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

Dow Jones

Sep 26, 2024

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)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2470221840"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2470221840\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2470221840?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-09-26 11:27","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2470221840","market":"us","top_or_hot":-1,"title":"City Developments Poised to Gain From Fed Rate Cut -- Market Talk","media":"Dow Jones","content":"<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 &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\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\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\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\n</div>\n\n\n</h4>\n\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 &amp; Company, Inc.\n</p>\n</font>\n\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","CHCO":"City Holding Company","BK4211":"区域性银行"},"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":{"US912797HE00.BOND":0.6,"US10Y.BOND":1,"US12M.BOND":1,"US912797GW17.BOND":0.6,"US7Y.BOND":1,"US3Y.BOND":1,"US6M.BOND":1,"US30Y.BOND":1,"C09.SI":1,"US5Y.BOND":1,"CHCO":1,"US2Y.BOND":1},"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":0,"need_auth":true,"code":"91000000","status":"200"}}}