City Developments Limited (SGX:C09) Green Real-Estate

City Developments Limited (SGX:C09) Green Real-Estate
City Developments Limited (SGX:C09) Green Real-Estate
  • CDL unveils bold 2030 sustainability plan, which aims to be the most sustainable real estate firm in the world
  • The new sustainability blueprint introduces a plan to reduce the volume of waste the company’s produces by 50 per cent from 2016 levels, and ensure that half of the company’s construction materials come from recycled sources by 2030.
  • Controversial 22-storey highrise at Victoria Park sent back to planning
  • City Developments’ net profit down 19.9% to $99.2m in Q1

City Developments Limited is a real estate operating company with its presence spanning approximately 100 locations in over 30 countries. The principal activities of the Company are those of a property developer and owner, and investment holding. The principal activities of the subsidiaries are those of property developers and owners, hotel owners and operators, a club operator and owner, investment in properties and in shares, property management, project management and provision of consultancy services, hospitality-related information technology, procurement services and provision of laundry services. The Company’s segments include Property development, which develops and purchases properties for sale; Hotel operations, which owns and manages hotels; Rental properties, which develops and purchases investment properties for lease, and Others segment, which consists of mainly investment in shares, management and consultancy services, and provision of laundry services.

Overall, the bias in prices is: Upwards.

Short term: Prices are moving.

Intermediate term: Prices are ranging.

The projected upper bound is: 6.90.

The projected lower bound is: 6.31.

The projected closing price is: 6.60.

CITY DEVELOPMENT closed down -0.074 at 6.599. Volume was 100% below average (consolidating) and Bollinger Bands were 4% narrower than normal.

Open       High       Low        Close      Volume
6.577      6.599      6.577      6.599      0

Technical Outlook
Short Term: Oversold
Intermediate Term: Bearish
Long Term: Bullish

Moving Averages: 10-period      50-period      200-period
Close:                       6.84               6.77                 5.95
Volatility:                23                   28                   26
Volume:                   0                     22                   10

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

CITY DEVELOPMENT gapped down today (bearish) on light volume. Possibility of a Common Gap which usually coincides with a lack of interest in the security. Common Gaps are fairly irrelevent for forecasting purposes. Four types of price gaps exist – Common, Breakaway, Runaway, and Exhaustion. Gaps acts as support/resistance.
CITY DEVELOPMENT is currently 10.9% above its 200-period moving average and is in an downward trend. Volatility is Our volume indicators reflect very strong flows of volume into CYDM.SG (bullish). Our trend forecasting oscillators are currently bearish on CYDM.SG and have had this outlook for the last 0 periods.

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 2.9673. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a buy 5 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 39.73. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 38 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -197.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a sell 10 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 7 period(s) ago.

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John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

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