$CITY DEVELOPMENTS (C09.SI) Advances 0.5% as Buying Strength Holds Above $8.31
$CityDev(C09.SI)$Closed -0.47% at S$8.40: Consolidation Near S$8.36–8.44 Range, Dividend Cushion Holds
Latest Close Data: Closed at S$8.40, down 0.47% on Aug 27, 2026. Trading range S$8.36–8.44. Price sits 13.6% below its 52-week high of S$9.72, but 31.9% above the 52-week low of S$6.37.
Core Market Drivers: Volume ratio of 0.62 indicates subdued participation. Net outflow of S$161.19万 (1-day capital flow) with small-order selling dominating. Dividend yield of 3.69% continues to anchor defensive positioning in Singapore property.
Technical Analysis: Volume at 106.56万 shares with turnover rate of just 0.12% — no accumulation signal. MACD and RSI indicator arrays returned empty in this feed, so momentum cannot be confirmed today. Amplitude of 0.95% reflects very low volatility, consistent with a digestion phase below resistance.
Key Price Levels:
-
Primary Support: S$8.36 (today's low, immediate floor)
-
Strong Resistance: S$8.44 (today's high, near-term ceiling)
-
Immediate Pivot: S$8.40 (closing equilibrium; break below favors S$8.30, break above opens S$8.50)
Valuation Perspective: P/E TTM of 9.39x, P/B of 0.80x, P/S of 1.62x. These remain below Singapore property sector averages, reflecting persistent discount despite ROE of 8.46%.
Analyst Targets: No analyst target data available in current feed.
Weekly Outlook: Expect range-bound action between S$8.30 and S$8.50. A daily close above S$8.44 activates S$8.60–8.70; a break below S$8.36 exposes S$8.20 support.
Risk Disclaimer: This technical note is for informational purposes only and does not constitute investment advice. Past performance is not indicative of future results.
Investing is a long journey. Knowing when to move matters — and so does knowing when to recharge.
Markets may not slow down, but you can. Whether it’s a quick break between trading sessions or a long journey, staying comfortable helps you reset for what comes next. The new Night Trading Memory Foam Pillow features 360° ergonomic support and slow-rebound memory foam that gently conforms to your neck, plus a roll-up design that makes it easy to bring wherever you go.
https://laohu8.com/J/redeemGift?goodID=100540&type=delivery
Redeem the new Night Trading Memory Foam Pillow in Tiger Coins Mall, and stay supported for the journey ahead.
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.
