City Developments Poised to Gain From Fed Rate Cut -- Market Talk

Dow Jones

2024-09-26

0327 GMT - City Developments looks set to gain from the large Fed rate cut due to its relatively high gearing and low debt hedge position among developers, RHB Singapore research analyst Vijay Natarajan writes in a note. The real-estate company's financing cost burden may begin easing in 2025 from the rate-cut outlook, the analyst says. City Developments has a total of S$12.1 billion of debt, 25% of which is due for refinancing by 1H 2025, the analyst adds. Based on RHB's preliminary sensitivity analysis, the Fed's 50bp cut will likely lead to a roughly 7% reduction in City Developments' overall finance costs. RHB maintains the stock's buy rating and target price of S$7.30. Shares are up 0.6% at S$5.34. (amanda.lee@wsj.com)

(END) Dow Jones Newswires

September 25, 2024 23:27 ET (03:27 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。

热议股票

1
2
3
4
5
6
7
8
9
10

{"basename":"/hans","ssrTDKData":{"titleTemplate":"%s - 老虎证券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎证券,老虎证券开户,老虎券商,老虎证券官网,老虎证券app,tigertrade老虎证券,股票,炒股,新加坡股票交易平台,投资,投资理财","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hans/news/2470221840"},"companyName":"老虎证券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2470221840\",edition:\"fundamental\",,,undefined,":{"share":"https://ttm.financial/m/news/2470221840?lang=zh_CN&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-09-26 11:27","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2470221840","market":"hk","top_or_hot":-1,"title":"City Developments Poised to Gain From Fed Rate Cut -- Market Talk","media":"Dow Jones","content":"<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0327 GMT - City Developments looks set to gain from the large Fed rate cut due to its relatively high gearing and low debt hedge position among developers, RHB Singapore research analyst Vijay Natarajan writes in a note. The real-estate company's financing cost burden may begin easing in 2025 from the rate-cut outlook, the analyst says. City Developments has a total of S$12.1 billion of debt, 25% of which is due for refinancing by 1H 2025, the analyst adds. Based on RHB's preliminary sensitivity analysis, the Fed's 50bp cut will likely lead to a roughly 7% reduction in City Developments' overall finance costs. RHB maintains the stock's buy rating and target price of S$7.30. Shares are up 0.6% at S$5.34. (amanda.lee@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 25, 2024 23:27 ET (03:27 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones & Company, Inc.\n</p>\n</font></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta content=\"text/html; charset=utf-8\" http-equiv=\"Content-Type\"/>\n<meta content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\" name=\"viewport\"/>\n<meta content=\"telephone=no,email=no,address=no\" name=\"format-detection\"/>\n<title>City Developments Poised to Gain From Fed Rate Cut -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCity Developments Poised to Gain From Fed Rate Cut -- Market Talk\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\">\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-09-26 11:27</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0327 GMT - City Developments looks set to gain from the large Fed rate cut due to its relatively high gearing and low debt hedge position among developers, RHB Singapore research analyst Vijay Natarajan writes in a note. The real-estate company's financing cost burden may begin easing in 2025 from the rate-cut outlook, the analyst says. City Developments has a total of S$12.1 billion of debt, 25% of which is due for refinancing by 1H 2025, the analyst adds. Based on RHB's preliminary sensitivity analysis, the Fed's 50bp cut will likely lead to a roughly 7% reduction in City Developments' overall finance costs. RHB maintains the stock's buy rating and target price of S$7.30. Shares are up 0.6% at S$5.34. (amanda.lee@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 25, 2024 23:27 ET (03:27 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones & Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"C09.SI","symbol_name":"城市发展","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2470221840","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2470221840","pubTimestamp":1727321220,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0327 GMT - City Developments looks set to gain from the large Fed rate cut due to its relatively high gearing and low debt hedge position among developers, RHB Singapore research analyst Vijay Natarajan writes in a note. The real-estate company's financing cost burden may begin easing in 2025 from the rate-cut outlook, the analyst says. City Developments has a total of S$12.1 billion of debt, 25% of which is due for refinancing by 1H 2025, the analyst adds. Based on RHB's preliminary sensitivity analysis, the Fed's 50bp cut will likely lead to a roughly 7% reduction in City Developments' overall finance costs. RHB maintains the stock's buy rating and target price of S$7.30. Shares are up 0.6% at S$5.34. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"C09.SI":"城市发展","BK4211":"区域性银行","CHCO":"City Holding Company"},"translate_title":"城市发展有望从美联储降息中受益——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"C09.SI":1,"CHCO":1,"US10Y.BOND":1,"US12M.BOND":1,"US2Y.BOND":1,"US30Y.BOND":1,"US3Y.BOND":1,"US5Y.BOND":1,"US6M.BOND":1,"US7Y.BOND":1,"US912797GW17.BOND":0.6,"US912797HE00.BOND":0.6},"content_text":"0327 GMT - City Developments looks set to gain from the large Fed rate cut due to its relatively high gearing and low debt hedge position among developers, RHB Singapore research analyst Vijay Natarajan writes in a note. The real-estate company's financing cost burden may begin easing in 2025 from the rate-cut outlook, the analyst says. City Developments has a total of S$12.1 billion of debt, 25% of which is due for refinancing by 1H 2025, the analyst adds. Based on RHB's preliminary sensitivity analysis, the Fed's 50bp cut will likely lead to a roughly 7% reduction in City Developments' overall finance costs. RHB maintains the stock's buy rating and target price of S$7.30. Shares are up 0.6% at S$5.34. (amanda.lee@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  September 25, 2024 23:27 ET (03:27 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}