When Should You Buy City Developments Limited (SGX:C09)?
When Should You Buy City Developments Limited (SGX:C09)?
City Developments Limited (SGX:C09), is not the largest company out there, but it saw a decent share price growth in the teens level on the SGX over the last few months. With many analysts covering the mid-cap stock, we may expect any price-sensitive announcements have already been factored into the stock's share price. But what if there is still an opportunity to buy? Let's examine City Developments's valuation and outlook in more detail to determine if there's still a bargain opportunity.
City Developments Limited（SGX: C09）并不是目前最大的公司，但在过去的几个月中，它在新加坡交易所的股价在十几岁的水平上取得了不错的增长。由于许多分析师都在报道中型股，我们可能预计，任何对价格敏感的公告都已计入该股的股价。但是，如果还有机会买入怎么办？让我们更详细地研究城市开发公司的估值和前景，以确定是否还有讨价还价的机会。
Check out our latest analysis for City Developments
查看我们对城市发展的最新分析
What's The Opportunity In City Developments?
城市发展的机会是什么？
According to my price multiple model, which makes a comparison between the company's price-to-earnings ratio and the industry average, the stock price seems to be justfied. I've used the price-to-earnings ratio in this instance because there's not enough visibility to forecast its cash flows. The stock's ratio of 5.95x is currently trading slightly below its industry peers' ratio of 7.85x, which means if you buy City Developments today, you'd be paying a reasonable price for it. And if you believe City Developments should be trading in this range, then there isn't much room for the share price to grow beyond the levels of other industry peers over the long-term. In addition to this, it seems like City Developments's share price is quite stable, which could mean there may be less chances to buy low in the future now that it's trading around the price multiples of other industry peers. This is because the stock is less volatile than the wider market given its low beta.
根据我的价格倍数模型，该模型将公司的市盈率与行业平均水平进行了比较，股价似乎是合理的。在这种情况下，我之所以使用市盈率，是因为能见度不足以预测其现金流。该股的5.95倍的比率目前略低于其7.85倍的行业同行比率，这意味着如果你今天买入City Developments，你将为此付出合理的代价。而且，如果你认为City Developments应该在这个区间内交易，那么从长远来看，股价没有太大的上涨空间超过其他行业同行的水平。除此之外，City Developments的股价似乎相当稳定，这可能意味着既然City Developments的交易价格接近其他行业同行的价格倍数，未来低价买入的机会可能会减少。这是因为鉴于该股的beta值较低，其波动性小于整个市场。
Can we expect growth from City Developments?
我们能期待城市开发的增长吗？
Future outlook is an important aspect when you're looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Buying a great company with a robust outlook at a cheap price is always a good investment, so let's also take a look at the company's future expectations. However, with an extremely negative double-digit change in profit expected over the next couple of years, near-term growth is certainly not a driver of a buy decision. It seems like high uncertainty is on the cards for City Developments, at least in the near future.
当你考虑购买股票时，未来前景是一个重要的方面，特别是如果你是一个寻求投资组合增长的投资者。以低廉的价格收购一家前景强劲的优秀公司始终是一项不错的投资，因此，让我们也来看看该公司的未来预期。但是，预计未来几年利润将出现极为负的两位数变化，短期增长当然不是买入决策的驱动力。看来城市发展面临很大的不确定性，至少在不久的将来是如此。
What This Means For You
这对你意味着什么
Are you a shareholder? C09 seems priced close to industry peers right now, but given the uncertainty from negative returns in the future, this could be the right time to de-risk your portfolio. Is your current exposure to the stock beneficial for your total portfolio? And is the opportunity cost of holding a negative-outlook stock too high? Before you make a decision on C09, take a look at whether its fundamentals have changed.
你是股东吗？ 目前，C09的价格似乎接近行业同行，但考虑到未来负回报带来的不确定性，现在可能是降低投资组合风险的合适时机。你目前的股票敞口对你的整体投资组合有益吗？持有负面前景股票的机会成本是否过高？在你对C09做出决定之前，先看看它的基本面是否发生了变化。
Are you a potential investor? If you've been keeping tabs on C09 for a while, now may not be the most advantageous time to buy, given it is trading around industry price multiples. This means there's less benefit from mispricing. Furthermore, the negative growth outlook increases the risk of holding the stock. However, there are also other important factors we haven't considered today, which can help crystallize your views on C09 should the price fluctuate below the industry PE ratio.
你是潜在的投资者吗？ 如果你关注C09已有一段时间了，那么现在可能不是最有利的买入时机，因为它是围绕行业价格倍数进行交易。这意味着错误定价带来的好处较少。此外，负增长前景增加了持有股票的风险。但是，还有其他一些我们今天没有考虑的重要因素，如果价格波动低于行业市盈率，这些因素可以帮助您明确对C09的看法。
So if you'd like to dive deeper into this stock, it's crucial to consider any risks it's facing. When we did our research, we found 4 warning signs for City Developments (2 are concerning!) that we believe deserve your full attention.
因此，如果你想更深入地研究这只股票，考虑它面临的任何风险至关重要。当我们进行研究时，我们发现 城市发展的 4 个警告标志 （2 个令人担忧！）我们认为这值得你充分关注。
If you are no longer interested in City Developments, you can use our free platform to see our list of over 50 other stocks with a high growth potential.
如果您不再对City Developments感兴趣，可以使用我们的免费平台查看我们列出的其他50多只具有高增长潜力的股票清单。
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Simply Wall St 的这篇文章本质上是一般性的。 我们仅使用不偏不倚的方法根据历史数据和分析师预测提供评论，我们的文章并非旨在提供财务建议。 它不构成买入或卖出任何股票的建议，也没有考虑您的目标或财务状况。我们的目标是为您提供由基本面数据驱动的长期重点分析。请注意，我们的分析可能未将最新的价格敏感型公司公告或定性材料考虑在内。简而言之，华尔街对上述任何股票都没有头寸。
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