Maintain BUY; TP of S$10.50. Our TP of S$10.50 is based on a 35% discount-to-RNAV which implies a 1x P/NAV, slightly above -0.5SD of its historical range. Our TP upsides are mainly from a potential re-rating from the realization of its RNAV with the completion of development assets and potential asset recycling. $CityDev(C09.SI)$ $BIDU-SW(09888)$ $BYD COMPANY(01211)$ $DBS GROUP HOLDINGS LTD(D05.SI)$
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@SPOT_ON:CITY DEVELOPMENT LTD ... RNAV : $12.60 .. TARGET PRICE $10.50
Great article, would you like to share it?
@SPOT_ON:CITY DEVELOPMENT LTD ... RNAV : $12.60 .. TARGET PRICE $10.50
Not entertainment app but rather tiger brokers app i cannot give up !!! This is my life and assets and all .... Not a single day i can get by without tiger brokers app !! @TigerEvents @Tiger_SG @Tiger_chat @Tiger V @TigerObserver @Tiger_Earnings
//@SPOT_ON: Property buyers lapped up recent new launches - Emerald of Katong (99% sold at SGD2,621psf), Nava Grove (65% sold at SGD2,448psf) and Novo Place EC (57% sold at SGD1,654psf) Sales transactions in Nov’24-MTD of almost 2,000 units has exceeded that of 1H24, with sales driven by local home buyers as HDB resale prices remain firm, supporting homeowners in their upgrading journey Market share for Propnex (46% of transactions) has outpaced ERA (or APAC Realty) (28% of transactions); agency revenues for both likely to turn higher in 2025 Prefer property developers (CityDev) which have substantial sell-through sales, with minimal downside risk to earnings / RNAVs
@SPOT_ON:CITY DEVELOPMENT LTD ... RNAV : $12.60 .. TARGET PRICE $10.50
Property buyers lapped up recent new launches - Emerald of Katong (99% sold at SGD2,621psf), Nava Grove (65% sold at SGD2,448psf) and Novo Place EC (57% sold at SGD1,654psf) Sales transactions in Nov’24-MTD of almost 2,000 units has exceeded that of 1H24, with sales driven by local home buyers as HDB resale prices remain firm, supporting homeowners in their upgrading journey Market share for Propnex (46% of transactions) has outpaced ERA (or APAC Realty) (28% of transactions); agency revenues for both likely to turn higher in 2025 Prefer property developers (CityDev) which have substantial sell-through sales, with minimal downside risk to earnings / RNAVs
@SPOT_ON:CITY DEVELOPMENT LTD ... RNAV : $12.60 .. TARGET PRICE $10.50
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@SPOT_ON:CITY DEVELOPMENT LTD ... RNAV : $12.60 .. TARGET PRICE $10.50
Great article, would you like to share it?
@SPOT_ON:CITY DEVELOPMENT LTD ... RNAV : $12.60 .. TARGET PRICE $10.50
CITY DEVELOPMENT LTD ... RNAV : $12.60 .. TARGET PRICE $10.50
CITY DEVELOPMENT LTD ... RNAV : $12.60 .. TARGET PRICE $10.50
$Wilmar Intl(F34.SI)$
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@SPOT_ON:DBS MAINTAINED A BUY FOR CITYDEV ; TARGET PRICE $10.50
OMG ! CAPITALAND ASCENDAS ISSUE HUGE NEW UNITS AND OVERVALUED P/E :79
CapitaLand Ascendas REIT (SGX:A17U) issued 3,333,043 units at SG$2.5878 apiece for the payment of 20% of the base management fee for the June to November period, according to a filing with the Singapore Exchange on Monday. STOCK IS EXPENSIVE AT OVER 1.1 X BOOK VALUE HIGHLY GEARED CURRENT RATIO IS ONLY 0.13 .... UNABLE TO MEET NEAR TERM PAYMENT DEMANDS TOO $CapLand Ascendas REIT(A17U.SI)$
OMG ! CAPITALAND ASCENDAS ISSUE HUGE NEW UNITS AND OVERVALUED P/E :79
According to the last reported balance sheet, Wilmar International had liabilities of US$25.2b due within 12 months, and liabilities of US$8.25b due beyond 12 months. Offsetting this, it had US$10.4b in cash and US$5.63b in receivables that were due within 12 months. So its liabilities outweigh the sum of its cash and (near-term) receivables by US$17.4b.
@MilkTeaBro:I opened $Wilmar Intl(F34.SI)$ ,I bought 1000 shares, for Dec 2024 budget.
According to the last reported balance sheet, Wilmar International had liabilities of US$25.2b due within 12 months, and liabilities of US$8.25b due beyond 12 months. Offsetting this, it had US$10.4b in cash and US$5.63b in receivables that were due within 12 months. So its liabilities outweigh the sum of its cash and (near-term) receivables by US$17.4b.
@Kacudah:$Wilmar Intl(F34.SI)$
$SUPER MICRO COMPUTER INC(SMCI)$
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