$CityDev (C09.SG)$ this is the most important analysis discl...

this is the most important analysis disclosed by CDL.

As illustrated above a 5% DROP IN THE VALUE of the USD will boost CDL profit by $17.5m while a 5% INCREASE IN THE VALUE of GBP will boost CDL profit by $17.9m

The USD is currently on a downtrend against the SGD while the GBP is on an uptrend against the SGD.

both currency directions are in CDL favour. this is another factor that will support bullish price action due to improving fundamentals