CDL RELENTLESS MASSIVE SHARES BUYBACK AND SNAPPING UP LAND SALES CHEAP 31% BELOW VALUE
For the Zion Road site, CDL and Mitsui Fudosan are acquiring the site for S$1,202 ($881) per square foot of built area, or around 30 percent less than a neighbouring plot drew in the most recent land sale in the area in 2017.
CDL is snapping up non stop its own shares from open market , scooping up few hundred thousands of shares each round !!
IT IS WAY UNDERVALUED ! TRADING AT 0.6x BOOK VALUE ONLY !! And at an undemanding p/e : 17
$DBS GROUP HOLDINGS LTD(D05.SI)$
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