City Developments Stock Fair Value – City Developments Confirms New Zealand Unit Unscathed by Recent Flooding.

Trending News 🌥️

City Developments Stock Fair Value – CITY DEVELOPMENTS ($SGX:C09) is a real estate and property developer with a presence in Singapore, China, the United Kingdom, Vietnam, and New Zealand. Its projects have ranged from residential properties, to serviced apartments, to commercial complexes. Recently, areas of New Zealand were hit with severe flooding due to heavy rains.

However, CITY DEVELOPMENTS has confirmed that their New Zealand unit has been spared from the floods. This news comes as a relief to the company’s shareholders, as their investments are safe. CITY DEVELOPMENTS has expressed their utmost sympathy for those affected by the floods, and have reiterated their commitment to providing quality services and products for their customers. They have also stated that their current projects in New Zealand have not been disrupted by the floods, and that they will remain dedicated to providing their customers with reliable and timely services. The company has implemented various measures to ensure that their operations are not disrupted by natural disasters. This includes conducting regular inspections of their properties, as well as establishing contingency plans in the event of an emergency.

Additionally, CITY DEVELOPMENTS has conducted extensive research into climate change and its potential implications for the real estate industry. CITY DEVELOPMENTS has taken proactive steps in ensuring that their business is resilient against natural disasters such as flooding. Their recent confirmation of their New Zealand unit unscathed by the recent flooding is a testament to their commitment to providing quality services and products to their customers.

Market Price

Media exposure at the time of writing is mostly positive, with reports citing that the company was able to avoid any major damage and disruption to their business. The effects of this news on City Developments‘ stock prices were minor, with the stock opening at SG$8.3 and closing at SG$8.2, a slight dip of 1.1% from the previous closing price of 8.3. This likely reflects the confidence of investors in City Developments’ ability to navigate difficult circumstances and remain profitable despite external events like flooding. The news also illustrates City Developments’ resilience as they have managed to avoid major disruption or losses despite the unpredictable nature of New Zealand’s weather conditions.

This could lead to increased confidence in the firm’s ability to handle future crises, which could in turn lead to a boost in their stock prices. Overall, this news shows that City Developments is capable of managing inclement weather and other external events without any major losses or disruption. This could lead to increased investor confidence and better stock performance in the future. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for City Developments. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for City Developments. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for City Developments. More…

Key Ratios Snapshot

Some of the financial key ratios for City Developments are shown below. More…

Analysis – City Developments Stock Fair Value

CITY DEVELOPMENTS is a public listed company whose fundamentals have been analysed by GoodWhale. GoodWhale’s proprietary Valuation Line has concluded that the fair value of CITY DEVELOPMENTS shares is SG$8.5. At the current trading price of SG$8.2, the stock is undervalued by 3.1%. This provides an opportunity for investors to purchase the stock at a relatively lower price. The fair value of CITY DEVELOPMENTS shares is based on analysing the company’s financials, such as profitability, debt levels and management efficiency. Furthermore, the analysis also considers long-term prospects on potential opportunities for growth and sustainability of the company. In view of the analysis, investors who are looking for long-term growth and capital appreciation should consider buying CITY DEVELOPMENTS shares as it is a good opportunity to buy a stock at a fair price below its true value. With the right strategy and timing, investors may be able to reap attractive returns from this stock in the long run. More…

Peers

The company is engaged in the development, ownership, and management of properties in Singapore and around the world. City Developments is one of Singapore’s largest property developers by market capitalization, and it is also one of the country’s oldest property developers, with a history dating back to 1963. The company’s portfolio includes residential, commercial, retail, hospitality, and industrial properties. City Developments’ competitors include Redsun Properties Group Limited, Leading Holdings Group Limited, and UOL Group Limited.

– Redsun Properties Group Ltd ($SEHK:01996)

Redsun Properties Group Ltd is a leading property development company in Hong Kong with a market cap of 1.37B as of 2022. The company has a strong focus on developing high quality residential, commercial and mixed-use projects. It has a proven track record in delivering quality projects on time and on budget. The company’s return on equity (ROE) is 11.22%.

– Leading Holdings Group Ltd ($SEHK:06999)

Leading Holdings Group Ltd is a Chinese conglomerate with a market cap of 248.52M as of 2022. The company has a Return on Equity of 10.6%. Leading Holdings Group Ltd is involved in a variety of businesses, including real estate, construction, and hospitality. The company has a strong presence in China and is expanding its operations into other countries.

– UOL Group Ltd ($SGX:U14)

UOL Group Ltd is a real estate investment holding company based in Singapore. The Company’s businesses include property development and investment, hotel ownership and management, and the provision of management services. The Company’s segments include Property development, Property investment, Hotel ownership and management, and Others.

The Company’s property development business includes the development of residential, commercial, and industrial properties. The Company’s property investment business includes the investment in income-producing real estate assets, such as office buildings, shopping malls, serviced apartments, and hotels. The Company’s hotel ownership and management business includes the ownership and management of a portfolio of hotels in Singapore, Vietnam, and Australia. The Company’s other businesses include the provision of management services.

Summary

City Developments Limited (CDL) is a Singapore-listed property developer, renowned for its investing strategies. Recently, its New Zealand business unit has escaped unscathed from the recent flooding in the country, which has been well-received by the media. Investors are drawn to CDL for its diversified portfolio of properties and long-term track record of delivering returns.