$CityDev (C09.SG)$ STRONG SGD stance by MAS is a boon to CDL...
STRONG SGD stance by MAS is a boon to CDL as they benefit strongly from a weaker USD and lower interest rate environment.
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jusgod : Mayb something not right with CDL........ I used to believe it's a value stock but a guru just told me that always rem value stocks must pay good dividends even if it's stock price doesn't move...... Else it's no meaning holding it......... There seems some true to it.......
ValueBull OP jusgod : CDL has paid dividends in line with market return for property stocks. the case for CDL is buying property assets BELOW replacement cost
jusgod : Their dividend have reduce quite abit...... Same as the stock price. Been holding some years and patience is waning........
Deep Sea jusgod : U probably need to wait for Nov and Dec rate cut to propel the stock up.
jusgod Deep Sea : Definitely will continue to hold for a long time since already hold for few years. Just frustration what kind of lousy management they have.....
ValueBull OP jusgod : like I said, it's INACCURATE to look at dividend yield. Share Buyback yield must be taken into account as well
I am 102702622 jusgod : CDL is a cyclical stock. Just buy Low and wait till it reaches $15 and then you sell . Easy as abc
102944919 I am 102702622 : Like that current price is a steal if it ever hit $15 . I don’t mind hold for few years … buy n forget. Set reminder when hit $15 to sell
jusgod 102944919 : My avg 3 lots $6.7..........
ValueBull OP 102944919 : unless USD to SGD hits 1:1 , unlikely for CDL to go above 11.
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