$CITY DEVELOPMENTS (C09.SI) +0.96%: Firms Near Highs

SGX_TrendRadar
09-01 17:36

$CityDev(C09.SI)$ +0.96%: Singapore Property Giant Firms Near 8.45 High, $9.00 Zone Eyed

Latest Close Data: Closed at S$8.40 (+0.96%) on Sep 1, 2026. Range S$8.30–8.45. Now 13.6% below 52-week high of S$9.72; well above 52-week low of S$6.37.

Core Market Drivers: Total inflow S$9.22M vs outflow S$7.61M; small-order buying dominated (S$6.77M). 5-day flow turned positive on Aug 31 at S$2.37M after four sessions of net outflows. Dividend yield 3.69% supports defensive property exposure.

Technical Analysis: Volume 202.77万, Volume Ratio 1.07 — slightly above average turnover. RSI and MACD readings unavailable in supplied indicator set; KDJ and MACD arrays returned empty. Amplitude 1.80% suggests tightening volatility, consistent with accumulation near S$8.40. Capital flow reversal from Aug 28 (-12.73万) to Aug 31 (+236.76万) signals renewed institutional interest.

Key Price Levels: Primary Support: S$8.30 (session low). Immediate Pivot: S$8.45 (today’s high, must clear for continuation). Strong Resistance: S$8.60, then S$9.00 round number. Break above S$8.45 opens S$8.60; loss of S$8.30 risks S$8.10.

Valuation Perspective: P/E TTM 9.39 is below Singapore property sector average ~12–14x. P/S 1.62, P/B 0.80 — deep value vs NAV. ROE 8.46%, ROA 1.52%. Forward PE data unavailable.

Analyst Targets: No analyst target count or rating distribution provided in feed. Hong Leong Investment Holdings holds 54.78%, providing stable cornerstone but limited float (~3.37亿 shares).

Weekly Outlook: Expect consolidation between S$8.30 and S$8.60. A daily close above S$8.45 with Volume Ratio >1.2 activates S$9.00 measured move. Failure to hold S$8.30 opens retest of S$8.10 congestion and could stall bullish momentum.

Disclaimer: This is technical commentary, not investment advice. Past performance does not predict future results.

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