Lim and Tan:
CDL is currently trading at a 25% discount to its historical NAV and we expect an even wider 40-50% discount to its RNAV as the company does not revalue its assets to current market values. We maintain our “BUY ON WEAKNESS” recommendation on as investors become more jittery about the negative impact from the government’s cooling measures implemented last year and also trade tensions between the US and China.
IMF had revised down the world growth from 3.5% to 3%!
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The world economic growth is slowing down according to IMF.
Although the world growth is slowing down, China and Russia are still
growing despite all th...
4 hours ago
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