE NEWS*SGX- Achieved higher Nov securities turnover of $28.5b (+3% y/y, +19% m/m), with daily average of $1.3b (-3% y/y, +13% m/m).- Total derivatives volume rose to 18m contracts (+9% y/y, +21% m/m), while commodities derivatives volume totalled 1.4m contracts (+42% y/y, +9% m/m).- There were three new mainboard and two Catalist listings raising a total of $1.55b and 80 new bond listings raising $30b.- Trading at 21.6x forward P/E and 3.7%
Joey Ho
2017-12-06 14:14:44
SI Research: 3 Property Stocks At Attractive Valuations
Investors make use of several valuation indicators in the process of identifying investment worthy companies or setting a target entry and exit price. Some common indicators include price-to-earnings (P/E) ratio, price-to-book value (P/B) ratio and dividend yield. In the previous issue of Shares Investment, we highlighted three net cash companies and illustrated how these companies can be valued using a modified price-to-earnings (P/E) ratio known as Ex-Cash P/E. With much activity going on in Singapore’s property market, it is likely that market participants will be keeping a close watch for signs of a revival. Typically, investors tend to focus on the P/B ratio for property stocks due to the significant amount of assets on these company’s books, while P/E would not be relevant due to
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Alan Luo
2017-12-06 08:23:33
SG Market (06 Dec 17)
MARKET OVERVIEW- Stock prices are expected to drift amid a lack of fresh leads as traders close off their positions in typically quiet year end trading.- Recent price action on the STI suggests the index has reached a near-term top and could consolidate lower towards the underlying support at 3,390, while topside resistance remains at 3,460.SECTOR WATCH*Property- Two 99-year leasehold sites on the reserve list of the Government Land Sales programme were snapped up.- Frasers Centrepoint beat 9 other bidders for the former Zouk site at Jiak Kim Street with an aggressive bid of $955.4m, or $1,732.55 psf ppr, topping the Martin Modern site won by GuocoLand in Jun last year by 40%.- Allgreen Holdings trumped 6 others to a residential plot at Fourth Avenue in Bukit Timah with a top bid of $553m
The Motley Fool Singapore
Sudhan P.
2017-12-04 11:56:57
It’s a Wrap: The Top 3 and Bottom 3 Blue-Chip Stocks for November
The Straits Times Index (SGX: ^STI), which tracks the performance of the top 30 largest and most liquid companies listed in Singapore, performed well for the month of November. For the month, the local stock market benchmark rose 1.8% to end at 3,433.54 points on 30 November 2017. Out of the 30 STI components, 14 were in the green; while the rest were in the red. The STI market capitalisation rose 0.7% month-on-month to S$601.9 billion. The top three winners of the STI were SATS Ltd (SGX: S58), Genting Singapore PLC (SGX: G13) and CapitaLand Commercial Trust (SGX: C61U).Source: S&P Global Market Intelligence SATS Ltd has two business segments – Food Solutions and Gateway Services. The former covers services such as airline catering and food distribution, while the latter is involved
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Alan Luo
2017-12-04 08:54:23
SG Market (04 Nov 17)
MARKET OVERVIEW- Investors may start the week on a cautious note on fresh US political concerns, after ex-national security adviser is reported to testify that President Trump has directed him to make contact with Russians during the 2016 election campaign.- Technically, STI sees underlying support at 3,390, with topside resistance at 3,460.SECTOR WATCH*Property- Enbloc wave continues following the purchase of two separate freehold sites in Bukit Timah by Allgreen Properties.- Both collective sale tenders at Royalville and Crystal Tower were competitive, sold at $477.4m ($1,960 psf ppr) and $180.7m ($1,840 psf ppr), respectively.- MKE maintains positive on the property developers and reiterates UOL (TP: $9.80) as its top pick, along with City Dev (TP: $13.60) and GuocoLand (TP: $2.90).POSI
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Alan Luo
2017-12-01 08:44:39
SG Market (01 Dec 17)
MARKET OVERVIEW- The market could be buoyed by the record Wall Street close as the US Senate is set to vote on a tax reform bill, while OPEC and its allies agreed to a further extension till end-2018 for oil production cuts.- Technically, underlying support for the STI remains at 3,390, with topside resistance at 3,460.SECTOR WATCH*Banks- Oct loans expanded 6.8% to $649.6b (Sep: +6.2%), bringing 10M17 loans growth to 6%.- Growth was spurred by increased loans to businesses of 9% (Sep: +8%) and consumer of 3.8% (Sep: +3.6%).- Positive loan momentum should be sustained as the economy picks up and on improved buying sentiment in the Singapore property market.- Maybank KE maintains Neutral on Singapore banks with preference for UOB (Buy, TP: $27.10), followed by DBS (Hold, TP: $22.75) and OCBC
2017-11-30 22:30:38
Performance of Straits Times Index (STI) Constituents in November 2017
Performance of Straits Times Index (STI) Constituents in November 2017 The Straits Times Index (STI) ended 59.46 points or 1.76% higher to 3433.54 in November 2017.(compared to 3374.08 on 31-Oct-2017)Top Performers: SATS, Genting Singapore, CapitaLand Commercial Trust, StarHub, DBS Group.Worst Performers: Wilmar International, Sembcorp Industries, City Developments, Golden Agri Resources, ST Engineering.Most Volatile: Genting Singapore, SATS, Sembcorp Industries, Yangzijiang Shipbuildings, DBS Group. Continue Reading »
Lim Si Jie
2017-11-29 17:57:11
3 Blue Chips You Cannot Miss Out In 1H18
With 2017 coming to an end in a month’s time, what should be in our portfolio come 2018? UOB- Kay Hian (UOB KH) recommends four themes for investors to add to their portfolio. Companies with multi-year growth drivers, reflation plays, quality laggards and stocks with earnings upside are the recommended investment themes for 1H18. Among Singapore stocks, UOBKH recommends three blue chips that resonate with its investment theme. CapitaLand – Singapore’s Property Market Back To Live Singapore’s residential property market is starting to make a turnaround following 15 consecutive quarters of decline in the private residential price index. CapitaLand’s management expects sentiments to improve further, underpinned by increased buying volume and rise in home prices. UOBKH notes tha

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