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CDL SHARE BUYBACK. HUGE UNDERVALUED STOCK . RNAV : $19.86
@SPOT_ON:
City Developments Limited's (CDL) CEO Sherman Kwek is not ruling out the possibility of continuing share buybacks, considering that its current share price levels is at an over 70% discount to its true value. As at the FY2024 ended Dec 31, 2024, CDL's net asset value (NAV) stood at $10.17 per share while its revalued NAV (RNAV) stood at $17.57 per share or $19.68 per share considering its fair value taken all valuation surpluses on portfolio. $CityDev(C09.SI)$ $DBS Group Holdings(D05.SI)$ $TENCENT(00700)$ $Apple(AAPL)$
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