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Singapore Property Stock Technical Analysis

Singapore Property Stock Technical Analysis. City Developments - Strong fundamentals this time round. Monday, September 28, 2009. Easing financing concerns. Management noted that with the property market looking up, banks are more than willing to lend again. CDL is able to finance its loans at an attractive interest rate of 3.25. The companys net gearing came down to 0.46x in 2Q09 and has a healthy interest cover ratio of 10.1x. We continue to see good value in CDL and maintain our BUY recommendation w.

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Singapore Property Stock Technical Analysis

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Singapore Property Stock Technical Analysis. City Developments - Strong fundamentals this time round. Monday, September 28, 2009. Easing financing concerns. Management noted that with the property market looking up, banks are more than willing to lend again. CDL is able to finance its loans at an attractive interest rate of 3.25. The companys net gearing came down to 0.46x in 2Q09 and has a healthy interest cover ratio of 10.1x. We continue to see good value in CDL and maintain our BUY recommendation w.

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This web page singapore-property-stock.blogspot.com states the following, "City Developments - Strong fundamentals this time round." We saw that the webpage said " Monday, September 28, 2009." It also said " Management noted that with the property market looking up, banks are more than willing to lend again. CDL is able to finance its loans at an attractive interest rate of 3. The companys net gearing came down to 0. 46x in 2Q09 and has a healthy interest cover ratio of 10. We continue to see good value in CDL and maintain our BUY recommendation w."

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