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.

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

熱議股票

1
2
3
4
5
6
7
8
9
10

{"basename":"/hant","ssrTDKData":{"titleTemplate":"%s - 老虎證券","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":"老虎證券,老虎證券開戶,老虎券商,老虎證券官網,老虎證券app,tigertrade老虎證券,股票,炒股,新加坡股票交易平臺,投資,投資理財","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/hant/news/2470221840"},"companyName":"老虎證券"},"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_TW&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: 12.5px; color: #7E829C; margin: 0;}\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 smaller\">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":"城市發展","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}}}